News Impact Wrestling Reportedly Cancelled

The GOAT

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Just because one is a visionary and takes risks, does not mean one has to burn all ones money. McMahon is a prime example of that.

Heyman was/is a creative visionary, but he could not handle a budget or the logistics of running a company long term successfully. And that's coming from his own god darn mouth.

Just because you wanna take a risk or follow a dream doesn't mean you have to bankrupt yourself.
McMahon banked pretty much everything he had on the success of the first Wrestlemania. If it had failed, McMahon would have been out of the game right then and there. But the success paid off, and paid off big time.

I think you're being a little too critical of Heyman. How is taking a calculated risk and investing in one particular thing that didn't pay off proof that Heyman "can't handle a budget"? ECW was always extremely low budget because Paul flat out didn't have the money to begin with and unless he convinced some millionaire to invest in it (and why would they?), it wasn't gonna last in the long run anyway. Besides, Paul Heyman in 2010 was a much wiser Paul Heyman than the one from the mid/late-90's.
 
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Stopspot

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I think you're being a little too critical of Heyman. How is taking a calculated risk and investing in one particular thing that didn't pay off proof that Heyman "can't handle a budget"? ECW was always extremely low budget because Paul flat out didn't have the money to begin with and unless he convinced some millionaire to invest in it (and why would they?), it wasn't gonna last in the long run anyway. Besides, Paul Heyman in 2010 was a much wiser Paul Heyman than the one from the mid/late-90's.
Tons of wrestling companies start with about or less of a budget than ECW, but still grow steadily. AAW, AIW, ROH and so forth. ECW never did have much of a budget yes, which to any reasonable human being would mean "let's keep track of the money we have" rather than "Let's go wild!".
 

The GOAT

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Tons of wrestling companies start with about or less of a budget than ECW, but still grow steadily. AAW, AIW, ROH and so forth. ECW never did have much of a budget yes, which to any reasonable human being would mean "let's keep track of the money we have" rather than "Let's go wild!".
Where's the evidence that he even spent massive amounts of cash all the time or something? He tried to do as many possible tasks as he could all by himself for a reason - because he knew he didn't have the money to employ other people to help him. Whoever did help him were the very wrestlers who were apart of ECW and did as much as they could because they wanted ECW to succeed. I wouldn't exactly call that being irresponsible with money.

I'm sure he overspent here and there but that still isn't comparable in my eyes to what it would have been like spear-heading a company like TNA where money was no longer an issue.
 
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Red Rain

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Tons of wrestling companies start with about or less of a budget than ECW, but still grow steadily. AAW, AIW, ROH and so forth. ECW never did have much of a budget yes, which to any reasonable human being would mean "let's keep track of the money we have" rather than "Let's go wild!".
How old are those companies that you mentioned? Did they not all begin after ECW went under? Would it not be fair to presume that they learned from Paul Heyman's mistakes?
Wrestling was relatively hot in ECW's day so risks were going to be taken. (As of matter of fact, spending money was thoroughly commonplace to keep up during the Attitude Era)
These days wrestling is a bit passe so being conservative makes sense in light of what is going on these days.

Wrestling then and now has changed. It's a tad unfair to believe that today's companies are wise, but Paul Heyman somehow just isn't privy.
 
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JacobFox

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It's pretty much all speculation that all these other wrestling companies started out with an ECW sized budget and succeeded unless you're able to back that up with figures.

TNA itself is completely fortunate to have had Panda buy a majority share because around 2005, TNA was 20 million dollars in the red. If it hadn't been for Dixie's parents sticking by their investment, TNA would have never made it to the point where they had anything to do with Heyman.

It's unrealistic, however, to believe that Janice Carter would have allowed Paul or Dixie or anyone to spend so much money that they would be back in that position. Although Panda is not the billions of dollars company many think it is, it has been an established and profitable company for decades and much longer than Heyman has been in business. Heyman wasn't a good business man and had no one to keep him in check at ECW. That would not have happened with Panda.

If Janice and Bob Carter aren't letting their own daughter spend them into oblivion they wouldn't have let Heyman. But you can have complete creative control over something without having an unlimited budget. I could have complete creative control over a Halloween show and make it about skeletons. That doesn't mean I can demand money for real skeletons if they are only willing to pay for cardboard. My creative theme is still in my control but I have to work within financial limits,

And I've been a wrestling fan for a long time and I have never heard of a company other than WCW with Eric Biscoff giving an open and unchecked budget along with complete creative control. And honestly as much as WWE wants fans to believe otherwise, that wasn't even true. Even Bischoff had to get his spending approved. If Heyman had gotten creative control, there undoubtedly would have been financial checks in place.
 
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C.M. Shaddix

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It's still not looking any good for TNA... they staged a GFW hostile takeover angle, in my mind, the right thing to do is at Lockdown have GFW win and legitimatly give all of TNA's left over assests to Jarret. TNA has money probs, talent probs and tv probs, maybe its time to call it quits and move on with the remnants in GFW's hands.
 

JacobFox

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I honestly believe GFW stands a chance of doing better. I do, however, think it was unwise of Jarrett to get involved with that invasion angle. It is an old and overdone angle that is going to link GFW to TNA and honestly I would think Jarrett would want to avoid that. TNA just has a LOT of baggage and I would assume Jarrett should have just let GFW grow on its own.

I honestly believe that Jeff Jarrett was one of the major differences between TNA when it was good and TNA when it sucked. It was a bit shaky in the beginning but the promotion got VERY good up until the time Dixie Carter cast Jarrett aside for Hogan and Bischoff. Of course when Hogan and Bischoff were gone, TNA looked like WCW towards the end of its run. With a bit more experience under his belt, I think Jarrett could make GFW eventually what TNA used to be.

