-

WWE reportedly offers “very little” for TNA video library

Dave Meltzer of the Wrestling Observer is reporting that WWE offered “very little” to purchase TNA’s video library and is believed that the company wants no-compete clauses for a period with the owners if a sale is to go through.

A no-compete clause would not allow any of the owners to re-enter the wrestling business with the money they received from the sale for a specified amount of time.

WWE – on average – pays around $500 for an hour of footage when purchasing other tape libraries. It’s not known how much money WWE offered for the TNA library which dates back to 2002.

Meltzer also adds that John Gaburick, the Executive Vice President of Television Production for TNA was the one who got WWE into play. Gaburick worked for WWE for several years before departing in 2013.

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!

LATEST NEWS

Adam Cole to explain attack on Kyle O’Reilly tonight on NXT on USA

In a rare move, WWE has already announced the full card for tonight's NXT on USA Network, a card...

Fenix vs Archer headlines Dynamite on TNT tonight

AEW will be announcing more details on the signing of Paul Wight tonight on Dynamite although it was not...

Young Rock S1 E2 rating

Episode two of Young Rock, titled On the Road Again, drew a total of 3,483,000 viewers on NBC yesterday....

Stories you might also likeRELATED
Recommended to you