A good review of every way TNA is fucked from the LAW:
**David Bixenspan and Kris Zellner did a lot of reporting on Thursday regarding the pair of lawsuits recently filed against TNA and were able to get the contents of the suit filed by Audience of One Productions (A01) a few weeks back for payment of past production work. Bixenspan was able to uncover that there are three debts under Impact Ventures with one being to Aroluxe Media from March 14th of this past year, another to Anthem Sports and Entertainment from August 22nd and another to MCC Acquisition Corp. from September 30th. The MCC Acquisition debt explains the financing for the recent television tapings and Bound for Glory pay-per-view. The latter two are connected by the same address, as an extension of Anthem Sports and Entertainment (which for full disclosure is the parent company of Fight Network, which owns Live Audio Wrestling).
The LAW requested comment from Fight Network on the report and were not able to receive one on the suit and the involvement. It had been previously noted that Fight Network does have a small ownership piece in TNA prior to all of this.
In the report, it also reveals a filing from this past Tuesday that lists Dixie Carter herself as a debtor to Billy Corgan. Corgan filed suit this past weekend against Impact Ventures and listed TNA Entertainment, Dixie Carter Salinas, Serg Salinas and company COO and CFO Dean Broadhead in the suit of which a hearing will take place next Thursday. The contents of Corgans suit are sealed at this time.
**David Bixenspan later reported yet another issue involving TNA with the State of Tennessee issuing a tax lien on TNA Entertainment LLC last month for unpaid taxes. Bixenspan explains that in Tennessee successor companies still have to cover outstanding taxes regardless of new companies being formed, such as the transition to Impact Ventures LLC. The tax lien gives the state the ability to seize assets.
**There was also an issue regarding certain music rights for Thursday nights episode of Impact and led to the POP TV version editing out Mike Bennett and DJZs entrance music. It should be noted that on the Canadian version that aired on Fight Network, both entrances aired as usual with the regular songs.
**Jason Powell at ProWrestling.net received the following comments from Lissa Druss Christman, who is a spokesperson for Bill Corgan, regarding the suit filed this past week against Impact Ventures:
As president, Billy is looking out for the long-term interest of the company, its employees, its talent, as well as its stakeholders and contractors.
So let's break this down...
3 debts under the name Impact Ventures:
Aroluxe Media from March 14th of this past year
Anthem Sports and Entertainment from August 22nd
MCC Acquisition Corp. from September 30th to cover Bound For Glory and the recent tapings
Dixie Carter lists herself (not the company) as a debtor to Billy Corgan
Corgan has a lawsuit against Impact Ventures and listed TNA Entertainment, Dixie Carter Salinas, Serg Salinas and company COO and CFO Dean Broadhead in the suit of which a hearing will take place next Thursday
State of Tennessee issuing a tax lien on TNA Entertainment LLC last month for unpaid taxes. This means the tax evasion goes back to beyond 2015 which is when TNA became Impact Ventures. Impact Ventures is still responsible for TNA's tax evasion.
Random issue with music licensing
also:
**Jason Powell at ProWrestling.net received the following comments from Lissa Druss Christman, who is a spokesperson for Bill Corgan, regarding the suit filed this past week against Impact Ventures:
As president, Billy is looking out for the long-term interest of the company, its employees, its talent, as well as its stakeholders and contractors.
http://fightnetwork.com/law/oct-14-news-update-report-out-on-lawsuits-against-tna/
TNA is fucked from all ends.