The problem, and I can understand it, is that as the guy who founded TNA, the company still has to mean something to him that others cannot really relate to. So, I can understand that Jarrett would likely want it back and to keep it from dying. But the best thing this man did for himself was leave that place and he really needs to keep his distance and work on GFW solely. It's not always easy starting out new, but it's sometimes necessary to cut ties with something that will drag you down.
 

Leo C

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I honestly believe GFW stands a chance of doing better. I do, however, think it was unwise of Jarrett to get involved with that invasion angle. It is an old and overdone angle that is going to link GFW to TNA and honestly I would think Jarrett would want to avoid that. TNA just has a LOT of baggage and I would assume Jarrett should have just let GFW grow on its own.

I honestly believe that Jeff Jarrett was one of the major differences between TNA when it was good and TNA when it sucked. It was a bit shaky in the beginning but the promotion got VERY good up until the time Dixie Carter cast Jarrett aside for Hogan and Bischoff. Of course when Hogan and Bischoff were gone, TNA looked like WCW towards the end of its run. With a bit more experience under his belt, I think Jarrett could make GFW eventually what TNA used to be.

The problem, and I can understand it, is that as the guy who founded TNA, the company still has to mean something to him that others cannot really relate to. So, I can understand that Jarrett would likely want it back and to keep it from dying. But the best thing this man did for himself was leave that place and he really needs to keep his distance and work on GFW solely. It's not always easy starting out new, but it's sometimes necessary to cut ties with something that will drag you down.
Also it'd be a good idea if he didn't hire Russo again.
 
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Snowman

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Think we can understand Jarrett's point of view with how he created a wrestling promotion and watched it turn into such a mess. Making the step to start a business takes a lot of love for it and a whole lot of effort and all of that...

But really, they went from "Wrestling Boom? Sounds like Jeff may have a few cool ideas up his sleeve..." to "Lol second TNA" in a month. Being on other sites and groups make it feel like GFW's beyond repair even when it's not.
Still, can you think of a better option to spread the word than what they did, Fox and Leo? (you probably can, seriously)

Also it'd be a good idea if he didn't hire Russo again.
Any way GFW just bans the use of email? :dawg:
 
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JacobFox

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Think we can understand Jarrett's point of view with how he created a wrestling promotion and watched it turn into such a mess. Making the step to start a business takes a lot of love for it and a whole lot of effort and all of that...

But really, they went from "Wrestling Boom? Sounds like Jeff may have a few cool ideas up his sleeve..." to "Lol second TNA" in a month. Being on other sites and groups make it feel like GFW's beyond repair even when it's not.
Still, can you think of a better option to spread the word than what they did, Fox and Leo? (you probably can, seriously)


Any way GFW just bans the use of email? :dawg:
Honestly, I don't really care that he is modeling GFW after TNA. If he models it after the way TNA was before Hogan and Bischoff came along, I'm all for it. He's a promoter. Like an author or a singer, there's going to be a certain consistency in his work. A few of the GFW groups I post on pretty much expected it from the beginning to be like TNA was... using the six sided ring, many of the same wrestlers, similar business structure. None of that bothers me because if I end up getting a product like TNA between 2006 and 2009, I will be happy.

My impression is that Jarrett is using the same model as TNA to accentuate the differences in what he did with TNA as compared to what Dixie, Hogan and Bischoff did with it. I have always thought that would be the case. It may have worked too, if he didn't get involved in this whole invasion angle.

People have been saying GFW is beyond repair or a failure since Jarrett announced it. They said the same things about TNA when it started. Mere weeks after GFW was announced, the majority of people on my groups just started their bitching about "Why isn't it here yet?" and now "Why don't they have a TV deal?" and it's been non stop bitching for the entire time period. I just tuned them out at this point. I think GFW could stand a good chance despite all of that, this dalliance with TNA, however, I just don't know.
 

Roadster

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Rumors are back folks.

There's a lot more concern for TNA's future with Destination America now that we're into September with no word from the network or their parent company Discovery, or TNA, about the status of Impact Wrestling after this month. We noted a few months back that an internal memo revealed Discovery was using their first-year out clause and canceling the multi-year deal with TNA. At the time it was stated the issues were due to programming costs and how hard it was to sell advertising time, not the ratings. However, the ratings haven't really improved, even with the move to Wednesday nights.

TNA officials insist that they major announcements coming, according to PWInsider, but nobody who's talking in TNA knows for sure if they will still be on Destination America after this month. Also, there has been no announcement for October TNA TV tapings.

When TNA signed the deal with Discovery, one of the points of the deal was Discovery would be able to syndicate Impact Wrestling in any market where TNA didn't already have a TV deal. Another bad sign for the company is Impact was being pulled from Discovery en Espanol, which aired Impact replays in Spanish on Saturdays. The show has also been pulled from Discovery Romania and Eurosports Finland, which is owned by Discovery.
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Hopefully they get canceled and signed to a network the majority of Americans have.
 

CFCrusader

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If TNA can get on a network that will actually be 100% behind them, I'm sure they can bounce back. More live events this year on the Road to BFG, some of the young talents are thriving (EC3, The Wolves, Spud) and with no drama surrounding their shows, they can actually keep retaining more big stars and hopefully do 4 big PPVs a year.
 

Stopspot

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If TNA can get on a network that will actually be 100% behind them, I'm sure they can bounce back. More live events this year on the Road to BFG, some of the young talents are thriving (EC3, The Wolves, Spud) and with no drama surrounding their shows, they can actually keep retaining more big stars and hopefully do 4 big PPVs a year.
TNA are supposed to be out of the PPV game post BFG. No one is buying them.
 

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