Latest On How TNA Is Doing Financially

[EdwardKnoxII 0]

Latest On How TNA Is Doing Financially

 

How much longer will TNA last?

 

It appears that if NWA: TNA can maintain their current weekly PPV buyrate level and save money by having one PPV per month taped, they will be able to start cutting the massive losses they racked up during their first few months. Thus, if they maintain their buys and cut about $100,000 by having one taped PPV per month, they will basically be at the break even point. If they are breaking even, the promotion likely will be able to last. The problem is that most indications show interest going down in TNA's product, and it remains to be seen if a taped show every month (to which the spoilers will be available on the 'net) will be able to sustain a regular buyrate.

 

Credit: Wrestling Observer Newsletter

[Use Your Illusion 0]

Going.......going........

[DCMaximo 0]

Thing is, the taped PPV will need to be awesome. If people read the spoilers and see Konnan vs Shane Douglas or someancientwrestlerwhocanhardlymove vs Jeff Jarrett, then no-one will buy it. If they read the spoilers and see a great X Division match or someone like AJ or Raven winning the title (unlikely, I know) then the buyrate will be decent.

[Guest Dynamite Kido]

Thing is, the taped PPV will need to be awesome. If people read the spoilers and see Konnan vs Shane Douglas or someancientwrestlerwhocanhardlymove vs Jeff Jarrett, then no-one will buy it. If they read the spoilers and see a great X Division match or someone like AJ or Raven winning the title (unlikely, I know) then the buyrate will be decent.

Agreed 100%.....

[BoboBrazil 0]

Get rid of Dutch Mantel. The show went to shit when he came aboard. It is good to see that they will start breaking even though with 1 taped show a month.

[Guest TDinDC1112]

Going.......going........

still here

[JHawk 0]

Going.......going........

still here

But this report makes it official that they're on life support.

 

I hope they last, but without a major turnaround (and fast) they're hurting.

[Guest Man Of 1,004 Modes]

I wouldn't consider TNA in a terrible position. They were on its deathbed back in Sept. 2002 when they were paying fuckers like Scott Hall thousands of dollars per appearence and forced to cut down to almost nothing.

 

TNA should just do a few matches extra of just good, maybe long X-Division matches, put them on PPV, and maybe draw interest again.

 

They really should do that. TNA X-Division on InDemand once month.

[BoboBrazil 0]

The problem is Dutch Mantel doesn't give a fuck about the X division and never watched TNA before starting booking. He's used to booking shit like in IWA PR, which is the worst wrestling ever. How he drew huge crowds booking that shit I'll never know. Before Dutch came in TNA used to make up fresh angles and now they just do everything WWE is doing.

[Guest TDinDC1112]

Going.......going........

still here

But this report makes it official that they're on life support.

 

How so?

[Guest Salacious Crumb]

Going.......going........

still here

But this report makes it official that they're on life support.

 

I hope they last, but without a major turnaround (and fast) they're hurting.

The thing is, Panda gets tax breaks for having a company losing money. So as long as TNA isn't losing millions upong millions Panda will keep them.

[Silence 0]

Get rid of Dutch Mantel. The show went to shit when he came aboard.

TNA shows were already going to shit during Russo's booking, which started in Week 5 (a Low Ki/Red match just BARELY saved the show that night, and even that match wasn't as good as their ROH match). It's just that TNA's even worse now with Mantel and Jeff Jarrett having their way all the time.

[Guest nikowwf]

Losing money is losing money. People don't WANT to lose money or STRIVE to lose money. They try to time their losses at a time where it would offset revenue. So Panda may continue TNA cause they feel it will make money in the future, and they can handle the losses. But they will not continue it BECAUSE it loses money. Thats just wrong.

 

niko

[Guest Man Of 1,004 Modes]

Get rid of Dutch Mantel. The show went to shit when he came aboard.

TNA shows were already going to shit during Russo's booking, which started in Week 5 (a Low Ki/Red match just BARELY saved the show that night, and even that match wasn't as good as their ROH match). It's just that TNA's even worse now with Mantel and Jeff Jarrett having their way all the time.

Week 5...a show that happened 18 months ago when TNA was fighting to stay alive on it's own.

 

Russo's booking in 2003 may have been odd at times, but it drew in new viewers (or old ones who gave up) like me. TNA is the promotion where long buildups for EVERY feud is not good, and quick blow-offs are Russo's specialty. Mantel has too much of a hard on dragging feuds on and on, even midcard feuds. People won't pay for that. They want quick, new angles for the undercard, and good built up Main Events.

[Stephen Joseph 0]

The taxes point is very legitimate.

 

Trust me, I know...I work Antitrust research here for da gov.

[Guest Dynamite Kido]

So basically if no former WCW higher ups take over the company then they probably stay in business???

[Guest TDinDC1112]

Losing money is losing money. People don't WANT to lose money or STRIVE to lose money. They try to time their losses at a time where it would offset revenue. So Panda may continue TNA cause they feel it will make money in the future, and they can handle the losses. But they will not continue it BECAUSE it loses money. Thats just wrong.

 

niko

I'm not sure you 100% know what you're talking about here.

[The Ghost of bps21 0]

Large companies often own smaller companies that don't turn a profit for tax reasons. It's true.

 

Panda knew the situation when they bought TNA over a year ago. They lost more money at the beginning per week than they've lost since per week.

