Anthem Acquires Majority Interest in TNA Impact Wrestling - Multichannel

Anthem Acquires Majority Interest in TNA Impact Wrestling

Forms Anthem Wrestling Exhibitions LLC
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Toronto-based Anthem Sports & Entertainment Corp. has officially acquired a majority interest in TNA Impact Wrestling.

Anthem, which also operates Fight Network -- Impact Wrestling’s exclusive broadcaster in Canada – has formed Anthem Wrestling Exhibitions LLC to operate the wrestling franchise, according to company officials. 

Anthem Sports & Entertainment Corp. executive vice president Ed Nordholm will serve as president of Anthem Wrestling Exhibitions LLC. Dixie Carter, chairman of Impact Ventures -- the parent company of TNA Impact Wrestling -- will resign her position and join the Advisory Board of Fight Media Group, focusing on the global growth of the Anthem’s combat sports brands.

The announcement follows Anthem's having settled a financial dispute between TNA Impact and William “Billy” Corgan over financial loans Corgan made to Impact Ventures.

“We are thrilled to have acquired TNA IMPACT Wrestling,” said Nordholm in a statement. “As we grow Anthem’s linear, digital and mobile platforms globally, top tier content with global appeal is key to that success and this acquisition is a perfect strategic addition to our portfolio. IMPACT has been a dominant wrestling brand around the world for more than a decade and we are confident that Anthem can leverage its assets and strategic partnerships to take IMPACT Wrestling to even greater heights.”

Carter, who will remain a minority equity shareholder, added: “We have worked hard to find the right company who would acquire TNA, use its strategic influence and have a long-term commitment to the brand. TNA’s incredible fans, talent and staff deserved to see the brand continue to thrive after 15+ years of incredible growth.  I’m excited to move to a new position and work with Anthem on their global strategic plan, and I am confident TNA IMPACT Wrestling is going to be a huge part of their success.”

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