(Disclaimer: This post will make criticisms of TNAs approach to their business. This is not an attempt to belittle them; this is my analysis on what TNAs current position in professional wrestling means to the industry of professional wrestling. You may be tempted to justify an action is taking by mentioning something similar that the WWE did at another time. Just dont, if thats the way youre going with this, I promise you that you have missed the point.)
One of the most common theories about professional wrestling discussed on the internet is that the WWE requires competition in order to better themselves. It is the unspoken foundation of dozens of arguments on these boards, and one I am a firm believer in. The past hundred and fifty years of American capitalism have reinforced that competition between companies is the best way to provide the best opportunities for the consumer; when a company has control of its industry, it can set the terms of sale to their own benefit and the detriment of the consumer. Entertainment is somewhat different, as the cost of attendance doesnt vary too much in a monopoly situation (people can always find somewhere else to spend their entertainment dollars; its impossible to get control of everything that entertains people.) The basic premise, however, holds within niches of the industry. Think Darwinian theory: if an organism has no competition for survival, less fit members of that species are able to survive. (Think storylines here.) With competition for dollars in play, storylines are forced to get the most bang for the company in the time they are given. In terms of entertainment per minute, the shows are forced to improve in order to survive.
It is assumed by most people here that the professional wrestling industry will still be around in twenty years, and I dont doubt that it will exist. But in what form will professional wrestling exist? Professional wrestling faces threats to its business model that havent existed previously, and pressures from industries they were previously not in competition with. In this post (grab some coffee, its a long one) I will explain how the very future of professional wrestling depends on if TNA is successful today.
I. Changing Times: What Worked Yesterday
Its frequently stated on these boards that the popularity of wrestling is cyclical. This has proven true in the past, but it makes the faulty assumption that will be the case in the future. Professional wrestling today exists in a very different ecosystem then it did during previous boomtimes, during the mid-80s and late-90s. Two major factors which did not exist for professional wrestling have risen since the last boom period; the most major of which is the internet.
One of the worst cliches you hear about the internet is how its changed everything, but its a cliche because its true. People view their entertainment fundamentally different then they did in 1995. During the last wrestling boom period, spoilers were largely confined to e-mail lists and groups on AOL. They existed, but not in the broad sense where a wrestling fan would have to go out of their way to avoid them. There was a fixed time where you were entertained by wrestling; companies websites were not an extension of the entertainment, but served more as advertising for the television content. Now, people expect to be entertained differently. Not only do they want their 2-hour main shows, they want to be able to go on YouTube and watch matches. People are no longer told when they will be entertained by professional wrestling; people want their entertainment NOW. The WWE currently sets the standard here, but there is still a strong division between their television production and their website production. Material on the website doesnt enhance what a person sees on television, it is in addition to it. There is plenty of coverage of what happened on the television shows; there are additional features, such as trivia columns, Q+As with wrestlers in a kayfaybe off-camera sense, and the like. They run two television programs online, which is essentially just moving one form of media to another. TNA, on the other hand, has a website. It appears to be in the process of appearing different, but the approach to how TNA uses the internet does not appear to be changing.
Both companies are using the internet in a 1990s fashion, in a 2011 world. For professional wrestling to thrive again, they will have to figure out a way to further integrate the internet into the basics of their business.
II. Changing Times: The UFC
Another major change since the last professional wrestling boom period has been the proliferation of media outlets. In the 1990s, fans had maybe 50 channels to choose from; now, they have hundreds, in addition to the internet. From these dark recesses of evolution came the second major change to professional wrestlings ecosystem since the 1990s- the UFC.
Make no mistake about it; professional wrestling and UFC are in competition. They are not merely in competition for PPV dollars from fans who are deciding between whether to buy Over the Limit or UFC 131, and cant afford both; they are in a competition for future viewers. This is at the root of the WWEs change to an entertainment company. Its not entirely about movies. Everyone knows that professional wrestling is staged, even before they start watching it. However, the options for viewing actual fighting during the 1990s were limited mostly to boxing and hockey. Boxing is layered in rules and technicalities, so there was plenty of room to promote yourself as fighting, with fans not having many other places to turn to for a competitive violence fix. Now, a person who could become a professional wrestling fan can instead find actual competitive violence easily. Are they the same forms of entertainment? Not at all. But after being exposed to real fighting first, can someone who hasnt previously watched professional wrestling be able to take it seriously? The most important competition between professional wrestling and MMA is for the viewers of the future.
