Last week, Billy Corgan described his purchase of The National Wrestling Alliance as "97%" done during an interview with yours truly, but that last three percent is turning out to be quite the hurdle to clear, PWInsider.com has learned.
Corgan has been in the process of purchasing the NWA from Bruce Tharpe with the deal including the name, rights,and trademarks to the NWA as well as the rights and possession of the NWA championship belt as well as Tharpe's position in the NWA on Demand VOD service as well as the Paul Boesch wrestling library. The actual ownership of the library remains with the Boesch family, as it had while Tharpe was utilizing it, but once the deal was to have been completed, Corgan would then have the same rights and responsibilities that had formerly applied to Tharpe.
Multiple sources have told PWInsider.com that the deal is described as "in jeopardy" due to issues regarding the transfer of the existing copyrights and trademarks for the National Wrestling Alliance.
PWInsider.com research indicates that the copyright and trademark on the brand name lapsed last year with his International Wrestling Corp, LLC applying for it again on March 30th of this year. The trademark has not been officially assigned, theoretically making it impossible for them to be transferred to Corgan.
Should the deal not go through, it remains to be seen what happens short and long term with the Alliance, although one would assume that Tharpe would continue on with the On Demand service and with licensing the name brand out annually to independent promoters interested in utilizing the NWA name.
In recent weeks, Dave Lagana, who has partnered with Corgan on their NWA plans, had been in regular contact with independent promotions that have licensed the NWA name from Tharpe, seeking to build relationships with the different licensees. Lagana posted a vlog today that he had been visiting with several of the licensees:
PWInsider.com has reached out to both Corgan and Tharpe for comment, but as of this writing, has not heard back.
What makes you think they can get a TV deal?There is something that could be done with the NWA. He could unify a lot of the indies and help to retain more talent by having a national TV deal. It might keep the WWE from stealing talent as much as they currently do.
Jax Dane, Rob Conway, Tokyo Monster, Kahagas, Rob Terry and Tim Storm.What exactly does Corgan have to compete with those companies? Who is his star? ?
Not sure if sarcastic or not but Jax Dane signed with Impact (who admittedly does allow Indy bookings with permission so he may be allowed) and Rob Terry is pretty terrible once you get past the initial look at him.Jax Dane, Rob Conway, Tokyo Monster, Kahagas, Rob Terry and Tim Storm.
A stacked line-up like that is sure to be a national juggernaut.
Jason Kincaid works with them sometimes and probably has the most upside but I expect him to sign with NXT, ROH, or Impact in the near future.
I was being sarcastic and I wasn't aware of Dane signing with Impact. Dane does have a lot of potential and could be a major star in the future.Not sure if sarcastic or not but Jax Dane signed with Impact (who admittedly does allow Indy bookings with permission so he may be allowed) and Rob Terry is pretty terrible once you get past the initial look at him.
What makes you think they can get a TV deal?
Impact is on a tiny network (Pop) that doesn't even pay them a fee -- they just do an ad revenue split -- and on an outlet owned by its parent company (Fight Nightwork)
Ring of Honor is mostly on channels and outlets owned by its parent company (Comet, Sinclair Stations, rohwrestling.com, etc) and a few random stragglers (Fight Network, Fite TV, etc).
Lucha Underground is on a tiny channel owned by one of its parent companies (El Rey) and doesn't air year round
NJPW is on AXS TV, and generally shows a months-old episode of NJPW's weekly highlight show dubbed over with English commentary and takes multiple extended breaks during the year.
That's what the combined might of the likes of Jeff Jarrett, Konnan, Bubba Ray Dudley, Jay Lethal, Christopher Daniels, Kazuchika Okada, Hiroshi Tanahashi, Eddie Edwards, Davey Richards, Bobby Lashley, Dalton Castle, the Briscoes, Kenny Omega, the Young Bucks, Tetsuya Naito, Pentagon Jr, Rey Mysterio Jr, Ricochet/Prince Puma, Ray Fenix, John Morrison, Cody Rhodes, War Machine, Marty Scurll, Will Ospreay, Alberto Del Rio, etc can bring to US TV outlets.
What exactly does Corgan have to compete with those companies? Who is his star? Why would companies who won't give ROH or Impact a major cable TV deal do the same for the NWA?
We were explicitly discussing a national TV deal, not an international one. I didn't mention Impact or ROH's international TV deals because they're not relevant to the discussion. The only reason I mentioned Fight Network is because a tiny amount of US cable providers do carry it, even though it's mostly a Canadian channel.TNA is on sonysix in india that pays them 7 million a year, and they are on spike tv in the uk that pays them, Esporte Interativo in brasil, South Africa Supersport 4.
The National Wrestling Alliance era under Billy Corgan's ownership will officially kick off on 10/1.
All of the member promotions who had licenses to use the NWA initials and branding under the company's Bruce Tharpe ownership will end the day before. Going forward as of 10/1, the NWA will be whatever it is deemed to be under Corgan and Dave Lagana's leadership.
As part of that transition, the NWA On Demand streaming service will be shutting down. This a by-product of Corgan's purchasing Tharpe's interest in the Paul Boesch Houston territory library. The ownership of the library still remains with the Boesch family but Corgan will have the ability to control the library going forward.
As part of the new regime, NWA champion Tim Storm appeared at last night's Championship Wrestling Hollywood taping in California, doing an angle where Nick Aldis confronted him. That is the first time the NWA title has been featured in CWH since Tharpe took ownership of the NWA organization. Marquez had formerly been a huge cheerleader for the NWA brand and title and had been the core promotion that built the Adam Pearce vs. Colt Cabana feud that was chronicled in the Seven Levels of Hate documentary.