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-   -   Impact is Officially a Canadian Company; Will Produce Shows Across Canada (http://forums.wrestlezone.com/showthread.php?t=338749)

It's Damn Real! 11-10-2017 03:57 PM

Impact is Officially a Canadian Company; Will Produce Shows Across Canada
 
@RevampedWrestle: Jeremy Borash just announced that IMPACT WRESTLING is now a Canadian based company and they will be producing more shows in Canada 🍁 #IMPACTonPOP

You can also watch the video of this announcement here: https://twitter.com/RevampedWrestle/...ased-in-canada

--

This should come as a shock to no one, unless you've been utterly ignorant to the company since Anthem purchased them. This has been a widely speculated announcement for months, given Anthem is based in Toronto.

Of course, there are both pros and cons to this. While leaving Orlando is in and of itself a good thing, it's not without it's downside, given the constant ability to fill their audience with park-goers at Universal Studios who had already paid for entrance to the park. With the company now moving to Canada, they'll actually have to work to earn their live audience, which didn't go over so smoothly for the post-BFG tapings in Ottawa. But this is a great first step toward truly healing/reinventing the incredibly damaged brand.

Starkist 11-10-2017 05:36 PM

Hopefully they stick with one name too. Too many name changes and now since they left Orlando, it hopefully wont have that amusement park feel to it.

wrestlingmasters55 11-10-2017 05:47 PM

The big problem with this is that now, they will have to get more Canadian wrestlers because it's going to be harder for American performer or pretty much anybody foreign to come in and work full time for the company since we have stricter boarder laws then in the U.S.

Also while they might get a tax break for doing their tapings in canada, it's not like they have made money off this week's taping. Sure the PPV was sold out but the rest of the tapings we're pretty much free tickets with a really small percentage of fans actually paying to get in. So if this continue to be the trend, they might go bankrupt pretty quickly and this might affect even more their others venture like The Fight Network and game TV.

In the end, i wish them all the best because they still have a couple of great talent on the roster and i don't want them to lose their job over this risk that they are taking right now but in this rate with what they are doing right now, i feel that this might be their last chance to be relevant. It's do or die for IMPACT right now, if they don't succeed their done.

It's Damn Real! 11-10-2017 05:52 PM

Indeed, but one would hope that they recognized that the first attempt at establishing a new home away from Orlando wouldn't be a grand slam — that there were bound to be growing pains.

The real key here will be the second and/or third tapings. If by that point they are still struggling to fill their audience with paid attendance, Anthem would likely have all the evidence they need to pull the plug.

johnbragg 11-10-2017 06:49 PM

Just want to point out that this might be complete BS.

The video clip doesn't say what the tweet says it says.

Borash says "This may have been our first Impact in Ottawa, but I can tell you it's not going to be our last Impact in Ottawa."

So, on the one hand, let's tap the brakes.

On the other hand, we could speculate wildly. LEt's do that. Anthem HQ is in Toronto. Canada has historically been a big market for pro wrestling--ask the HArts and Jack Tunney. Apparently tax breaks for "Canadian content" are a thing.

Getting out of Universal Studios has a lot to recommend it. On the other hand, this week we saw the challenges of taping marathons anywhere else--paying fans is pretty embarrassing, and I don't know if that's sustainable.

So they gotta go somewhere, might as well be Canada.

klunderbunker 11-10-2017 06:55 PM

The crowds are going to be a major, major issue. You're simply not going to get large crowds to show up for long form TV tapings to what is a glorified indy company. WWE can barely do it two nights a week and you're asking TNA to do it five nights a week? That's unrealistic at best.

The other problem is you can only write off the small crowds for so long anymore. When you had 500 or however many people showing up in Orlando, at least they might buy something while they're there, which might have at least given TNA a few dollars. Now though, if they're only drawing in 100-150 or so to these tapings, how much money can they be bringing in? Back in Orlando you could at least point to the amount of people, but now it's "well we had 103 paying fans". That's not something you can really spin in a positive way, especially if you're paying actors to fill in more of the seats.

I get why they left Orlando, but this company really hasn't shown the ability to draw paying fans anywhere (outside of the UK that is) and I'm not sure I see that changing anytime soon.

johnbragg 11-10-2017 07:00 PM

Quote:

Originally Posted by wrestlingmasters55 (Post 5760963)
Also while they might get a tax break for doing their tapings in canada, it's not like they have made money off this week's taping. Sure the PPV was sold out but the rest of the tapings we're pretty much free tickets with a really small percentage of fans actually paying to get in. So if this continue to be the trend, they might go bankrupt pretty quickly and this might affect even more their others venture like The Fight Network and game TV.

