TNA News: Dixie Carter claims in SI feature that TNA has been "cash flow positive for four or five years," feels the Hulk Hogan signing was worthwhile, responds to sale rumors, and much more


prowrestling.net
MEMBERSHIP INFO | LOG-IN | CONTACT US | SUBMIT NEWS | ABOUT US
Insider News • Live TV & PPV Coverage • Hitlists • Results • Blogs

HOME | WWE NEWS | TNA NEWS | MMA NEWS | ALL NEWS | TV & PPV | ARENA REPORTS | VIEWPOINTS | PRODUCT REVIEWS | AWARDS



Dot Net App
GOT AN IPHONE, IPAD, IPOD TOUCH, SAMSUNG GALAXY TAB, OR ANDROID PHONE?

THEN BE SURE TO DOWNLOAD OUR NEW FREE APP
(or SEARCH "pro wrestling" in App Store or Android Marketplace)

Dot Net Podcast
CLICK HERE TO SUBSCRIBE TO DOT NET FREE PODCAST IN ITUNES OR CLICK HERE FOR LISTING OF LATEST SHOWS

TNA News


TNA News: Dixie Carter claims in SI feature that TNA has been "cash flow positive for four or five years," feels the Hulk Hogan signing was worthwhile, responds to sale rumors, and much more
Nov 21, 2013 - 06:45 PM


TNA president Dixie Carter was profiled in a Sports Illustrated feature written by Loretta Hunt. The following are the highlights of piece, which can be read in full at Sportsillustrated.cnn.com.

Carter on how she sold her father on purchasing the company: "I remember calling my dad. They'd never invested in anything that was non-strategic, much less this non-strategic, but I definitely had inherited my dad's sale skills. I knew there was a reason there's a Lowes across the street from every Home Depot or a McDonalds and a Burger King or an Avis and a Hertz. I saw how passionate this fanbase was. You had this one monster with over a billion-dollar cap and worldwide appeal with tons of potential revenue streams. Even if you just pick up 10 percent, you become a 100 million dollar company. From a business perspective, I just saw the potential."

Carter claims that TNA has been making money for several years: "Once we got on Spike, we changed a lot of things and our revenues grew," she said. "We've been cash flow positive for the last four or five years. After that point, Panda stopped putting money in the company. We've funded it with every dollar we've made and maybe that's kept us from growing quite as fast."

Carter on sale rumors: "This type of reporting is totally unsubstantiated. The truth is this is not the first time [it's been reported]. This is about the tenth, eleventh or twelfth time over 11 or 12 years that this has been said or that we're going out of business. I've been hearing this rumor since we were four weeks into this company. It's disappointing when a person makes a sweeping statement as fact.

Carter on signing Hulk Hogan: "Yes, I think Hulk has been worth it. He's opened a lot of doors for us. When you're about to lose a deal in an international territory and one phone call from Hulk Hogan makes a man who doesn't even speak your language melt and you get your deal back, that carries a lot of weight. There's not another guy out there who could do that."

Carter on the contract status of Hogan and A.J. Styles: "If we're gonna have contract issues, let's play it out on TV. That's drama. Is he going to sign? Is he not going to? That's drama and it's real. I don't have a contract with AJ and I don't have one with Hulk and others are coming up."

Carter on taking Impact on the road: ""We went on the road thinking if we could sell 1,500-2,000 tickets, we'd be good. We went in with a very conservative budget. We didn't come out here thinking we'd sell out arenas. The truth is we exceeded those budget numbers. We hit our revenue numbers, but we overspent when it came to loading out of the Universal studio. There was a two-month overlap that cost us."

Powell's POV: I have a really hard time believing that TNA has been self sufficient an turned a profit for the last four or five years. As for Hogan, he does open doors, but what did TNA do once they got inside those doors? Furthermore, I don't know that anyone reputable has recently reported that TNA is going out of business, but rather that there is a party who has spoken with the company about purchasing a majority interest. The story also features quotes from Jeff Hardy, ODB, Samoa Joe, A.J. Styles, and others. It's a must read feature even though I am highly skeptical of some of the things that Carter had to say.

