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Billy... err... William Patrick Corgan might have made the NWA awesome again


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40 minutes ago, mattdangerously said:

Oh shit.  That's a potential game changer for Corgan.  He's got a ready-made platform to air his promotion (whatever it ends up being).

Even beyond it, doesn't Corgan already own a lot of the Chicago-area tape libraries? He has something to air on On Demand as well even if he loses Houston footage.

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9 minutes ago, SorceressKnight said:

Even beyond it, doesn't Corgan already own a lot of the Chicago-area tape libraries? He has something to air on On Demand as well even if he loses Houston footage.

He has a lot of pictures/programs/etc but not the actual footage which belongs to the Chicago Film Archives.

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From the newest Observer

Quote

The NWA situation is almost closed where Billy Corgan is now the official owner of the brand. We’re told the basic deal was signed this past week although it’s in the hands of lawyers and everything is not completely done and the money hasn’t changed hands. It’s expected that when that aspect is done that Corgan will talk publicly about the brand. Unlike a few weeks ago, the Houston wrestling library is now part of the deal. The actual ownership of the library is still in the hands of Valerie Boesch, Paul’s widow. Bruce Tharpe was used as a broker and went to sell it to WWE, but felt their offer was too low, and then created the NWA on Demand website where they charge a monthly subscription fee and put up new matches on a regular basis as they transfer them to digital from the original tapes. Corgan will take over that position and there are a number of different things they could do with the library, including sell it to WWE, or market it in some form themselves. Another group headed by Matt Riviera was looking at making an offer to Bruce Tharpe for the NWA. The Riviera side offered Tharpe the ability to stay with the NWA and get work as a heel manager and that they would give him a title of International Brand Ambassador so he could retain his position of NWA authority in the Japanese market. Tharpe will have a role with the Corgan NWA, at least during the transition phase. The sale price is believed to be in the $175,000 to $250,000 range, although nobody has confirmed any figures other than it is a fraction of the $7 million to $9 million than Corgan had earmarked for Impact Wrestling, to pay off all the debts and other percentage owners and a purchase price, when he was looking at buying that brand. As far as what happens next, it’s a work in progress, but don’t expect anything like shows any time soon. But one idea is to use the NWA brand name to market historical aspects like books, DVDs or other projects.

 

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I'm still hoping that at the very least we get at least another month or two of matches posted just to finish up what was already being transferred, etc. We were on the cusp of three amazing sounding Wahoo matches, a Gino bloodbath, a Terry Funk match, and a Bockwinkel AWA title defense. We had gotten most of the rest of the card for all three of those shows in the last few weeks. 

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5 hours ago, The Green Meanie said:

It wasn't even sold for at least a million? Is the name worth so little now?

I'm sorta shocked that it sold for as much as it did. I thought it would have been in the $25,000 to $50,000 range, the name only means something to the hardest of hardcore fans. 

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Considering the lack of actual assets and the fact the NWA has been essentially a dead brand since at least 1991, it's amazing they got that much for it.  All I can think is that he's going to try to flip the Houston library to Vince at some point.

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On ‎5‎/‎19‎/‎2017 at 2:58 AM, PetrolCB said:

They had some great songs, man.

I'm not a huge SP fan, but if you captured the intro for Quiet and looped the first few bars before the vocals begin, you'd pretty much have a decent opening theme for a wrestling program.

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The NWA is functionally useless as a brand. Its value comes from its history and Vince McMahon owns the rights to almost all of the NWA's most significant moments. If you were going to relaunch the NWA, you'd have to build it up by talking about and showing its history, and that's impossible for anyone who owns it. 

The only person who could do the NWA justice would be Vince and I'm not sure that he has any interest in doing so. 

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6 hours ago, paul sosnowski said:

Looks like NWA On Demand has actually decreased in price from $8.99 to $5.99 per month!     Woohoo!!!

Good timing, considering FloSlam just randomly jacked up their own price ($29.99 per month?  Seriously, guys?)

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I'm my phone waiting out some storms so the actual story will have to wait but PWI is reporting that the sale is in jeopardy due to issues around transferring the NWA trademarks to Corgan

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Here is the story

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By Mike Johnson on 2017-05-30 19:02:00
Last week, Billy Corgan described his purchase of The National Wrestling Alliance as "97%" done during an interview with yours truly, but that last three percent is turning out to be quite the hurdle to clear, PWInsider.com has learned. 

Corgan has been in the process of purchasing the NWA from Bruce Tharpe with the deal including the name, rights and trademarks to the NWA as well as the rights and possession of the NWA championship belt and Tharpe's position in the NWA on Demand VOD service as well as the Paul Boesch wrestling library.   The actual ownership of the library remains with the Boesch family, as it had while Tharpe was utilizing it, but once the deal was to have been completed, Corgan would then have the same rights and responsibilities that had formerly applied to Tharpe.  

Multiple sources have told PWInsider.com that the deal is described as "in jeopardy" due to issues regarding the transfer of the existing copyrights and trademarks for the National Wrestling Alliance. 

PWInsider.com research indicates that the copyright and trademark on the brand name lapsed last year with his International Wrestling Corp, LLC applying for it again on March 30th of this year.  The trademark has not been officially assigned, theoretically making it impossible for them to be transferred to Corgan.

Should the deal not go through, it remains to be seen what happens short and long term with the Alliance, although one would assume that Tharpe would continue on with the On Demand service and with licensing the name brand out annually to independent promoters interested in utilizing the NWA name.

In recent weeks, Dave Lagana, who has partnered with Corgan on their NWA plans, had been in regular contact with independent promotions that have licensed the NWA name from Tharpe, seeking to build relationships with the different licensees.  Lagana posted a vlog today that he had been visiting with several of the licensees:

 

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On 5/27/2017 at 7:18 PM, Michael Sweetser said:

Good timing, considering FloSlam just randomly jacked up their own price ($29.99 per month?  Seriously, guys?)

FloSlam is now more expensive per month than I pay for internet, and 50% more expensive than the core package on SlingTV. That's astounding. 

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