Ever since 2001 when WWE purchased its biggest rival in WCW as well as the cash-strapped ECW, WWE have had a monopoly on the wrestling business - or sports-entertainmentas they would have you call it.
The WWE have since cemented their place at the top, with little signs of ever being dispatched. It has gotten to the point where the sport is unattractive for many wealthy individuals or groups to enter and try compete with the WWE, with the gamble simply not worth taking.
Since the demise of WCW and ECW more than a decade ago, several companies been formed since then in an attempt to offer fans an alternative product to watch, offer wrestlers another place to make a living.
However, one has to ask how far companies such as Total Non-Stop Action wrestling or Ring Of Honor have genuinely progressed since their formation, how far can they go and have they really achieved anything momentus in their short respective histories.
TNA, considered by many as the number two to WWE are losing money. When an attempt was made to take TNA Impact on the road, the company suffered financial losses.
Whilst they have secured television deals enabling TNA to be broadcast in over a hundred countries worldwide, whilst their annual tours of the United Kingdom are always well-supported and considered a success, in the United States there has been little progress.
TNA’s television ratings for Impact Wrestling haven’t progressed beyond 1.2m mark, solid for cable TV across the pond but far from spectacular.
TNA haven’t been able to secure more television time either (which would help to enable that Impact is less-congested, matches may be longer and storylines may be executed better), house show attendances and even recent PPV attendances have been poor.
With Ring Of Honor, the company is still regarded as an indy-promotion. ROH doesn’t even have a national TV deal nor is it broadcast in over 100 countries as TNA is.
ROH’s golden goose came several years ago when the likes of AJ Styles, CM Punk, Samoa Joe, Brian Danielson (now known as Daniel Bryan) amongst others were having matches lasting in anything between thirty to ninety minutes. One by one, they all packed their bags and left for bigger and better things.
ROH have always lost their top talent to TNA and WWE. It might sound similar to what ECW endured in the nineties by losing stars to WWF and WCW, but ROH effectively a poor man’s ECW. ROH does not have the cult-following or legacy of ECW.
Whilst there have been great matches in both a TNA and ROH ring, neither company has advanced beyond keeping their heads above water over the last five years.
One has to ask the serious question of whether or not the wrestling industry is dying or is already a dead-industry where nobody can compete anymore to the
point of being successful, thanks to a crushing WWE monopoly?
Throw in the MMA revolution over the past fifteen years and wrestling may be at its lowest ebb.
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