Viacom interested in purchasing a majority stake in TNA

Neena Koyen

Neena Koyen of Viacom
"Viacom interested in purchasing a majority stake in TNA"

  • Source: 
  • Report  by Neena Koyen of Viacom 
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    • ***Neena Koyen of Viacom , claims in a  recent press releases issued by Viacom interested in purchasing a majority stake in TNA. 

       (  UPDATE : TNA Is NOT "attempting to sell its ownership stake"  but may be willing to sell a minority stake  )  

       Panda Energy is the current majority stakeholder in TNA with TNA Founder Jeff Jarrett having the remaining shares. TNA has been broadcasting on with Spike TV since 2005.This is not the first time Viacom has  showed strong interest in buying TNA. 
      Panda Energy is currently the company that continues to back TNA, but Spike TV apparently is is interested in purchasing a majority stake in TNA. With Spike being able to do very little with the company besides give “suggestions”. If Spike were to purchase a majority stake in the company, they could seriously clean house.Viacom owns so many different channels in the country. I believe they would be a bit more strict in pressuring the creative team to deliver strong ratings .Nothing like a direct vested interest to spark and motivate increased promotion across their many platforms. With Viacom involved there would be much more money put into TNA to actually make it grow, plus it would create a level of security for Television rights.

      TNA has been an incredibly strong partner for Spike and IMPACT has been a consistent draw for the network. TNA has always gone out of its way to help promote other Spike projects and shows with the most recent being Bellator MMA. 

      Spike and Viacom would be even more supportive than they are now. While its believed that TNA will be on Spike for the long-term, a purchase would guarantee this. There would likely be more cross-promotion on Viacom's networks. Spike would be footing the bill and would likely try and do what they did with Bellator and sign big name free agents (like they helped TNA do with Hulk Hogan and Sting).

      Viacom (NASDAQ: VIAB, VIA) is home to the world’s premier entertainment brands that connect with audiences through compelling content across television, motion picture, online and mobile platforms in more than 160 countries and territories. With more than 160 media networks reaching approximately 700 million global subscribers, Viacom’s leading brands include MTV, VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, COMEDY CENTRAL, TV Land, SPIKE and Tr3s. Paramount Pictures, celebrating its 100th year in 2012 and creator of many of the most beloved motion pictures, continues today as a major global producer and distributor of filmed entertainment. Viacom operates a large portfolio of branded digital media experiences, including many of the world’s most popular properties for entertainment, community and casual online gaming.