Toronto-based Anthem Sports & Entertainment Corp. and William “Billy” Corgan said they completed an agreement to resolve Corgan’s litigation against Impact Ventures, parent company of TNA Impact Wrestling. Anthem acquired Corgan’s loan to Impact Ventures on undisclosed terms, and Corgan has dismissed his proceedings against Impact Ventures and TNA Impact Wrestling, the principals said in a release.
Anthem Sports & Entertainment operates Fight Network, Impact Wrestling’s exclusive broadcaster in Canada, and is the worldwide digital streaming partner for all TNA programming and owns equity in Impact Ventures. Pop airs Impact Wrestling fare in the United States.
Anthem executive vice president Ed Nordholm said in the release: “We are pleased to conclude these arrangements with Mr. Corgan. The events leading to litigation were unfortunate but also reflected all parties’ desire in good faith to support the company. The arrangements we have made with Mr. Corgan respect all parties’ gratitude for his contributions to Impact Wrestling, both creatively and financially. We can now close this chapter and look forward to making Impact Wrestling a leader in the professional wrestling world.”
Corgan -- the Smashing Pumpkins frontman and wrestling fan who has actively stated his views on the implosion of his relationship with Impact on Twitter -- said in the release: "I'm pleased that an agreement is now in place that allows wrestling operations to continue, for my interest from the start was to provide support, be it material or creative, to such a great roster and crew. And as I plan on continuing in the business side of pro wrestling, I look forward to seeing where Anthem's leadership takes the company in 2017, and wish them the best."