III. The WWE Cant Do It Alone
People frequently point to the WWE as a model of success, and within the professional wrestling industry, they are the standard bearers. What people dont talk about often is how the WWE is on a continuing downward trend. Ratings are slipping; attendance at US house shows is down. While the WWE continues to expand globally, their main focus must continue to be the United States; newer fans are notoriously fickle. Is someone more likely to lose interest in something after a year, or after theyve been involved with it for several?
The WWE can innovate, to a degree. While I feel they could be doing a lot more with the internet, no other wrestling company is doing better. What the WWE is unwilling to do is take major risks anymore without a threat pushing them to it. This isnt a bad thing short term, but is very dangerous long term. Media, which is just a fancy catch-all word for how we communicate, changes very quickly, and a company that isnt willing to experiment, or at least rip off ideas from other companies in their field, will find itself unprepared against future threats.
As its frequently said, the WWE needs a strong TNA, in order to scare them into making bold moves as the industry leader. There are plenty of reasons not to experiment in the absence of a threat, number one of which is shareholder reaction, which is notorious for smothering innovative ideas in the cradle. TNA, as the second place company, and a distant one, privately owned at that, has the leeway available to them to experiment around. Copying methods used fifteen years ago to get viewers isnt working today; TNA will need to innovate to catch up to the WWE, and the WWE will both innovate their own ideas and steal the ones working for TNA- to the benefit of wrestling as an entertainment form in the future media market.
The WWE doesnt need TNA to survive in the future, but if they dont want to be doomed to a long, slow decline as an entertainment form, they do need strong competition to motivate them to try new ideas. No company is better positioned than TNA to do so. By being unafraid to take risks despite the very real possibility of failure, TNA can begin to set the terms on which the professional wrestling rivalry is fought on- to the benefit of everyone.
One of the most common theories about professional wrestling discussed on the internet is that the WWE requires competition in order to better themselves. It is the unspoken foundation of dozens of arguments on these boards, and one I am a firm believer in. The past hundred and fifty years of American capitalism have reinforced that competition between companies is the best way to provide the best opportunities for the consumer; when a company has control of its industry, it can set the terms of sale to their own benefit and the detriment of the consumer. Entertainment is somewhat different, as the cost of attendance doesnt vary too much in a monopoly situation (people can always find somewhere else to spend their entertainment dollars; its impossible to get control of everything that entertains people.) The basic premise, however, holds within niches of the industry. Think Darwinian theory: if an organism has no competition for survival, less fit members of that species are able to survive. (Think storylines here.) With competition for dollars in play, storylines are forced to get the most bang for the company in the time they are given. In terms of entertainment per minute, the shows are forced to improve in order to survive.
It is assumed by most people here that the professional wrestling industry will still be around in twenty years, and I dont doubt that it will exist. But in what form will professional wrestling exist? Professional wrestling faces threats to its business model that havent existed previously, and pressures from industries they were previously not in competition with. In this post (grab some coffee, its a long one) I will explain how the very future of professional wrestling depends on if TNA is successful today.
I. Changing Times: What Worked Yesterday
Its frequently stated on these boards that the popularity of wrestling is cyclical. This has proven true in the past, but it makes the faulty assumption that will be the case in the future. Professional wrestling today exists in a very different ecosystem then it did during previous boomtimes, during the mid-80s and late-90s. Two major factors which did not exist for professional wrestling have risen since the last boom period; the most major of which is the internet.
