Is TNA still losing money?

[Mr. JL]

Seriously, I want them to go out of business already so other indy companies have a chance to actually utilize some of TNA's top talents and become bigger.

You would have figured that after 5 plus years of being in the red that they would get the hint that they suck and would just go away.

[taker707]

They are not in the red they are not making the money that wwe makes but they are actually making money

[Dave Youell]

They've been in the black for 18 months now I think

[Destor]

I'm not sure that they've ever turned a profit. Can someone post sothing saying otherwise?

[hb2k]

They've never turned a profit, and they're making no money at all. They aren't longer losing recockulous amounts of cash, but Panda has still lost 30+ million dollars on TNA apparently, and they're not making it back any time soon.

[Heros Welcome]

With the way they book I figured losing money was their motto.

[Kane Knight]

I think I remember seeing that they were breaking even. Not losing money is not the same thing as turning a profit, but certainly it's a plus over hemorrhaging money as they have in times past.

[NeanderCarl]

I read somewhere that they need 30,000 buys to break even on the costs of running a PPV. That doesn't take into account the elements of the show itself, such as wrestler wages, writers, crew etc.

They are doing around 20-30,000 buys per PPV as an average, although they have pulled in more impressive numbers in the past, for well built shows such as Joe-Angle I.

So most PPVs they run, with PPV being their biggest source of income, are only covering the costs of actually staging the show. The rumour was that they are paying Spike, not the other way round, for airing Impact (although that could be bullshit).

Panda have spunked about $30m+ on TNA thus far, over the last 5yrs or so. Even if one PPV makes a profit, there's no danger of them recouping that amount unless every PPV is making a profit, rather than losing money or simply breaking even.

TNA needs a prolonged period of money-making PPVs before they are in the black. The way they are booking, that's a long shot.

I give it a couple of years maximum before TNA is just another dusty memory in Vince McMahon's tape library.

[Kane Knight]

As long as there's a fanbase, TNA will tough it out.

Of course, with the Russo/Mantell booking going on, there might not be a fanbase for very long.

[NeanderCarl]

I don't know (nor do I care to look it up, seeing as I'm pissed up) whether or not Panda is a plc. If it's a plc, sooner or later they will have to answer to the stockholders the reason why they continue to spunk money on a branch of the company which has never, ever, made a profit, nor come close. That will be the day TNA goes on the market.

[hb2k]

As long as there's a fanbase, TNA will tough it out.

Who knows, WCW had a bigger fanbase in the very end than TNA ever has, and those are the people that sat through every conceivable piece of shitty booking ever conjured up by multiple human minds in 2001. That company at least had something to point to in terms of a track record of at least making money at one point. If Spike is responsible for footing part of TNA's bills, that's a blessing and a curse - a blessing because it offsets some of Panda's loses and therefore keeps them happy with the anchor of debt growing, but a curse because the very thing defining its existence, television, is now directly linked to their success or failure financially.

[Mr. JL]

So what I gather from the responses are:

1) TNA lost lots of Panda's money
2) TNA is no longer losing money but they aren't making any either
3) -$30 Million lost
4) $0 profits to date
5) Russo still booking

[NeanderCarl]

So what I gather from the responses are:

1) TNA lost lots of Panda's money
2) TNA is no longer losing money but they aren't making any either
3) -$30 Million lost
4) $0 profits to date
5) Russo still booking

TNA is still losing money. Only difference is, not on every show.

[Kane Knight]

So what I gather from the responses are:

1) TNA lost lots of Panda's money
2) TNA is no longer losing money but they aren't making any either
3) -$30 Million lost
4) $0 profits to date
5) Russo still booking

I think what you can gather from the responses is that people really aren't all that sure and the info is not readily available.

[King Jericho]

You would have figured that after 5 plus years of being in the red that they would get the hint that they suck and would just go away.

Like WCW did in its early days?