TPWW Forums  

Go Back   TPWW Forums > w r e s t l i n g > wrestling forum
Reload this Page Is TNA still losing money?
Register Members List Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 02-06-2008, 11:19 AM   #1
Mr. JL
 
Posts: 4,834
Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)
Is TNA still losing money?
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.
Mr. JL is offline   Reply With Quote
Old 02-06-2008, 01:28 PM   #2
taker707
 
taker707's Avatar
 
Posts: 1,209
taker707 has more than 1,000 rep points (1,000+)taker707 has more than 1,000 rep points (1,000+)
They are not in the red they are not making the money that wwe makes but they are actually making money
taker707 is offline   Reply With Quote
Old 02-06-2008, 03:24 PM   #3
Dave Youell
1/2 Optimist 1/2 Amazing
 
Dave Youell's Avatar
 
Posts: 12,427
Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)Dave Youell puts the "bang" in Bangladesh (30,000+)
They've been in the black for 18 months now I think
Dave Youell is offline   Reply With Quote
Old 02-06-2008, 07:34 PM   #4
Destor
I am the cheese
 
Destor's Avatar
 
Posts: 51,428
Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)Destor makes a lot of good posts (200,000+)
I'm not sure that they've ever turned a profit. Can someone post sothing saying otherwise?
Destor is offline   Reply With Quote
Old 02-08-2008, 09:12 PM   #5
hb2k
Do Unto Others...
 
hb2k's Avatar
 
Posts: 2,086
hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)
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.
hb2k is offline   Reply With Quote
Old 02-09-2008, 04:04 AM   #6
Heros Welcome
Chris is AWESOME
 
Heros Welcome's Avatar
 
Posts: 1,530
Heros Welcome has a good deal of rep (10,000+)Heros Welcome has a good deal of rep (10,000+)Heros Welcome has a good deal of rep (10,000+)Heros Welcome has a good deal of rep (10,000+)Heros Welcome has a good deal of rep (10,000+)Heros Welcome has a good deal of rep (10,000+)
With the way they book I figured losing money was their motto.
Heros Welcome is offline   Reply With Quote
Old 02-09-2008, 10:07 AM   #7
Kane Knight
Ron Paul 4 EVA
 
Kane Knight's Avatar
 
Posts: 152,467
Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)
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.
Kane Knight is offline   Reply With Quote
Old 02-09-2008, 11:06 AM   #8
NeanderCarl
That's Not My Name
 
NeanderCarl's Avatar
 
Posts: 9,086
NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)
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.
NeanderCarl is offline   Reply With Quote
Old 02-09-2008, 07:17 PM   #9
Kane Knight
Ron Paul 4 EVA
 
Kane Knight's Avatar
 
Posts: 152,467
Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)
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.
Kane Knight is offline   Reply With Quote
Old 02-10-2008, 12:20 AM   #10
NeanderCarl
That's Not My Name
 
NeanderCarl's Avatar
 
Posts: 9,086
NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)
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.
NeanderCarl is offline   Reply With Quote
Old 02-11-2008, 07:08 PM   #11
hb2k
Do Unto Others...
 
hb2k's Avatar
 
Posts: 2,086
hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)hb2k has a relatively large amount of rep (50,000+)
Quote:
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.
hb2k is offline   Reply With Quote
Old 02-13-2008, 04:37 AM   #12
Mr. JL
 
Posts: 4,834
Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)Mr. JL is good (20,000+)
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
Mr. JL is offline   Reply With Quote
Old 02-14-2008, 09:13 PM   #13
NeanderCarl
That's Not My Name
 
NeanderCarl's Avatar
 
Posts: 9,086
NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)NeanderCarl puts the "bang" in Bangladesh (30,000+)
Quote:
Originally Posted by Mr. JL View Post
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.
NeanderCarl is offline   Reply With Quote
Old 02-14-2008, 09:52 PM   #14
Kane Knight
Ron Paul 4 EVA
 
Kane Knight's Avatar
 
Posts: 152,467
Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)Kane Knight makes a lot of good posts (200,000+)
Quote:
Originally Posted by Mr. JL View Post
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.
Kane Knight is offline   Reply With Quote
Old 03-03-2008, 11:17 AM   #15
King Jericho
Wii :love:
 
King Jericho's Avatar
 
Posts: 3,915
King Jericho is "reptacular" (2,500+)King Jericho is "reptacular" (2,500+)King Jericho is "reptacular" (2,500+)
Quote:
Originally Posted by Mr. JL View Post
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?
King Jericho is offline   Reply With Quote
Reply
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT -4. The time now is 03:11 AM.

Forums Home - TPWW - Archive - Top

Powered by vBulletin®