Is Impact Wrestling Going Out of Business?By Coder| August 30, 2023 Wrestling Is Impact Wrestling Going Out of Business? Impact Wrestling, formerly known as TNA (Total Nonstop Action), has had its fair share of ups and downs over the years. The professional wrestling promotion, founded in 2002, has faced numerous financial challenges and changes in ownership. This has led to rumors and speculations about its future, with many wondering if Impact Wrestling is on the verge of going out of business. The History of Impact Wrestling Impact Wrestling started as an alternative to WWE (World Wrestling Entertainment) and quickly gained a loyal fan base. It showcased a mix of high-flying acrobatics, technical wrestling, and compelling storylines that appealed to a niche audience. However, financial issues plagued the company throughout its existence. In 2017, Anthem Sports & Entertainment acquired majority ownership of the promotion and rebranded it as Impact Wrestling. Under new management, there were hopes for stability and growth. However, challenges persisted. Financial Struggles The wrestling industry is highly competitive, and running a successful promotion requires significant financial resources. Impact Wrestling has faced difficulties in securing stable revenue streams. They have struggled to secure lucrative television deals compared to their competitors. Additionally, the departure of key talents such as AJ Styles, Samoa Joe, and Bobby Roode impacted both their roster strength and mainstream appeal. These departures led to a decline in ratings and attendance figures. Management Changes Another factor contributing to the uncertainty surrounding Impact Wrestling’s future is frequent changes in management. Different leadership styles and visions have made it challenging for the promotion to establish a clear direction. However, it’s worth noting that recent years have seen some positive developments for Impact Wrestling. They have managed to rebuild their roster with fresh, talented wrestlers. The promotion has also expanded its reach by partnering with other organizations, such as AEW (All Elite Wrestling), to create crossover events. The Road Ahead While the future of Impact Wrestling remains uncertain, it is essential to consider the steps they are taking to stay afloat. The promotion has been proactive in exploring new revenue streams and building partnerships to increase their exposure. In conclusion, while Impact Wrestling has faced financial struggles and management changes, it would be premature to declare that they are going out of business. The promotion continues to produce content, engage with fans, and adapt to the ever-changing wrestling landscape. Only time will tell if Impact Wrestling can overcome its challenges and establish itself as a strong competitor in the industry once again.
