Impact Wrestling May Have Been Canceled
Seriously.
http://m.tmz.com/#Article/2014/07/27/impact-wrestling-cancelled-spike-tv-tna
If this is the case, they have about three months left on their current deal. This isn’t confirmed and there’s time to get on another network, but if this is true, TNA is in BIG trouble. I’ll keep you all updated as much as I can, but keep an eye on this one. This is big.
You can’t. lose money you never had I didn’t make a million dollars last year. Did I lose a million dollars?
Really, because it would seem that you still profited 160,000. Now if you made 200,000 in one year and lost, as in spent more than you made, 160,000 the next then your company lost money. Not making as much money is much different than losing money.
If you made 200,000 in 2013 and 160,000 in 2014 running a business you did lose 40,000. You even mention it in your own sentence.
The fallacy that so many wrestling fans make is to say the company is losing money. The company itself is not losing money, their only loss is when you compare profit from 2014 to 2013. It would be like if I made 200,000 last year and 160,000 this year and said I lost 40,000 dollars. I didn’t I made 160,000 I just lost 40 compared to last year. This is why I wish Wwe had never went public. Then ypu always have to be growing and making more than the year before or investors start bitching. Why is this concept so hard for wrestling fans to figure out?
Wrong Killjoy, WWE’s TV deal INCREASED just not as much as was expected. In addition, their stock is actually higher than that of 1 year ago. Budget cuts make sense in business, it’s not forced upon them though. Bit of a difference between that and TNA’s situation which might end them.
Would just like to add that WWE is getting double the amount of money from this deal as opposed to the last one.
Actually their TV deal was increased. The reason people panicked was due to the increase being lower than expected. The WWE kind of shot themselves in the foot with that. They hyped the new deal too much.
As KB pointed out to me, the WWE Network numbers should be much more interesting around Christmas. Along with (I assume) the worldwide launch a few months later, they should probably surpass their break even point. At that point, things will return to normal. If not, then I would start to worry. But right now, I wouldn’t be. You can’t make money from day one on new things. As they say, you need to lose money to make money.
They can sign whoever they want from TNA. But they most likely will only sign a few guys. There is a big reason for this (ignoring the obvious they probably aren’t interested in most of them).
Take AJ Styles for example (I know he isn’t in TNA anymore but he is a good example). TNA offered him a 200,000 dollar contract, which he turned down. Styles said he can make more doing Indy shows.
Now look at it this way. Is Styles more valuable to TNA or WWE? Obviously TNA. If TNA was only willing to pay him that much, why would the WWE offer him anywhere near that amount? They wouldn’t/didn’t. Styles has no name value to the WWE. He won’t be special right away (if ever). He would need time to adapt to the WWE’s style. Plus his promos aren’t exactly good (though I’m going off past work, haven’t heard a promo of his recently). As you can see this would become a very time consuming project for the WWE.
The time it would take to mold Styles could be used for a younger guy. The younger guy would have more of a shelf life and would be worth more to the WWE long term. Styles, if he hit it big, would have a short shelf life and would only have a short term benefit for the WWE.
WWE wouldn’t offer Styles a big contract regardless of their finnancial situation (which is still nothing to worry about). The payoff for the WWE would be slim to nothing if they offered him a big money contract. The payoff for a low money deal would be much higher for the WWE. Not to mention, much easier to absorb if there is no payoff.
You can replace Styles with any TNA guy and the WWE would have the same problem. TNA guys just aren’t worth as much to the WWE. It makes more sense for those guys to go to the indys rather than take a low offer from the WWE. With the shelf life they have and chances of making in big in the WWE are slim, they will make a lot more money for a longer time if they just do independents.
I believe Jericho said (paraphrased) that the true value of being in the WWE is not from the guaranteed contracts but rather the potiential of what you can make. Meaning from PPV bonuses (though maybe not anymore or at least for awhile), merchandise, etc. The contract is only the starting point. The rest is from how big you become. However in order to become big and earn more, you need to become a valuable guy and around upper midcard/main event status (especially if they want to make substantially more than they would on the indys). That takes a lot of time. Probably too much time for the TNA guys. If they fail, then the time they have to earn from the indys becomes even less. Meaning they took less money, failed and then went to the indys. When instead they can go to the indys and start making a good amount of money.
Some TNA guys will not have this problem. Such as someone like Magnus, who is only 26. He still has a lot of time left and can afford to fail. Styles does not have that kind of luxury.
“When instead they can go to the indys and start making a good amount of money.” I meant to put now at the end of this sentence.
Bear in mind that they got over 600k subscribers when it first launched and that was only in the USA. They’ll look at feedback and they’ll do something for improvement. Of course at this stage they’ll make a loss but assuming they get the subscribers they need, I’m sure they’ll be fine and cuts won’t be necessary. You’re looking at it short term only.
Here’s the thing. If people did not subscribe after the huge promotional wave behind Wrestlemania 30, which proved to be WWE’s best event in 12 years, why subscribe for lesser shows? I know it’s short term thinking but just what is supposed to patch those losses in the meantime? They need 2 mill subscribers just to break even. Yes, in the long run can make money, but what about the now? When they need it?
I thought it was 1 million subscribers needed to break even? Where did you hear 2 million?
Wonder how much Vince will pay for TNA’s video library?
Nothing.
