Why WCW went out of business.

[Purgatory]

Originally Posted by PullMyFinger For real? I know, I'm just pointing out one of their more chaotic bookings during their final year.

AOL kinda pulled the rug from under their feet when they bought TimeWarner, as that led to WCW losing TV braodcasting. Things started looking up when Fuscient Media/w Eric Bischoff had offered to buy out WCW and keep the promotion running, but a major player behind Fuscient had decided to pull out of the deal, thus putting the final nail in WCW's coffin. WWE bought the brand for $2.0 million, or something.

Either way, it was a really shitty way to go. I used to love WCW.

[Outsider]

Originally Posted by Purgatory AOL kinda pulled the rug from under their feet when they bought TimeWarner, as that led to WCW losing TV braodcasting. Things started looking up when Fuscient Media/w Eric Bischoff had offered to buy out WCW and keep the promotion running, but a major player behind Fuscient had decided to pull out of the deal, thus putting the final nail in WCW's coffin. WWE bought the brand for $2.0 million, or something. Either way, it was a really shitty way to go. I used to love WCW.

Fuscient only pulled out because AOL cancelled the TV time, meaning the promotion would have had to find a new slot.

It was after that happened that WWE came in and brought the contracts, rights and video library it wanted for fuck all.

[JT]

Originally Posted by Purgatory AOL kinda pulled the rug from under their feet when they bought TimeWarner, as that led to WCW losing TV braodcasting. Things started looking up when Fuscient Media/w Eric Bischoff had offered to buy out WCW and keep the promotion running, but a major player behind Fuscient had decided to pull out of the deal, thus putting the final nail in WCW's coffin. WWE bought the brand for $2.0 million, or something. Either way, it was a really shitty way to go. I used to love WCW.

Well to dig a little further on the MNW DVD comments, Bischoff's backer who left was Hulk Hogan, correct? I remember reading about Hogan in the deal then leaving back in 2001

[Hanso Amore]

Originally Posted by JT Kool Well to dig a little further on the MNW DVD comments, Bischoff's backer who left was Hulk Hogan, correct? I remember reading about Hogan in the deal then leaving back in 2001

Hogan doesnt have that kind of scratch.

I just finished the Death of WCW. Great read.

They had a few Wall Street bankers investing, anf when they saw that WCW lost 50 Million the year before and lost their TV shows, they backed out, because then they were just buying debt and a shitty name.


WCW was killed by spending far too much money and not doing what it took to bring more in. They shitty booking led to dropping rating, but had they not lost all the money they did, and were still in the green, they would have never closed when they did.

[BigDaddyCool]

Originally Posted by MatthewAllenHanso Hogan doesnt have that kind of scratch. I just finished the Death of WCW. Great read. They had a few Wall Street bankers investing, anf when they saw that WCW lost 50 Million the year before and lost their TV shows, they backed out, because then they were just buying debt and a shitty name. WCW was killed by spending far too much money and not doing what it took to bring more in. They shitty booking led to dropping rating, but had they not lost all the money they did, and were still in the green, they would have never closed when they did.

I've read that book twice. I take it with a grain of salt as they weren't there so they don't know all the reason behind every decision. I believe Bischoff when he says he was planning on bring in Warrior for a long term contract, not just so Hogan can be beat him and leave, only for Warrior to flake out. Cause flaking out and rambling is the Warrior's style.