Tag: Billy Corgan

TNA President Billy Corgan Talks Trying To Buy TNA Impact Wrestling & Uncertainty Regarding It’s Future

Source: Busted Open  and WrestlingINC

TNA President and Smashing Pumpkins frontman Billy Corgan joined Busted Open with Doug Mortman and Larry Dallas and talked about trying to buy TNA Impact Wrestling, their relationship with PopTV and if the Bound For Glory will get on the air this weekend.

Corgan noted that he’s been trying to acquire a majority share of TNA. He said that the company has had a “for sale” sign for a long time, saying it could be argued that it’s had a “‘for sale’ sign it’s entire existence.” He said that he got involved when the company was having some issues and went on to take a bigger role over the past six months. He said that he wants to provide more details about why he’s doing what he’s doing, but he has legal obligations to not talk about things that would paint him in a more favorable light or to shed light on the complications of the issues at hand.

Corgan said that right now there are a lot of people at the table looking at the company.

“It’s reached a point where it’s going to have a transformational moment,” Corgan said. “Whatever’s going to happen this week or this weekend or whatever, is going to for sure – and this is not a wrestling angle – it is definitely going to change the direction of the company forever. Does that mean the company ends, does that mean the company begins a new era? Obviously I am very much on the side and very much invested that the company would continue.”

Corgan asked fans to consider all the talent that work for the company and the people who work behind the scenes whose futures are hanging in the balance. He said he’s working very hard to acquire a majority share of the company and to keep the company going forward to keep everybody working.

Corgan was asked what Pop TV’s commitment is to a new ownership group if he were to take over the company. Corgan said that while he was working on a new album in Los Angeles, he met with the President of Pop TV and the new Vice President of Programming of Pop TV, who gave him a very strong show of support of the company going forward under him. Corgan said that Pop TV are pleased with TNA’s growth and the social media reaction to the product.

As for whether Bound For Glory will happen this Sunday as scheduled, Corgan would not give a definitive yes, although he said that he was optimistic that a solution will get worked out by then. Corgan said that he had to step in at the “literally the last minute” for the last three rounds of tapings, so he’s used to being in this situation. He said that ultimately it’s not up to him, but he’s done everything he can to create a scenario to go forward. He said that he’s been the financer, and that he has no investors, so he’s committed and charging forward on his own initiative.

“Having been through this the last three rounds, I still remain very optimistic that come Sunday I will be standing in the ring putting over what’s about to happen,” Corgan said. “I will be in Orlando come rain or shine. I can’t speak for everybody else at this particular moment, but I will be in Orlando this Sunday.”

TNA Running Out Of Time To Make A Deal, WWE Back In Play On A Potential TNA Sale

Source: WrestlingINC

WrestlingINC has noted before that WWE has had interest in purchasing the TNA, mainly for the tape library, and that a real offer did exist but it was described as an option if no other parties purchase the company. Dave Meltzer noted on Wrestling Observer Radio today that WWE is back in the picture in regards to the sale. Dixie Carter is able to sell to whoever she wants to and apparently things have become very complicated.

TNA is running out of time and at last word, there was still no deal for Billy Corgan to purchase the company. Corgan needs to make a deal to fund this Sunday’s Bound For Glory pay-per-view and next week’s TV tapings. When Corgan talked to ESPN this week, he still talked like a deal could be weeks away but Meltzer noted that a deal needs to be made before Friday as it’s the last business day before Sunday’s pay-per-view.

While WWE would mainly want the TNA tape library, they would likely keep a few wrestlers but the company would be done.

Update:

Mike Johnson of PWInsider reports that he’s also heard more and more about Dixie Carter having talks with WWE about a potential sale over the last 5 days. It was noted this morning that the sale has become very complicated and Dixie can sell to whoever she wants to.

There’s still the chance that Billy Corgan can make a deal happen but even Johnson believes “the fuse on the TNA bomb is close to the end.” Johnson adds that something or someone is going to have to give soon and there’s no avoiding it.

Regardless of who becomes the new owners, it should be a very interesting week for TNA. Stay tuned to the site for the latest.

