Major update on the WWE's pursuit of TNA's video library

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It's been common knowledge for a long time that TNA was a struggling wrestling promotion, but it appears as though they are on the home straight of their existence.

Legendary WWE announcer Jim Ross said on his Ross Report podcast this week that WWE is very close to a deal to purchase TNA's tape library but WWE would not be buying the actual company.

That honour reportedly falls to Billy Corgan, who is famous for being the lead-singer of the Smashing Pumpkins.


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Wrestling reporter Justin LaBar effectively confirmed the news when he tweeted out: "Just got a text saying #WWE to buy TNA video library & Billy Corgan is going to be new majority owner of TNA that he'll likely rebrand. Wow!"

The WWE are always in search of new content for their award-winning WWE Network and it comes as no surprise that they would want content that features stars like Ric Flair, Kevin Nash, Sting, The Hardy Boyz, Kurt Angle and some of their present-day stars like Samoa Joe and AJ Styles.

However, it also comes as little surprise that the WWE would not want the actual company. They have a very niche and small fanbase, they make no money from live events and the talent on the roster has thinned dramatically over the past two years.

In fact, in the likes of Austin Aries, Booby Roode and the aforementioned names, the WWE have plucked the best of the crop already.

Only Bobby Lashley, along with Jeff & Matt Hardy, would be worth having in terms of name value at this point, but Corgan is apparently set on rebranding the company and retaining those stars to build around.

Current owner Dixie Carter gets what she wants out of the deal - a lot of money. Vince will stump up considerable cash for the video library and she will sell to Corgan in a separate deal, even if the loss of historical content decreases the value of the company.

With a history of paying superstars late and a woeful attendances, the sooner the new era comes for this company, the better.

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