wrestling / News

UPDATE: More on Billy Corgan Being Named President Of TNA Parent Company

August 12, 2016 | Posted by Joseph Lee

UPDATE: PWInsider reports that an official announcement of Billy Corgan’s promotion to president of Impact Ventures was made during a meeting with the TNA roster and staff in Orlando ahead of the press release announcement. The site reports that this is not a storyline and is “100% legitimate.”

Corgan reportedly received a big round of applause when he was announced and that there was a big jump in morale among talent afterward. Corgan spoke for about ten minutes talking about his hopes and strategy for the company moving ahead.

ORIGINAL: A press release has been issued revealing that TNA’s parent company Impact Ventures has named Billy Corgan as its new president. Current President Dixie Carter has been named Chairman and Chief Strategy Officer. Corgan will handle day to day operations for IMPACT and its affiliated brands while Carter focuses on long-term planning, strategic partnerships and global growth.

Carter said: “Billy is a visionary, an iconic artist and savvy businessman with an incredibly gifted creative mind. He has built a decades-long successful global brand, and also has a deep passion and understanding for professional wrestling. In working with Billy over the last 16 months, he has impressed me to the point that I’ve been in discussions with him to take an elevated strategic leadership role within the company. The more we discussed our vision for the organization, the clearer it became that position needed to match his commitment. I believe in this company, its passionate fans, the talented roster and the dedicated staff and crew. I am committed to this great opportunity and will use all of my resources and connections to drive the success of this company. This year we have made significant strides in establishing a strong foundation for our future and will be aggressive in continuing to evolve and grow the IMPACT brands.

Carter added: “We are entering an exciting new era for IMPACT and will be working to continue to define our brand, develop global strategies for success, and structure for future investment and growth. These moves, effective immediately, signify the team’s determination to work together to effectively cover more ground and capitalize on TNA’s current momentum that has seen ratings rise in recent months.

Corgan has been involved with IMPACT since May 2015 as a senior producer.

article topics :

Billy Corgan, Dixie Carter, TNA, Joseph Lee