Is TNA Wrestling Still in Business?

Professional wrestling has always been a popular form of entertainment, captivating audiences with its high-flying moves, intense rivalries, and larger-than-life personalities. One promotion that has made waves in the industry is Total Nonstop Action (TNA) Wrestling. However, there have been rumors circulating about the company’s financial troubles and its future in the wrestling world.

The Rise of TNA Wrestling

TNA Wrestling was founded in 2002 by Jeff Jarrett and his father Jerry Jarrett. The promotion aimed to provide an alternative to established wrestling organizations like WWE, offering a mix of athleticism, storytelling, and innovative match types. TNA quickly gained a loyal fanbase and became known for its X-Division, which showcased fast-paced and high-risk wrestling.

Despite facing fierce competition from WWE, TNA managed to secure television deals with major networks like Fox Sports Net and Spike TV. This exposure allowed them to reach a wider audience and compete on a global scale.

The Financial Struggles

In recent years, TNA Wrestling has faced several financial challenges that have cast doubt on its future. The company has experienced issues with payment delays to talent, production crew, and even lawsuits from former employees.

Moreover, TNA’s TV ratings have declined significantly over time. This decline in viewership led to their departure from Spike TV in 2014 after more than eight years on the network. They subsequently secured a deal with Destination America but were later dropped due to low ratings again.

The Arrival of Anthem Sports & Entertainment

In early 2017, Anthem Sports & Entertainment acquired majority control of TNA Wrestling after providing financial assistance during its most challenging times. Under the new ownership, the promotion was rebranded as Impact Wrestling, signaling a fresh start and a renewed commitment to success.

With Anthem’s backing, Impact Wrestling secured a new television deal with Pop TV, allowing them to continue showcasing their unique brand of wrestling to fans worldwide.

The Present and Future

Today, Impact Wrestling continues to produce weekly shows and pay-per-view events, featuring a mix of established stars and emerging talent. The promotion has also expanded its reach through partnerships with international promotions, further solidifying its place in the global wrestling scene.

While TNA Wrestling faced significant challenges in the past, it has managed to weather the storm and reinvent itself as Impact Wrestling under new ownership. With renewed focus and investment, the future looks promising for this once-troubled promotion.

In conclusion,

TNA Wrestling is still in business but now operates under the name Impact Wrestling. Despite facing financial struggles and declining TV ratings, the company has managed to bounce back with support from Anthem Sports & Entertainment. With their continued dedication to providing exciting wrestling content, it is clear that Impact Wrestling is determined to stay relevant and thrive in the ever-evolving world of professional wrestling.