RECOMMEND THIS ARTICLE:


READ OUR INSIDER NEWS BEFORE ANYONE ELSE! BECOME A MEMBER FOR JUST $7.50 A MONTH (or less with a year-long sub) - GET THE FIRST LOOK AT EXCLUSIVE INSIDER DOT NET NEWS, TONS OF EXCLUSIVE AUDIO CONTENT, MEMBER MESSAGE BOARD ACCESS, START YOUR OWN BLOG, AND VIEW THE SITE WITHOUT ANY ADVERTISING: SIGN ME UP (or MORE INFO)



RELATED ARTICLES FROM MGID AFFILIATE SITES...
TNA News • Latest Five Articles
TNA News: James Storm to appear on Sarah Palin's "amazing America"
TNA Impact Wrestling TV rating: Final numbers for March 27 edition
TNA Impact viewership: How did Impact perform against the second week of March Madness
3/27 TNA Impact Wrestling preview: The lineup for tonight's television show (no spoilers)
3/27 TNA Impact Wresting TV spoilers: Results of tonight's television show (spoilers)
Former TNA broadcast team member Todd Keneley on Jeff Jarrett's project, Daniel Bryan and WrestleMania 30, TNA using cheap finishes in TNA Title matches



MEMBERSHIP INFO
Become a Dot Net Member right now for $7.50 a month or $66 a year ($5.50 a month avg.). Get exclusive audio, first-look insider news, Forum access, member blogs, more...

CLICK FOR SIGN-UP INFO


The Current Must-Read List
• Powell's WrestleMania 3 review: Hulk Hogan vs. Andre the Giant for the WWF Championship, Randy Savage vs. Ricky Steamboat for the Intercontinental Championship, Roddy Piper vs. Adrian Adonis
• Pruett's Blog Flashback: The Undertaker's Streak Series Part Three - The American Bad Ass Years & The Deadman's Return - WrestleMania XVII - WrestleMania XX
04/02 Prowrestling.net All Access Interview: Artist Rob Schamberger on his WrestleMania Axxess project, his background, and more
• Powell's WWE DVD Review: "Signature Sounds: The Music of WWE"
04/01 Prowrestling.net Live Podcast: WWE Hall of Famer Jim Ross on the Dot Net Weekly audio show
• 4/1 Kester's WWE Main Event Live Coverage Review: Sheamus vs. The Miz and Nikki Bella vs. Tamina
• Powell's WWE Raw Hit List: Daniel Bryan attacks Triple H, Brock Lesnar finally gets the better of Undertaker, John Cena in a sheep mask, Kane vs. Roman Reigns, final hype for WrestleMania 30
• Pruett's Blog Flashback: Undertaker's Streak Series Part Two - Coincidence Preserves The Streak - WrestleMania XII - WrestleMania XV
• Powell's WrestleMania 2 review: Hulk Hogan vs. King Kong Bundy in a cage match for the WWF Championship, Roddy Piper vs. Mr. T in a boxing match
• WWE News: Chris Jericho says the time isn't right for his WWE return
ACCESS PREVIOUS MUST-READ ARTICLES

Vote In Our Latest Poll

WrestleMania 30 Poll: Who ends the night as Divas Champion?
AJ Lee
Naomi
Cameron
Brie Bella
Nikki Bella
Natalya
Eva Marie
Emma
Aksana
Alicia Fox
Summer Rae
Rosa Mendes
Layla
Tamina
  
VOTE IN OR SEE RESULTS OF PREVIOUS POLLS

Dot Net Free Podcasts
04/02 Prowrestling.net All Access Interview: Artist Rob Schamberger on his WrestleMania Axxess project, his background, and more
04/01 Prowrestling.net Live Podcast: WWE Hall of Famer Jim Ross on the Dot Net Weekly audio show
03/31 Prowrestling.net Live Podcast: Jason Powell and Chris Shore take your phone calls on WWE Network launch day
CLICK FOR FULL LISTING OF ALL PODCASTS

Latest from Our Affiliate Site

_pwtorch.com_
CLICK HERE FOR MORE PWTORCH HEADLINES

© 2008-2012 LAST ROW MEDIA LLC • ALL RIGHTS RESERVED -- PRIVACY POLICY