As Ring Of Honor begins to scale back its business, recent reports suggest its back catalog of video footage is for sale to ‘the highest bidder.’
As we previously reported, Ring Of Honor recently released its entire roster as it begins to scale down its business ahead of an announced revamp next year, but if recent reports are accurate, the company is also selling off one of its most valuable assets — its coveted tape library.
Justin Barrasso of Sports Illustrated reports that ROH’s back catalog of Sinclair-owned video footage from 2012 onwards has been available to the ‘highest bidder’ for over a year. It is believed that ROH is expecting to receive more than market value for the library, although how the market value of pro wrestling footage was determined was not disclosed.
No doubt both AEW and WWE will be attempting to acquire ROH’s library, but only time will tell who wins out. Interestingly, AEW announcer Tony Schiavone recently said that he expects AEW to launch its own streaming service at some point. “I think we’re going to see a streaming service — This is my thought, I don’t know anything for sure. Just by talking to people, I think there’s going to be a streaming service by the end of 2022,” Schiavone said on the most recent edition of Ask Tony Live!. “So I think it’s going to come up very, very soon,” he added.
Ring of Honor was founded by Rob Feinstein in 2002 but was owned by Cary Silkin from 2004 until 2011. In 2011, the company was purchased by Sinclair Broadcast Group. From its inception, ROH was home to some of the most exciting independent talents in the United States. Huge stars like Samoa Joe, CM Punk, Bryan Danielson, Kevin Owens, Sami Zayn, and Seth Rollins cut their teeth in the promotion.
At the beginning of the Covid-19 pandemic, Ring Of Honor ceased operations and canceled all of its upcoming shows, though it continued to pay its talent. The company resumed operations in August of 2020 but has struggled to regain momentum.
On Wednesday, October 27, ROH announced that its upcoming Final Battle event would be its last show for some time as it needs to alter its business strategy moving forward.