Billy Corgan signs deal for the NWA takeover

 
 

PWInsider.com is reporting that Billy Corgan, the lead singer of The Smashing Pumpkins, has signed the agreement with Bruce Tharpe to officially take over the National Wrestling Alliance.

The deal includes the name, trademarks, NWA titles, and now the on-demand video library. The original deal did not include the video library, and although Corgan will not technically own the library, he will have the rights to run the on-demand website at nwaondemand.com.

The majority of NWA video library is owned by the family of Paul Boesch, the former promoter of Houston Wrestling. This Boesch video library is said to be comprised of matches from the late 1960s through 1986 and it’s one of the major libraries that WWE does not have access to.

In 2015, the WWE tried to purchase the library through its Executive Vice President of Content Lisa Fox Lee, however she was unsuccessful and was eventually fired from the job, with many sure that she got the pink slip due to her not landing the video tape library.