{"id":34495,"date":"2016-11-03T14:54:46","date_gmt":"2016-11-03T19:54:46","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=34495"},"modified":"2016-11-03T14:55:28","modified_gmt":"2016-11-03T19:55:28","slug":"tna-becomes-solvent-anthem-sports-entertainment-corp-announces-credit-facility-extended-tna-operations-wkellers-analysis","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/11\/03\/tna-becomes-solvent-anthem-sports-entertainment-corp-announces-credit-facility-extended-tna-operations-wkellers-analysis\/","title":{"rendered":"TNA becomes solvent as Anthem Sports &#038; Entertainment Corp. announces credit facility extended to TNA operations (w\/Keller&#8217;s Analysis)"},"content":{"rendered":"<div id=\"pwtor-297724896\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p>After Monday&#8217;s court ruling\u00a0blocking Billy Corgan from taking over TNA operations, Anthem Sports &amp; Entertainment Corp. has officially announced it has provided a &#8220;credit facility&#8221; for TNA to fund operations.<\/p>\n<p>Anthem operates Fight Network, the exclusive broadcast partner of Impact Wrestling in Canada, as well as worldwide digital streaming of TNA programming. It also has an equity stake in Impact Ventures, which owns controlling interest in TNA.<\/p>\n<p>\u201cWe have had a successful, long-term partnership with Fight Network as our Canadian broadcaster, and more recently as our global digital partner,\u201d said Dixie Carter. \u201cAnthem\u2019s team has extensive media experience, and I am excited to have that available to us as we plan for the future.\u201d<\/p>\n<p>Leonard Asper, the CEO of Anthem, says the financing is an extension of the support they&#8217;ve been providing since the start of the year.\u00a0\u201cWe have consistently maintained that investing in content as we grow our distribution is important as a strategic necessity, and working more closely with a strong brand like TNA is in line with that,\u201d said Leonard Asper, CEO of Anthem, in a press release issued to PWTorch today. \u201cThere are tremendous opportunities to support the company\u2019s growth on all platforms and in all media along side Dixie and the incredible talent and staff at TNA.\u201d<\/p>\n<p>Meanwhile, Billy Corgan is out as President of TNA. He said on Twitter today that he is still waiting to be reimbursed, as Anthem vowed to do in court. &#8220;FACT: TNA was supposed to pay me to 2 days ago, which they swore to in front of a judge. Yesterday they asked for a day to &#8216;get $ together&#8217;,&#8221; he wrote.<\/p>\n<p><em>Keller&#8217;s Analysis: Anthem is a well-funded, deep-pocketed partner for TNA Impact Wrestling and it&#8217;s hard to imagine they&#8217;d want to further damage the reputation of TNA as a company that doesn&#8217;t pay its bills or debts. I suspect Corgan will get paid, but the delay just adds to my\u00a0sense that Anthem and Impact Wrestling aren&#8217;t organized enough to deal in good faith with people they do business with. As Bruce Mitchell wrote about in this week&#8217;s PWTorch Newsletter for VIP members, it&#8217;s time for everyone associated with TNA to start changing that reputation and building some goodwill in the community in which they aim to succeed and attract loyal fans, not to mention among their wrestlers and business partners. This can be a very exciting and encouraging time for the pro wrestling industry in the United States with Anthem backing the continuation of TNA Impact Wrestling and FloSports injecting new revenue and opportunities into various indy promotions via their streaming platform. The late payments and sense of disorganization and\/or bad faith execution of deals just needlessly undercuts those vibes.<\/em><\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-809014689\"><div id=\"pwtor-1804787306\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>After Monday&#8217;s court ruling\u00a0blocking Billy Corgan from taking over TNA operations, Anthem Sports &amp; Entertainment Corp. has officially announced it has provided a &#8220;credit facility&#8221; for TNA to fund operations. Anthem operates Fight Network, the <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/11\/03\/tna-becomes-solvent-anthem-sports-entertainment-corp-announces-credit-facility-extended-tna-operations-wkellers-analysis\/\" title=\"TNA becomes solvent as Anthem Sports &#038; Entertainment Corp. announces credit facility extended to TNA operations (w\/Keller&#8217;s Analysis)\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[46,2,4],"tags":[4056,581,203,120],"class_list":["post-34495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spotlightarticles","category-prowrestlingnews","category-news_tna","tag-anthem","tag-billy-corgan","tag-impact-wrestling","tag-tna"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/Impact_3x21.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/34495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=34495"}],"version-history":[{"count":1,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/34495\/revisions"}],"predecessor-version":[{"id":34496,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/34495\/revisions\/34496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1550"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=34495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=34495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=34495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}