One of the worst cliches you hear about the internet is how its changed everything, but its a cliche because its true. People view their entertainment fundamentally different then they did in 1995. During the last wrestling boom period, spoilers were largely confined to e-mail lists and groups on AOL. They existed, but not in the broad sense where a wrestling fan would have to go out of their way to avoid them. There was a fixed time where you were entertained by wrestling; companies websites were not an extension of the entertainment, but served more as advertising for the television content. Now, people expect to be entertained differently. Not only do they want their 2-hour main shows, they want to be able to go on YouTube and watch matches. People are no longer told when they will be entertained by professional wrestling; people want their entertainment NOW. The WWE currently sets the standard here, but there is still a strong division between their television production and their website production. Material on the website doesnt enhance what a person sees on television, it is in addition to it. There is plenty of coverage of what happened on the television shows; there are additional features, such as trivia columns, Q+As with wrestlers in a kayfaybe off-camera sense, and the like. They run two television programs online, which is essentially just moving one form of media to another. TNA, on the other hand, has a website. It appears to be in the process of appearing different, but the approach to how TNA uses the internet does not appear to be changing.
Both companies are using the internet in a 1990s fashion, in a 2011 world. For professional wrestling to thrive again, they will have to figure out a way to further integrate the internet into the basics of their business.
II. Changing Times: The UFC
Another major change since the last professional wrestling boom period has been the proliferation of media outlets. In the 1990s, fans had maybe 50 channels to choose from; now, they have hundreds, in addition to the internet. From these dark recesses of evolution came the second major change to professional wrestlings ecosystem since the 1990s- the UFC.
Make no mistake about it; professional wrestling and UFC are in competition. They are not merely in competition for PPV dollars from fans who are deciding between whether to buy Over the Limit or UFC 131, and cant afford both; they are in a competition for future viewers. This is at the root of the WWEs change to an entertainment company. Its not entirely about movies. Everyone knows that professional wrestling is staged, even before they start watching it. However, the options for viewing actual fighting during the 1990s were limited mostly to boxing and hockey. Boxing is layered in rules and technicalities, so there was plenty of room to promote yourself as fighting, with fans not having many other places to turn to for a competitive violence fix. Now, a person who could become a professional wrestling fan can instead find actual competitive violence easily. Are they the same forms of entertainment? Not at all. But after being exposed to real fighting first, can someone who hasnt previously watched professional wrestling be able to take it seriously? The most important competition between professional wrestling and MMA is for the viewers of the future.
III. The WWE Cant Do It Alone
People frequently point to the WWE as a model of success, and within the professional wrestling industry, they are the standard bearers. What people dont talk about often is how the WWE is on a continuing downward trend. Ratings are slipping; attendance at US house shows is down. While the WWE continues to expand globally, their main focus must continue to be the United States; newer fans are notoriously fickle. Is someone more likely to lose interest in something after a year, or after theyve been involved with it for several?
The WWE can innovate, to a degree. While I feel they could be doing a lot more with the internet, no other wrestling company is doing better. What the WWE is unwilling to do is take major risks anymore without a threat pushing them to it. This isnt a bad thing short term, but is very dangerous long term. Media, which is just a fancy catch-all word for how we communicate, changes very quickly, and a company that isnt willing to experiment, or at least rip off ideas from other companies in their field, will find itself unprepared against future threats.
As its frequently said, the WWE needs a strong TNA, in order to scare them into making bold moves as the industry leader. There are plenty of reasons not to experiment in the absence of a threat, number one of which is shareholder reaction, which is notorious for smothering innovative ideas in the cradle. TNA, as the second place company, and a distant one, privately owned at that, has the leeway available to them to experiment around. Copying methods used fifteen years ago to get viewers isnt working today; TNA will need to innovate to catch up to the WWE, and the WWE will both innovate their own ideas and steal the ones working for TNA- to the benefit of wrestling as an entertainment form in the future media market.
The WWE doesnt need TNA to survive in the future, but if they dont want to be doomed to a long, slow decline as an entertainment form, they do need strong competition to motivate them to try new ideas. No company is better positioned than TNA to do so. By being unafraid to take risks despite the very real possibility of failure, TNA can begin to set the terms on which the professional wrestling rivalry is fought on- to the benefit of everyone.