-

New Japan Pro-Wrestling changes ownership

New Japan Pro-Wrestling changed ownership overnight, with Bushiroad, its previous owner, exiting and selling its shares to TV Ashai and CyberAgent.

TV Ashai, which has the rights for NJPW programming in the country, already owned almost 23% of the company and received a additional 3,550,200 shares for a total of 46.3% stake in the company. TV Ashai also has rights to the whole NJPW video library.

CyberAgent, which owns Pro Wrestling NOAH, Tokyo Joshi Pro, and DDT Pro Wrestling in Japan, received 6,950,200 shares for an equal 46.3% ownership of New Japan. The company also owns and operates Abema, the streaming service which currently has the rights to WWE programming in Japan.

WWE is moving to Netflix in Japan later this year.

Bushiroad still owns Stardom, which was previously owned by New Japan Pro-Wrestling but a transaction earlier this year moved the promotion to Bushiroad. Bushiroad has owned NJPW since 2012.

In a statement, NJPW said, “Currently, we have no plans to make any changes to our various business operations, including the events we organize, as a result of this Share Transfer. We would like to express our gratitude to Bushiroad, which has supported our business for many years as our largest shareholder, and we look forward to working together with TV Asahi and CyberAgent to further expand our business.”


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

WWE to open Money In The Bank store in New Orleans this week

WWE will open a Money In The Bank store inside the Smoothie King Center in New Orleans this week...

How slot online platforms use modern game mechanics

Have you ever opened an online slot and noticed that the reels are only one small part of what...

Scotty 2 Hotty talks The Attitude Era, Too Cool, his finisher, working with AEW, and more

Scott Garland, better known to fans as Scotty 2 Hotty, sat down with Chris Van Vliet in Orlando, Florida...