Latest Update On TNA vs. Billy Corgan Situation

PWInsider reports that the lawsuit from Billy Corgan against TNA is still active in the Chancery Court of Nashville, even though Corgan announced weeks ago that he and TNA came to a settlement agreement. The agreement was made in principal but has yet to actually be signed on paper. It’s believed that the final paperwork is done and everything will be done either this week or early next week.

Meanwhile, several lawyers for Anthem Media have been seen at TNA offices in the last several weeks. It’s believed that after the Corgan situation is finished, Anthem will announce they bought majority ownership in Impact Ventures. It’s unknown what internal changes will be made from a creative and staffing standpoint.

The original plan was for Anthem to own 85% of the company, with Aeroluxe getting 10% and Dixie Carter getting 5%. This means that Carter would benefit if the company gained steam but would more or less have no power behind-the-scenes. If that happens, Aeroluxe’s Jason Brown could be named the CEO of Impact Ventures, but the previous announcement seemed to suggest that Anthem’s Ed Nordholm would be in charge.

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TNA is scheduled to film episodes of Impact Wrestling during the first week of January at Universal Studios in Orlando, Florida.

Opinionated View- Fingers are crossed this works out. Seems like it will. There is now big money behind TNA again. I do worry sing Corgan had done a lot of good creatively.

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