The Indian TV deal with SonySix should be enough to keep the company in existence, if the media reports are accurate.

I have no idea how credible the India Times is or how susceptible they are to being "worked" by shady carnies like pro wrestling promoters. It's possible that the "$60 million" doesn't really turn out to be nearly that much in actual cash money paid to TNA. It could include the dollar (or rupee) value of ads for TNA/Impact on Sony Six and related channels, it definitely includes Sony Six's part of the costs of touring and taping in India once a year. It could also be heavily back-loaded, with a big chunk of the money only payable under unlikely circumstances.

I learned from something looking at the death of WCW that the $80-100M Fusient deal was mostly smoke and mirrors--money only payable to Time Warner if WCW increased in value to be comparable to WWF, dollar values placed on TNT/TBS ad space for other programming. Also Fusient assuming various debts connected to WCW.

wrestlingmasters55 11-10-2017 08:51 PM

Quote:

Originally Posted by johnbragg (Post 5760981)
The Indian TV deal with SonySix should be enough to keep the company in existence, if the media reports are accurate.

I have no idea how credible the India Times is or how susceptible they are to being "worked" by shady carnies like pro wrestling promoters. It's possible that the "$60 million" doesn't really turn out to be nearly that much in actual cash money paid to TNA. It could include the dollar (or rupee) value of ads for TNA/Impact on Sony Six and related channels, it definitely includes Sony Six's part of the costs of touring and taping in India once a year. It could also be heavily back-loaded, with a big chunk of the money only payable under unlikely circumstances.

I learned from something looking at the death of WCW that the $80-100M Fusient deal was mostly smoke and mirrors--money only payable to Time Warner if WCW increased in value to be comparable to WWF, dollar values placed on TNT/TBS ad space for other programming. Also Fusient assuming various debts connected to WCW.

But you look at where anthem as a company is right now, they had to do cut back at the fight network just so they could pay for this week's tv tapings. The fact they cancelled Live audio wrestling and fired everybody that was involved in the show is a sign that anthem is in major financial problems right now. I'm not saying that this will be a failure but right now they need some sort of profit to turn up those tours quickly because they are out of money and it's affecting other property of anthem. They might had the some sort of deal with India, but that money is long gone right now and they can't continue doing 100 paying guest per tapings.

johnbragg 11-10-2017 10:00 PM

Quote:

Originally Posted by wrestlingmasters55 (Post 5761003)
But you look at where anthem as a company is right now, they had to do cut back at the fight network just so they could pay for this week's tv tapings. The fact they cancelled Live audio wrestling and fired everybody that was involved in the show is a sign that anthem is in major financial problems right now. I'm not saying that this will be a failure but right now they need some sort of profit to turn up those tours quickly because they are out of money and it's affecting other property of anthem. They might had the some sort of deal with India, but that money is long gone right now and they can't continue doing 100 paying guest per tapings.

Lost my last post, but the point is it's not that much money. Say they have to pay 100 fans for half their shows. They need 26 shows to tape Impact and Xplosion every week, plus 12 more for the PPVs. That's 38, half of that is 19. 19 * 100 * 75 = $142,500. They should be able to cover that.

You're right about LAW, and the other pre-fight shows that got killed--that's really concerning. We don't know how much money it takes to run TNA/Impact. But they needed $1.8M from Corgan to tape in June and August, basically 4 months of TV. So around $5-6M to run Impact for a year. IF the India deal is $7.5M per year, then that should be enough to run Impact. Since Impact is draining money from Anthem, I suspect the India deal is a lot less than $7.5M. Maybe it's structured to pay a lot of the money at the end of the deal if certain things happen. Maybe a big chunk of the deal is running ads for TNA/Impact on SonySix and related channels.

So it's hard to see how Impact makes any real money.

yur_momma 11-11-2017 03:14 AM

this is just sad. just when you think tna is no longer able to ruin your wrestling fun, this happens. 18 years ive listened to them just to see it all end because of a shit wanna-be wrestling company that doesnt know it died 5 years ago (or more). so now fuck anthem and everything they do going forward. cant support a company who dumps everything so they can keep playing a vince mcmahon role playing game to feed their ego. they literally cut off their arms and legs with all the releases they made at fight network so they can keep playing with a deflated ball. makes no sense.


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