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23.9.14 0722
The W - Pro Wrestling - TNA on the market, Carters talking to potential buyers
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thecubsfan
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Since: 10.12.01
From: Aurora, IL

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#1 Posted on | Instant Rating: 9.35
Amusingly buried at the end of a podcast recapping two (2) MMA shows and a WWE PPV, some actual major news on last night's Wrestling Observer Radio podcast. (It's about 55 minutes in, and only for subscribers.)

This is at the end of a bit about TNA's current money situation. I'll try to transcribe, but I'm missing a few you knows.

"There's a lot of moves, there's a lot of moves that are being done behind the scenes. There are - you know - no matter what anyone is going to say right now, and, um, you know, there's big, there's big things going on behind the scenes as far as the future behind the scenes as far as the future ownership of the company, and at that point, god only knows where it goes. I mean, you know, there's, there's people are looking to get in and the Carters are looking to get out. I think, you - they've lost enough money and all that, and you know as far as what that means, who knows. But they've been looking to get out for a while. Now everyone is going to scream at me and what, but that's a 100%. That's the stuff they don't want you know."

Dave goes on to say the Carters have been looking to sell ever since they "stopped funding" - when the cut backs started.

I think this is something everyone assumed would be happening soon, but that it's news that it's actually on the market and they're far enough along that there are potential buyers identified.

In possibly related news, Eric Bischoff has been sent home - his job is to watch the show on TV and let them know what he thinks. Neither Dave or Bryan knew if Eric was involved with any potential buyer, but would not be surprised if that was the case.

AJ making his return on a reset show under new ownership seems so obvious that whoever is booking now has to be in on that plan. (Which doesn't mean it'll happen that way.) Same thing with Dixie getting booted out. On the other hand, if you thought the Carters weren't long for the company, why introduce EC3 with that character? (Cynically planning on burying them after they don't sign the checks?)

(edited by thecubsfan on 27.10.13 1444)


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Since: 28.2.02
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#2 Posted on | Instant Rating: 6.17
Well, they should take a meeting with this man:
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#3 Posted on | Instant Rating: 9.48
I could probably find some change in the sofa cushions if anybody else wants to go in on it.



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Since: 25.7.02
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#4 Posted on | Instant Rating: 1.22
I found 75 cents in a coat I haven't worn in a while. I'm in.



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Since: 9.1.02
From: Winnipeg, MB, Canada

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#5 Posted on | Instant Rating: 7.13
Only if we all agree to book ourselves as the main eventers.

I mean, that is our plan right? We even got "The Mayor" as our manager.
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Since: 7.3.02
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#6 Posted on | Instant Rating: 4.03
Does Spike TV foot the bill for most of the major talent so how much could it be worth? It seems like you'd be buying, at best, a glorified indie company (which is, essentially, what TNA is - an indie company that lucked into a national television deal).
thecubsfan
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Since: 10.12.01
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#7 Posted on | Instant Rating: 9.35
That last part is the important part of the sale. Most of the value of TNA is buying those 2 hours of TV every Thursday. No one else can seem to get on a decent network. Whoever's interested in buying TNA will probably talk as much to Spike as much as the Carters, looking for some assurances Spike won't dump them any time soon.

Which means Spike/Viacom is the most likely buyer. They probably already have a really good idea about the financials, since they're paying part of them, and they can be the most sure about it staying on TV since they control that. They bought Bellator in similar sounding circumstances, though that doesn't sound like it's going perfectly well right now.

Spike has to be interested in TNA for anyone to want to buy it - if they're not, that's a bad sign for their TV security and there's no reason for anyone else to come near this.



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Matt Tracker
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Since: 8.5.03
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#8 Posted on | Instant Rating: 8.85
So let's say you buy TNA.

You change the name right? Rebrand from the top down? Is there enough licensing sales (toys, shirts, etc.) to make the name worth keeping?

Then you think about cutting back on the payroll while also keeping an eye on acquisitions to bring in new audiences. Maybe play up Rampage Jackson since he won't face Ortiz for a LONG time.

Clearly the talent is there. Roode, Ray, AJ, Samoa Joe, Daniels, Kaz, Storm, Angle, Aries. That's a nice foundation for a couple of stories.

What kind of PPV contract do they have? Are TNA obliged to put on shows for say the next year?



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JustinShapiro
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Since: 12.12.01
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#9 Posted on | Instant Rating: 8.83
This is JR and Shane's chance to stick it to Vince and Steph.

Jacques Rougeau and Shane Douglas of course.

