Anthem Sports & Entertainment formally announced today they have entered into an agreement to acquire majority shares and control of TNA Impact Wrestling, and announced a new role for former TNA President Dixie Carter.
Anthem has created Anthem Wrestling Exhibitions, LLC as a result of the agreement, and Ed Nordholm will serve as president of the new group. The announcement also mentions Dixie Carter will now serve on the Advisory Board for Fight Media Group, after stepping down from her previous position as Chairman of Impact Ventures, and she will retain a minority equity stake in TNA Impact Wrestling.
Anthem issued the following press release:
For Immediate Release – January 4, 2017
Anthem Sports & Entertainment Forms Anthem Wrestling Exhibitions, LLC., Acquires Control of IMPACT Wrestling
Toronto, Canada (January 4, 2017) – Anthem Sports & Entertainment Corp. today announced it has entered into a definitive agreement to acquire a majority interest in TNA IMPACT Wrestling, and has formed Anthem Wrestling Exhibitions, LLC. Anthem also owns Fight Network, the world’s premier 24/7 multi-platform channel dedicated to complete coverage of combat sports, which is IMPACT Wrestling’s exclusive broadcast partner in Canada and worldwide digital partner.
“We are thrilled to have acquired TNA IMPACT Wrestling,” said Ed Nordholm, Executive Vice President of Anthem Sports & Entertainment Corp., the parent of Fight Network. “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.”
Mr. Nordholm, who has been the managing director of the IMPACT Ventures Board of Managers since October 2016, will assume the position of President of Anthem Wrestling Exhibitions, LLC. Dixie Carter will resign from her position as Chairman of Impact Ventures and join the Advisory Board of Fight Media Group, which holds all of the combat sports-related assets of Anthem, where her focus will be on the global growth of the combat sports-related brands owned by Anthem.
“Anthem has been a great partner for many years,” added Dixie Carter. “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.”
Ms. Carter will remain a minority equity stakeholder.
For More Information, Contact:
Anthem Sports & Entertainment Corp.
Director, Programming & Communications
About Anthem Sports & Entertainment Corp.
Anthem Sports & Entertainment Corp. is a global sports media company and a leader in operating targeted specialty video channels on linear, digital and mobile platforms with offices and studios in New York, Toronto, and Los Angeles. Anthem’s portfolio includes Fight Network, the world’s premier combat sports channel now broadcasting in the U.S., Canada and over 30 other countries, Fantasy Sports Network (FNTSY), the world’s first and only channel dedicated to fantasy sports, GameTV, a Canadian specialty channel available in over 9 million homes, RotoExperts.com, a leader in fantasy sports news and analysis, DailyRoto.com, the most comprehensive and far-reaching daily fantasy sports website and Edge Sport, an extreme and action sports network recently launched in Canada in partnership with IMG. Anthem also has a significant ownership interest in Pursuit Channel, one of the top outdoor channels in the U.S. available in over 40 million homes, and it owns SportsGrid.com, a leader in general sports entertainment commentary.
About TNA IMPACT Wrestling
TNA IMPACT Wrestling specializes in television properties, events, products, merchandise and music, as well as the management and promotion of professional wrestlers. The roster features such greats as Jeff Hardy, Matt Hardy, EC3, Bobby Lashley, Drew Galloway, James Storm, the high-flying X-Division, Gail Kim and the lovely and lethal Knockouts. Its highly successful flagship, IMPACT WRESTLING, broadcasts in more than 120 countries around the world, including Thursdays at 8 p.m. ET/PT on Pop, a joint venture of CBS Corporation and Lionsgate, in the United States and on Fight Network in Canada.
Author’s Note: Even though I wanted Billy Corgan to be in charge in TNA, at least Dixie Carter won’t have any power in the company which is good. Hopefully, Anthem will do a good job taking over the company, but we’ll see.
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