Billy Corgan declares He’s In Negotiations To Buy TNA

Some news coming out of Prowrestlingsheet.com  Billy Corgan who is currently the president of TNA took to his official Facebook posting a video, at the 3:50 mark the rock legend discusses the on going rumors of him buying the company. He says

“The source that’s behind this particular story is also the source that once said I couldn’t afford to buy the company [TNA]. Which is pretty funny, because I’m actively engaged now in trying to buy the company. I’m not saying I will buy the company. I’m saying I’m trying to buy the company.”

Corgan hopes to build the company from the buttom up and not just in creative. Do you find this news surprising? Let us know in the comments below.

Billy Corgan Named As New TNA Wrestling President, Dixie Carter Changes Company Role

Source: Pro Wrestling Sheet

Smashing Pumpkins singer Billy Corgan is the new President of TNA Wrestling, but his boss Dixie Carter isn’t leaving the company … in fact, she’ll still be his superior.

TNA officials announced Corgan’s new position Friday and the press release states that Carter, the current President, will become Chairman and Chief Strategy Officer of IMPACT.

The company explained, “As President, Billy Corgan will be responsible for leading day-to-day operations for IMPACT and its affiliated brands. As Chairman, Carter will focus on long-term planning, strategic partnerships and global growth.”

Last month it was reported that Billy had purchased a stake in TNA.  Our sources say that’s not accurate, however. We’re told he was simply promoted to a greater role within the company.

Dixie praised Corgan’s dedication to the company in the press release … saying, “In working with Billy over the last 16 months, he has impressed me to the point that I’ve been in discussions with him to take an elevated strategic leadership role within the company. The more we discussed our vision for the organization, the clearer it became that position needed to match his commitment.”

Backstage News On Billy Corgan & TNA, Dixie Carter Thanks Fans For Final Deletion Success

Source: WrestlingINC

Regarding Billy Corgan being TNA’s new minority owner, Wrestling Observer Newsletter reports that the Smashing Pumpkins frontman gave TNA money for their last set of TV tapings in exchange for a percentage of ownership, instead of a loan.

TNA has TV tapings at Universal Studios next week and then will return in mid-August. Those will be the final tapings before the September 11th Bound For Glory pay-per-view, which will also mark 15 years since the 9/11 terror attacks. As noted, a #1 contender for the World Heavyweight Champion at Bound For Glory will be determined via a “BFG Playoff” match featuring 8 former World Champions. That match will take place on the Thursday, July 21st Impact episode.

TNA and President Dixie Carter tweeted this graphic to thank fans for making “The Final Deletion” with Matt Hardy vs. Jeff Hardy a success. As noted, this week’s Impact Wrestling episode drew 410,000 viewers, a new record for TNA on POP TV.

Dixie Carter & Billy Corgan Reveal Plans For The TNA World Heavyweight Title

TNA President Dixie Carter and Billy Corgan addressed the TNA World Heavyweight Title situation and injunction storyline with Matt Hardy and EC3.

Dixie said she was ready to fight the injunction at all cost but after talking with Matt Hardy yesterday, she made the decision to accept Matt relinquishing the title.

There will be a “World Title Series” beginning tonight on Impact Wrestling, that will eventually crown a new champion. Corgan says they are confident this will give them the champion they need.

 

TNA Wrestling Issued Statement Regarding Cancellation Rumors, Billy Corgan Responds

Source: WrestlingINC.com

TNA Wrestling issued a statement regarding the rumors that Destination America is planning to cancel Impact Wrestling:

“It has come to our attention that several internet news sources have falsely attributed statements to TNA, its executives and broadcasting partner. These false statements constitute defamation and if necessary we will seek all legal remedies available to us.”

Wednesday, Wrestling Observer Newsletter reported that Destination America planned to cancel TNA Impact Wrestling, with the source being an internal e-mail among employees at the channel. On Wrestling Observer Live yesterday, Bryan Alvarez said the e-mail was dated several days prior to Destination America announcing Impact would be moving to Wednesday nights, and Dave Meltzer of Wrestling Observer noted that this was very much an ongoing situation.