It's funny that WWE might simultaneously overpay for Sting just to stick it to TNA and lowball Hogan just to stick it to Hogan. If Hogan wants to take one Attitude Adjustment before his bones turn to dust, they may as well do Hogan/Cena at Wrestlemania (once planned for #25) if they have nothing better for the Dr. of Thuganomics to do. There's also that "Vince brings back his legendary enemy to battle Hunter" spot ...
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Since: 11.5.02

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#10 Posted on | Instant Rating: 8.38
    Originally posted by thecubsfan
    That last part is the important part of the sale. Most of the value of TNA is buying those 2 hours of TV every Thursday. No one else can seem to get on a decent network. Whoever's interested in buying TNA will probably talk as much to Spike as much as the Carters, looking for some assurances Spike won't dump them any time soon.

    Which means Spike/Viacom is the most likely buyer. They probably already have a really good idea about the financials, since they're paying part of them, and they can be the most sure about it staying on TV since they control that. They bought Bellator in similar sounding circumstances, though that doesn't sound like it's going perfectly well right now.

    Spike has to be interested in TNA for anyone to want to buy it - if they're not, that's a bad sign for their TV security and there's no reason for anyone else to come near this.

If Spike/Viacom buys TNA it essentially ceases to be a wrestling promotion and becomes a dedicated TV/PPV product(moreso than they already are). Which, to be honest, is probably the best they can hope for at this point.

I doubt it's any coincidence that confirmation of TNA being on the market comes in the same week TNA announce plans to go back to a fixed location, cancel all house shows, and focus their business to be purely about the TV product. Sounds like they're getting their house in order for what they know is coming.



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thecubsfan
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Since: 10.12.01
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#11 Posted on | Instant Rating: 9.35
Hey, so, I guessed wrong:

    Originally posted by Dave
    It doesn't appear Viacom has any interest in buying the company (even though TNA gets far better ratings than Bellator, it's not as valuable because it can't get the corporate sponsors or ad revenue) and the parties involved come from outside the pro wrestling industry.


Not Viacom and outside the wrestling business means not Bischoff or Jarrett. Pretty easy to take whoever is behind Door #1 over the Carters - at worst, it's a new bad instead of usual bad.



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Since: 14.6.13
From: Baton Rouge, LA

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#12 Posted on | Instant Rating: 8.00
Well that doesn't rule out WWE since they are in the "entertainment" industry not the "wrestling" industry.

I'm sure they feel the TNA tape library might be worth $1 million or so for the Sting and Kurt Angle DVDs alone.



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Since: 5.9.08

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#13 Posted on | Instant Rating: 1.11
I think if you don't have the timeslot then its worthless or ROH. If you have the timeslot which Spike should want considering their MMA product can't bring in the ratings which doesn't shock me at all. The best hope is for someone who isn't a mark and is willing to reboot the entire thing. Minus Heyman, I don't see any good person that could take over.



(edited by lotjx on 1.11.13 1114)


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#14 Posted on | Instant Rating: 4.02
    Originally posted by Horsemen4ever
    Well that doesn't rule out WWE since they are in the "entertainment" industry not the "wrestling" industry.

    I'm sure they feel the TNA tape library might be worth $1 million or so for the Sting and Kurt Angle DVDs alone.


Wouldn't WWE already have much of the Sting footage from the WCW purchase? Or can they not use that? Is there enough TNA Sting and Angle footage to make it worthwhile?

Also, not that it's an indicator of anything since, you know, it's Dixie; but she made a passive aggressive remark on Twitter about rumours so, take it for what it's worth.


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Since: 14.6.13
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#15 Posted on | Instant Rating: 8.00
    Originally posted by wannaberockstar
      Originally posted by Horsemen4ever
      Well that doesn't rule out WWE since they are in the "entertainment" industry not the "wrestling" industry.

      I'm sure they feel the TNA tape library might be worth $1 million or so for the Sting and Kurt Angle DVDs alone.


    Wouldn't WWE already have much of the Sting footage from the WCW purchase? Or can they not use that? Is there enough TNA Sting and Angle footage to make it worthwhile?




They can use it, but the collection wouldn't be complete without his last decade.

Would you really want to close your DVD with that Sting/Flair match from the last Nitro?



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Since: 14.6.13
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#16 Posted on | Instant Rating: 8.00
    Originally posted by lotjx
    I think if you don't have the timeslot then its worthless or ROH. If you have the timeslot which Spike should want considering their MMA product can't bring in the ratings which doesn't shock me at all. The best hope is for someone who isn't a mark and is willing to reboot the entire thing. Minus Heyman, I don't see any good person that could take over.



