iammarkingout

From PWInsider:

– Billy Corgan’s plan to buy the National Wrestling Alliance may have a serious bump in the road. PWInsider reports that the deal is “in jeopardy” according to multiple sources due to issues surrounding the transfer of the promotion’s existing copyrights and trademarks.

According to the site, the copyright and trademarks on the brand name lapsed last year. Bruce Tharpe’s International Wrestling Corp, LLC, which bought the NWA in 2012, re-applied for the trademarks on March 30th. The application has yet to be officially approved, meaning that it isn’t possible for them to be transferred to Corgan. Corgan has been in the process of buying the company from Tharpe including the name, rights and trademarks along with as the NWA Championship title belt, Tharpe’s stake in the NWA on Demand VOD service and licensing of the Paul Boesch wrestling library.

If the deal somehow does not go through, the future of the NWA is unknown although Tharpe would very possible continue the On Demand service as well as licensing the NWA brand name out to indy promoters. Corgan and Dave Lagana have been seeking to establish relationships with promotions which have licensed the NWA name

Did the boxing happen at Fusion Nightclub last night? 

This whole thing is a shambles. Why didn't he just agree to give the profits to the charity? Instead there is a shit feeling about this whole event.

I have been listening to the New Blood Rising podcast that documents the 'Russo era' of WCW from his original move and I believe they are going all the way to the end of the company.

 

Really enjoy these episodes and enjoyed recapping the WCW reboot Nitro in their recent podcast

Its in a really tough situation.

 

The days of Panda throwing money at it to make it work are certainly over, the network they are on doesn't even want them ALREADY and in their existence they have failed to create a brand that has the real ability to tour except for some dates in the UK!

 

Where do you go from here?

 

How much is TNA really worth? Whilst the library is extensive what financial return could you get on it?

 

I can't see WWE buying the library, Jeff surely is too far down the line with GFW to think about buying it back so who does it leave?