 

I have always thought that Panda views TNA as a project that could one day make money, which would be great...but as it's losing money...it's not the worst thing in the world.

 

That's the difference between private ownership with investors (MLW) and a large company owning it (TNA).

[Placebo Effect 0]

Get rid of Dutch Mantel. The show went to shit when he came aboard.

TNA shows were already going to shit during Russo's booking, which started in Week 5 (a Low Ki/Red match just BARELY saved the show that night, and even that match wasn't as good as their ROH match). It's just that TNA's even worse now with Mantel and Jeff Jarrett having their way all the time.

For one, Russo wasn't even booking TNA during week five.

 

Second, you're an idiot for making a comparison between week five, and what, week 75? God knows we've all lost count a while ago.

[Silence 0]

For one, Russo wasn't even booking TNA during week five.

 

Second, you're an idiot for making a comparison between week five, and what, week 75? God knows we've all lost count a while ago.

Week 4 was when TNA hired Russo, but Week 5 from what I read was when he officially started booking. If it wasn't Week 5, though, I'd like to know when he did start officially booking TNA.

 

As for the comparison, TNA's shows started to get inconsistent around Week 5 to the point that it became hit-or-miss for us to buy the shows anymore, which is the way it still is now, but even worse thanks to Dutch's slow-build booking. I'm aware that many of us have lost count of what Week number TNA's on anymore, though. It's just that I remember Week 5 (2002) being a disappointing show after TNA had started getting good reviews earlier (sans Hall-Jarrett borefest), which is why I brought it up.

[Chunk 0]

Get rid of Dutch Mantel. The show went to shit when he came aboard.

TNA shows were already going to shit during Russo's booking, which started in Week 5 (a Low Ki/Red match just BARELY saved the show that night, and even that match wasn't as good as their ROH match). It's just that TNA's even worse now with Mantel and Jeff Jarrett having their way all the time.

For one, Russo wasn't even booking TNA during week five.

 

Second, you're an idiot for making a comparison between week five, and what, week 75? God knows we've all lost count a while ago.

This week is week 83.

[Guest Man Of 1,004 Modes]

Get rid of Dutch Mantel. The show went to shit when he came aboard.

TNA shows were already going to shit during Russo's booking, which started in Week 5 (a Low Ki/Red match just BARELY saved the show that night, and even that match wasn't as good as their ROH match). It's just that TNA's even worse now with Mantel and Jeff Jarrett having their way all the time.

For one, Russo wasn't even booking TNA during week five.

 

Second, you're an idiot for making a comparison between week five, and what, week 75? God knows we've all lost count a while ago.

This week is week 83.

Wow, and everyone predicted TNA's death by Week 10.

[Guest nikowwf]

The losing asset would have to have some kind of future value, not just lose money indefinitely. That was my point. It sounds like LOSING money is an asset - and thats only true if its a paper loss. TNA is a cash loss, and a cash losing entity is only valuable if its going to make money in the future.

 

It sounds like people here are saying IT LOSES MONEY SO ITS VALUABLE AND CAN GO ON INDEFINITELY. Thats not true.

 

niko

[Guest Mosaicv2]

many of you posters here claim that TNA went down the toilet ever since the first anniversary show... I think when Mantel was brought in as head booker... TNA had stick their body right in the toliet water & were ready to flush themselves in the sewage

[JHawk 0]

Going.......going........

still here

But this report makes it official that they're on life support.

 

How so?

Read the report.

 

1. They're losing money.

2. People are losing interest in the product.

3. They're trying one pretaped show a month and aren't sure how it will affect buyrates.

 

If the pretaped shows can maintain the same buyrates they're used to getting (or even improve based off the spoiler reports), they'll probably be fine. But tax breaks or no tax breaks, at some point Panda Energy is going to cut their losses if the current trend continues.

 

The fact that I haven't seen one episode of TNA since August because the lineups haven't interested me in the least worries me. The fact that I can predict about 90% of the match winners after not seeing a show in six months makes me really worry about the potential profitability of the company.

[The Ghost of bps21 0]

They've always lost money.

 

That doesn't mean that Panda is ready to pull the plug.

 

I can't be the only person who read this and said "Wow...they have a plan to at least lose LESS money..."

 

Actually...of course I am. This folder has been having a going out of business party for TNA since week 8.

 

Well...Week 82 and counting.

[NoCalMike 0]

whatever happened to them getting a tv deal with WGN? was it bs?

[Michrome 0]

BPS, the situation is so clearly different now. For one, the product was fresh back then--there were good matches on the normal shows, something that doesn't happen anymore.

 

Before, people like Syxx2001 would sit here all night arguing in favor of TNA...now there's just apathy. For a while, there were huge OAO TNA threads...now maybe 1 or 2 people contribute, if ANY. Meltzer reports a huge dropoff in feedback too--they are clearly losing buyers.

 

Companies exist to make money. As soon as Panda realizes that this little venture will never make money, they will pull the plug.

[Silence 0]

1. They're losing money.

2. People are losing interest in the product.

3. They're trying one pretaped show a month and aren't sure how it will affect buyrates.

Not only that, but if anyone remembers, TNA also decided to get rid of the Heel Section, which made them lose even more fans.

[eirejmcmahon 0]

At least part of the heel section are back, though the only vocal fans they've really had (at the shows) this year have been the ones who came for the clowns.

 

They might find they can make more money by turning it from a wrestling show to a weekly two hour ICP skit show.