    (edited by lotjx on 1.11.13 1114)


Exactly how Vince got WCW so cheap. All he acquired was the tape library and intellectual property. Turner had cancelled Nitro and Thunder, which is what ran off Bischoff's group.



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Since: 2.1.02
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#17 Posted on | Instant Rating: 5.04
    Originally posted by thecubsfan
    Hey, so, I guessed wrong:

      Originally posted by Dave
      It doesn't appear Viacom has any interest in buying the company (even though TNA gets far better ratings than Bellator, it's not as valuable because it can't get the corporate sponsors or ad revenue) and the parties involved come from outside the pro wrestling industry.


    Not Viacom and outside the wrestling business means not Bischoff or Jarrett. Pretty easy to take whoever is behind Door #1 over the Carters - at worst, it's a new bad instead of usual bad.

What kind of moron wants to buy into pro wrestling if it isn't simply to provide content for their broadcast entity?



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thecubsfan
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Since: 10.12.01
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#18 Posted on | Instant Rating: 9.35
    Originally posted by Horsemen4ever
    Well that doesn't rule out WWE since they are in the "entertainment" industry not the "wrestling" industry.

    I'm sure they feel the TNA tape library might be worth $1 million or so for the Sting and Kurt Angle DVDs alone.


FWIW, wikipedia says WCW's tape library cost WWE $1.7 million. Everyone thought that was a steal at the time (and it seems like they've made that money back many times over on DVDs), but it suggests TNA's library may not be worth even a million.

(Though if it gets low enough, I wonder if they'll be other buyers - the Smart Mark Videos of the world might also be able to turn a profit on it at some point.)


    What kind of moron wants to buy into pro wrestling if it isn't simply to provide content for their broadcast entity?


Meltzer's theory - actually, this is more a WWE theory that he's applying to everything - is that wrestling programs will be back in demand because none of the new sports channels are doing well and most cable channels would be happy with the ratings TNA is still getting. TNA being profitable seems like a stretch to me.

(edited by thecubsfan on 1.11.13 1335)


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Since: 5.9.08

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#19 Posted on | Instant Rating: 1.11
    Originally posted by spf
      Originally posted by thecubsfan
      Hey, so, I guessed wrong:

        Originally posted by Dave
        It doesn't appear Viacom has any interest in buying the company (even though TNA gets far better ratings than Bellator, it's not as valuable because it can't get the corporate sponsors or ad revenue) and the parties involved come from outside the pro wrestling industry.


      Not Viacom and outside the wrestling business means not Bischoff or Jarrett. Pretty easy to take whoever is behind Door #1 over the Carters - at worst, it's a new bad instead of usual bad.

    What kind of moron wants to buy into pro wrestling if it isn't simply to provide content for their broadcast entity?


The same moron who made the AOL/Time Warner deal which crushed a lot of original programming on TNT and TBS. They just did not want Nirto even though now they would murder their pets and possibly certain family members to get their average ratings.

(edited by lotjx on 1.11.13 1338)


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#20 Posted on | Instant Rating: 5.04
    Originally posted by lotjx
      Originally posted by spf
        Originally posted by thecubsfan
        Hey, so, I guessed wrong:

          Originally posted by Dave
          It doesn't appear Viacom has any interest in buying the company (even though TNA gets far better ratings than Bellator, it's not as valuable because it can't get the corporate sponsors or ad revenue) and the parties involved come from outside the pro wrestling industry.


        Not Viacom and outside the wrestling business means not Bischoff or Jarrett. Pretty easy to take whoever is behind Door #1 over the Carters - at worst, it's a new bad instead of usual bad.

      What kind of moron wants to buy into pro wrestling if it isn't simply to provide content for their broadcast entity?


    The same moron who made the AOL/Time Warner deal which crushed a lot of original programming on TNT and TBS. They just did not want Nirto even though now they would murder their pets and possibly certain family members to get their average ratings.

    (edited by lotjx on 1.11.13 1338)

Given the costs associated with getting the 2.0 that Nitro was getting at the end, I don't think anyone would be looking to sacrifice more than small rodents for those numbers. Especially in a tv universe where cable shows can draw much larger ratings AND much higher ad rates than the poor bastard child of tv that is pro wrestling.



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I'm just impressed that this board appears to have gotten the story more than two days before the Observer: http://www.wrestlingobserver.com/wo/news/headlines/default.asp?aID=20456 Obviously Meltz needs to keep an eye on the W!
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