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WZ first reported it, Jim Ross, Meltzer, wrestlers(credible ones), and other credible people are posting all about it.
Pretty much, WWE will own the 14 and 1/2 years of TNA Wrestling that aired. Their entire vault. However, unlike WCW and ECW, WWE has NOT bought the company.
Billy Corgan has has taken over majority ownership from Dixie Carter. The company will be re-branded, new name, the works. Carters out, but TV deals the former TNA Impact Wrestling had, will stay, likely most contracts, staff, venue, etc.
Total Non-Stop Action Wrestling is no more after the end of the year, except as part of history on the WWE Network and WWE TV. I'm guessing WWE gets the name of the company with the library. Instead, we will be getting a new brand starting fresh from the Smashing Pumpkins front man.
Nothing 'official' has been announced, but that is because the deal is being finalized. Taz mentioned on his podcast this week of hearing that Vince McMahon funded the 2 million dollars needed for the last Bound for Glory and last of sets Impact tapings(that goes to the end of the year) in production costs/paying talent.
My take: Honestly, this the best possibly outcome. TNA ,despite becoming pretty good lately, had a irreversible bad reputation. Let it become part of history the WWE Network, especially with so many former TNA guys now top guys in WWE and the fact that WWE has the platform to showcase those old matches/footage. Also, with Corgan's new brand, talent & staff have another place to work. A total loss of the company to WWE would have left a void in wrestling that would have taken money and TV time away from people. It gives us a new brand without an idiot money mark with delusions of grandeur running it(Dixie), a true fresh start, with it's own new history, run by someone who knows what they are doing(Billy). We'll see where the chips land, but I think this is a good thing.
Pretty much, WWE will own the 14 and 1/2 years of TNA Wrestling that aired. Their entire vault. However, unlike WCW and ECW, WWE has NOT bought the company.
Billy Corgan has has taken over majority ownership from Dixie Carter. The company will be re-branded, new name, the works. Carters out, but TV deals the former TNA Impact Wrestling had, will stay, likely most contracts, staff, venue, etc.
Total Non-Stop Action Wrestling is no more after the end of the year, except as part of history on the WWE Network and WWE TV. I'm guessing WWE gets the name of the company with the library. Instead, we will be getting a new brand starting fresh from the Smashing Pumpkins front man.
Nothing 'official' has been announced, but that is because the deal is being finalized. Taz mentioned on his podcast this week of hearing that Vince McMahon funded the 2 million dollars needed for the last Bound for Glory and last of sets Impact tapings(that goes to the end of the year) in production costs/paying talent.
My take: Honestly, this the best possibly outcome. TNA ,despite becoming pretty good lately, had a irreversible bad reputation. Let it become part of history the WWE Network, especially with so many former TNA guys now top guys in WWE and the fact that WWE has the platform to showcase those old matches/footage. Also, with Corgan's new brand, talent & staff have another place to work. A total loss of the company to WWE would have left a void in wrestling that would have taken money and TV time away from people. It gives us a new brand without an idiot money mark with delusions of grandeur running it(Dixie), a true fresh start, with it's own new history, run by someone who knows what they are doing(Billy). We'll see where the chips land, but I think this is a good thing.
