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Several weeks after Billy Corgan announced via Twitter that he and TNA had come to a settlement agreement on his issues with TNA, which led to him filing his lawsuit against the company, Dixie Carter and others, the lawsuit remains active within the Chancery Court of Nashville, TN. So, what happened?
PWInsider.com is told that while both sides came to an agreement in principal, getting that agreement officially signed on paper was a little trickier and there were several delays in that process since Corgan's announcement. The belief among those we spoke to over the last several days is that the final paperwork has been completed and that everything will be officially settled sometime this week or early next week at the latest.
So, once Billy Corgan is out of their hair, what happens next for TNA?
We have heard from sources that a number of lawyers for Anthem Media have been seen regularly at TNA offices in recent weeks and the belief is that at some point after the Corgan matter has been closed, Anthem will then announce that they have purchased majority ownership in Impact Ventures. At that point, it should be interesting to see what sort of changes are made to the internal structure of TNA, both from a creative and from a staffing standpoint.
Based on material Corgan's attorneys uncovered, the initial plan was for Anthem to own 85% of the company, Aeroluxe would own 10% and Dixie Carter would be left with 5%, leaving her in a position to benefit should the company take off at some point but being pretty much out of power when it came to decision-making. If that agreement holds up, we could also see Jason Brown of Aeroluxe installed at the CEO of Impact Ventures, although the previous announcement made by Anthem and TNA seemed to imply that Anthem's Ed Nordholm would be the one making all decisions going forward.
So, we still have some internal rapids to smooth out for the company before they hit easy waters.
TNA is still slated to film Impact Wrestling episodes the first week of January 2017 at Universal Studios in Orlando, Florida.
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