Who owns impact wrestling

They have always been making sure the people enjoy every show they put out and getting superstars they love and present them to the audience. The people working in WCW migrated towards WWE, and some of them, due to the turmoil between both of the companies, remained jobless.

The company was an instant success due to the involvement of the NWA name. The NWA is a very old acronym, and legends from that wrestling alliance have become world-famous.

After a few years of its release, TNA became a household name due to a wide variety of talent and custom matches that were interesting to watch and a breath of fresh air.

WWE was dominating the market, leading the people in TNA to come up with something that would blow the people away and possibly, make the users migrate from one place to the other. But behind the scenes, the company was far lesser known than WWE, so it needed financial backing.

Jeff Jarret managed to secure a loan, and finally, the first episode for the company aired somewhere around the late s. It was produced in Universal Fox Studios in Soundstage 21 and featured a 6 sided ring, seen for the first time in professional wrestling except for Mexican styles of wrestling.

After making the transition to cable TV, the partnership with Fox continued until the first pay-per-view, Victory Road. They lost their cable deal with Fox Sports in This skyrocketed the ratings due to people seeing many familiar faces, and it gave TNA its first game deal. In August , live-events coordinator Craig Jenkins stated that TNA intended to stage eight pay-per-views and 96 house shows outside Orlando, Florida in Soundstage 19 was only a temporary venue for the tapings.

Throughout its history, TNA has worked with several international wrestling promotions, with championships from those promotions sometimes having been defended at TNA events. Since its origin, TNA has featured a high-flying, high risk style of wrestling known as its X Division. Rather than emphasizing the fact that most wrestlers who perform this style are under lb kg by calling it a cruiserweight division, TNA decided to emphasize the high risk nature of the moves that these wrestlers perform, removing all restraints on its wrestlers, allowing them to perform almost stunt like wrestling moves.

Originally, there was no weight limit on the X Division or its title, though in practice, most of the wrestlers in this division have been cruiserweights, with Samoa Joe, billed at lb kg , Kurt Angle , billed at lb kg , and Abyss, billed at lb kg , being notable exceptions. To further emphasize this point, the slogan "It's not about weight limits, it's about no limits" was used to describe the division. Although it was de-emphasized throughout , the X Division is generally regarded as one of the key attractions of TNA and was replicated in several other promotions.

In August , a lb kg weight limit was introduced. This was quietly repealed in March Changes introduced in March , including a weight limit of lbs. From the promotion's first show in June until June , TNA used a standard four-sided wrestling ring. TNA used the six-sided ring until A fan-voted poll to determine what type of ring the company would use was held June 17—25, , favored the six-sided ring. Many TNA wrestlers perform regularly for various promotions on the independent circuit in addition to TNA's weekly shows.

In , TNA changed policy, preventing its talent from appearing at any independent events that are later released on DVD. This, however, was later altered due to the lack of TNA shows in late , and many TNA stars appeared at indy events, but were not allowed to appear on any TV or pay-per-view tapings. TNA wrestlers are classified as independent contractors and are not entitled to form workers' unions or employer health coverage.

WWE had bought up all the competition -- namely WCW and ECW -- effectively becoming the only game in town when it came to nationally televised professional wrestling. This would not work out, thanks to poor buyrates, and things would get worse by Fall as HealthSouth would cease their funding amid a financial scandal.

Carter sold her parents on backing TNA, so Panda bought a majority stake in the company. After about a decade and a number of ups in downs in the televised product, in Panda divested its stake in the company, with Dixie Carter herself buying that stake so she alone could be majority shareholder. Anthem has owned the licensing rights to TNA's lucrative video library for several years. Corgan joined TNA in and took over the creative control of the wrestling company last year.

Corgan, who has since left the company, sued TNA in Nashville court as a legal maneuver to collect on loans he gave the company and in a dramatic attempt to wrestle away control. Corgan's lawsuit failed and he later settled with Anthem. The company has also been a launching pad for future WWE stars including current champion A.