 

Former ECW star Lou “Sign Guy Dudley” D’Angeli went on twitter to address fans celebrating the news and Billy Corgan responded to him indicating that Dave Meltzer was being worked by “a sloppy angle”:

https://twitter.com/Billy/status/601496615103426561

Billy Corgan Joining TNA Wrestling

TNA issued the following:

SMASHING PUMPKINS MASTERMIND AND ROCK INNOVATOR BILLY CORGAN JOINS TNA WRESTLING

 

NASHVILLE, Tenn. (April 27, 2015) — TNA Entertainment today announced Billy Corgan, founder of the Smashing Pumpkins and creative icon is joining TNA Wrestling as Senior Producer, Creative and Talent Development, effective immediately. In this position, Corgan will develop characters and create storylines for TNA’s flagship program IMPACT WRESTLING, broadcast Friday nights at 9/8c on Destination America, as well as other TNA programming.

“I’ve known Billy for years and have always been blown away by his musical artistry, as well as his knowledge and understanding of professional wrestling,” said TNA President Dixie Carter. “He has always impressed me with his creativity and passion for our business. Billy is truly gifted and understands the emotion tied to the psychology of connecting with an audience. The more we talked, the more I realized his perspective has the potential to make a huge impact on our brand.”

“Saying I’m humbled and honored by this opportunity to be part of TNA, a world-class wrestling organization, is an understatement and a dream come true,” said Corgan. “What’s great is the entire TNA organization stands in full support of my music life with the Smashing Pumpkins. In return, I’m fully committed to using my 30 years of entertainment experience, along with my deep-rooted passion for pro wrestling, to take on the thrilling challenge of creatively contributing to IMPACT WRESTLING, finding new talent, and working eye-to-eye with the best-of-the-best. For as cultures currently evolve at great speed, so must pro wresting meet and supersede such expectations to thrive.”

Corgan joins a gifted group of creative writers led by TNA Executive Vice President of Television and Talent John Gaburick. In addition to partnering with his creative colleagues in writing compelling and emotionally engaging story lines for TNA programming, Corgan will attend TNA television tapings where he will serve as a senior producer, working with TNA’s roster of world-class athletes including veterans such as TNA World Champion and Olympic Gold Medalist Kurt Angle, Jeff Hardy and Gail Kim, as well as a fresh crop of Superstars led by Ethan Carter III, Bram, Rockstar Spud and more.

“As an iconic songwriter and performance artist, Billy stands as a true powerhouse, ” said Gaburick. “I also find him to be an ardent historian of professional wrestling and a true visionary. We knew Billy would bring a great viewpoint when we offered, and he graciously accepted, to attend a recent creative summit. During those meetings, Billy’s pioneering perspectives and collaborative approach made it quickly evident we needed to bring him on as a permanent member of our team.”

TNA programming, which features unparalleled professional wrestling entertainment through its innovative high-flying X-Division, the best women’s division on the planet in the TNA Knockouts, and incomparable Tag Team action, is seen by millions of viewers each week in more than 120 countries around the world.

Billy Corgan Departs From Resistance-Pro Wrestling

Billy Corgan

Smashing Pumpkins frontman Billy Corgan announced on Twitter that he has parted ways with Chicago area independent wrestling promotion Resistance-Pro Wrestling. Corgan served as the Creative Director since 2011 and made numerous appearances at Resistance-Pro Wrestling events.

https://twitter.com/Billy/status/533626852242235392

https://twitter.com/Billy/status/533627197789962241

AMC Picks Up Option For Billy Corgan’s Wrestling Reality Show

Billy Corgan

 

AMC announced this week that one of the series that they picked up as an option that is being developed is an Untitled Billy Corgan Wrestling Project. The project is a reality show on Smashing Pumpkins frontman Billy Corgan’s Resistance Pro Wrestling promotion out of Chicago.

The synopsis for the show in AMC’s press release is – “Smashing Pumpkins lead singer Billy Corgan pulls back the curtains on the pro-wrestling world as he takes over creative direction for the independent wrestling company Resistance Pro.”