World Championship Wrestling Entertainment 2012 Apr 13, 2012 15:18:05 GMT -5
Post by youknowhoiam on Apr 13, 2012 15:18:05 GMT -5
April 1st 2012: The WWE had the biggest pay per view of all time. Wrestle Mania 28 little did the fan base know it would be there last big event. The executive vice president of talent relations John Laurinaitis was voted on by the board of directors and stock holders alike to become the new CEO. Instead of revamping the current state of the WWE, he called a press conference and calling it a urgent matter stated he had spoken with a mortal enemy of the long time WWE staff former WCW vice president of talent relations and current CEO of Total Non Stop Action Wrestling Eric Bischoff. The two men have came to an agreement to combine organizations and from this point on be known as World Championship Wrestling Entertainment.
April 2-9 2012: The last two broadcasts of both company's aired. TNA had there final pay per view crowning a new World champion in James Storm. However during a court appearance on the 9th to make everything complete and legal with the merger of the two organizations. Eric Bischoff only presented seven contract deals he would like the new company to renew. James Storm was however not one of them. It is unknown who the other six are at this point. But the new board of directors decided to equally pay each talent that was not granted a new contract a buy out of there current one and a good reference for any independent organization they chose to join. However the 90 day no compete clause still stands for all former WWE employees.
April 10th 2012: The new World Championship Wrestling Entertainment would do away with several former WWE superstars, pay per views, championships, and web site employee's. The new web site is under construction and will be back online soon. This now makes WCW the biggest in the business with it's only competition the NWA ( 10 different territory's ) and it's small Atlanta GA affiliate PWX (A Alternative "Hardcore" Federation) However Eric Bischoff was quoted during a interview he saw them as no competition.
April 11th 2012: MSNBC News reported the facts of the merger, TNA will not carry over any championships only the history. The new company has access to former promotions library's WCW, ECW, TNA. However AWA and the NWO label were not sold during the agreement. Those still belong to the McMahon family who have sold there stock exchange during the merger. Vince McMahon will be using the WWE logo and name and library for his filming company to produce Documentery DVD's and box office movies. Neither company has any right to use any former WWE footage from any era after the first Nitro.