TNA President Dixie Carter will never be mistaken for a wrestling superstar. But, the one thing you can't mistake her for is someone that doesn't care about pro wrestling. Carter has personally fought to keep TNA going when there were times that her financial investors (her family) thought about shutting down the promotion. Due to her passion and commitment to TNA, the company was able to survive the tough times and they now appear to have turned things around. According to a March 10 report by PWTorch.com, Carter made the following comments:
"They (referring to her investors) do absolutely know that we are in a fantastic place right now and they're very happy. It doesn't mean that we're a debt-free company, but as far as being profitability - you know, the early years were incredibly expensive. But, to have turned it around and had the type of growth that we've had, especially during the recession... We filled the gap and continued to grow and have success and have great year-over-year growth."
This is great news for the workers and the wrestling fans. Although TNA is not on the same scale as the WWE in terms of brand awareness, production, revenue and merchandise, they are just as good inside the ring, if not better. TNA has not only turned the corner financially, but they have also turned the corner creatively. Their television product has become much more interesting and entertaining. Storylines are easier to follow and they have satisfying "pay offs".
Dixie Carter would go on to discuss how TNA still has a few financial concerns like some bad contracts from the early days. However, the company is working toward a brighter future financially and they are definitely in a "fantastic" place right now.
TNA's financial stability is great for the industry. Fans need options for their viewing pleasures and the wrestlers need options for a place to work. Additionally, when the WWE wiped out WCW, their product became stale due to lack of competition and viable options for wrestlers to work.
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