You do realize WWE is in its own financial crisis right now too, right? A far bigger one than TNA’s.
Their crisis is nothing. Once the network launches worldwide and investors stop being stupid (overreaction to network numbers and TV deal) they will stabilize.
Also WWE can afford to take this kind of a hit. They wouldn’t bring in Lesnar or Rock if they were actually in trouble.
TNA could close due to this. WWE may have to release Hornswoggle.
Rocko, ya think any TNA star would get signed by WWE? I’m thinking Roode and Magnus off the top of my head. Both seem they could adjust to the style and have a very good physique. Although I’d send Magnus down to NXT for a while though for some polishing. I reckon both could have some good matches over there.
No they can’t. If they could afford a near billion dollar loss they would not be hastefully be cutting costs and people. Their PPV revenue is diminishing and Network buys aren’t gonna see any major rise until Wrestlemania 31. Not to mention their TV deal was greatly reduced.
WWE isn’t dying any time soon but they took a nosedive not seen since WCW met its end.
Great. just when i had started to watch TNA. Also, why do people feel the need to bash TNA? if you dont like it dont watch. i did just that but now im trying to get into it.
“Also, why do people feel the need to bash TNA? if you dont like it don’t watch it”
So no one is allowed to complain about anything they don’t like?
Not if you aint watching it. its like me complaining about the Big Bang Theory even tho i’ve never seen an episode.
The fun question is who, if any, WWE would be interested in bringing in?
I’d assume they’d want Hardy back seeing that he was the most popular guy in the company at one point back in ’09.
Kurt for one last go around and retirement match.
Maybe the musclehead that lost the title to Eric Young?
Add Roode and Joe
I’m not sure how I feel about this. I was watching it from like age 5 but at the same time, someone needs to put them out of their misery.
Define misery exactly. Because all I see is a perfectly ordinary company working like any other organization not named WWE works. They were not going through desperate attempts to grab attention to grab shock value like WCW & ECW were. They were and still are doing perfectly normal business decisions. Yet for some reason ECW & WCW are so fondly remembered despite being extremely self destructive while people despise TNA for being normal.
We’ll IMO (and probably a lot of other people’s), the product has been boring lately and the ratings reflect that. This year we’ve had Sting and Styles have walked out on them and it doesn’t look like they’re progressing, but declining instead. Spike is investing loads of money into them and they’re probably making a loss as we’ll. If they were making a profit, they wouldn’t have canceled the show. I understand that people still watch it with enjoyment but after 12 years, they really haven’t got anywhere they’ve expected to be. They’re just floating about.
If Spike wanted to make a profit out of TNA they would’ve been on the road way before 2013. Its clear Spike only put in to TNA what was absolutely necessary and nothing else. Their promoting really does suck and saddled whatever they could on TNA to promote. Bellator, Kickboxing, TNA plugged it.
TNA is still by far Spikes top show. But much like with ECW, they see something more shiny. Personally, I hope Spike goes under not long after.
I don’t think it’s people hating just to be cynical. TNA has had so much potential but never did anything with it.
TNA stagnanted. That’s not a position a (rumored) nonprofitable company can be in.
You think Spike didn’t care about making a profit with TNA? What could possibly make you think that?
They maybe were willing to lose money while TNA grew their fanbase and that’s why they didn’t have them go on the road until last year. Once they did, they bombed. Add that to stagnating TV ratings and no hope of improvement, you have a recipe for distater.
Just because it’s their top show doesn’t mean shit. If you aren’t making money, you can’t last. Spike gave them a shot and TNA didn’t succeed.
Or it’s Miz’s/Russo’s fault.
YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES
GOOD RIDDANCE YOU PIECE OF TRASH! This is the greatest day of my life. I’m actually going to the TMZ article and I’m gonna jerk off to it! I will come out of retirement for one night tomorrow after RAW because of this!
YES YES YES YES YES YES YES YES YES YES YES YES YES YES YES!!!!!!!!!!!!!
Good riddance to bad rubbish.
I went ahead and read some of the comments in the TMZ article and even though some are beyond stupid they made me think of something: history truly repeats itself. Think about it. PG/Cena Era = Hulkamania and now we are transitioning towards a little bit edgier era in the WWE. TNA tried the Monday Night Wars. Finalized but tried and lost and just like WCW they might go out. Hopefully, if report is true then TNA could hopefully find a new network.
what a load of crap
My only doubt about this is why would TNA keep offering people new contracts if they knew they are done?
Because they still have networks outside the U.S. and Spike made the decision suddenly. They simply knew they were in negotiations before they were apparently cut short.
Oh I misread the report. I thought when it said they had given TNA advance notice that it meant TNA had gotten the notice awhile ago. Then I saw the part that said they were notified one week ago.
Wow. My mind is blown.
TNA might have a chance to pull through with a new TV deal, but that’s just sad. Even if they weren’t up to par most of the time.
Well TNA is in a pickle. Spike will be in a far bigger one in the long run now though.
Not really. THey pump money into TNA and can get a similar rating with a cheap reality show or COPS. They’ll probably save money off of this in the long run.
Yeah, but in the longer run just what is supposed to bring viewers? They needed TNA to plug Bellator and their Kickboxing fed.
TNA will be in big strains but it’s not the first time they end up like this. And unlike 2005 they have loads of networks outside the U.S. Though they’ll be on quite the time table for networks.