wrestling / News

Billy Corgan & Anthem Announce Settlement of TNA Lawsuit

November 28, 2016 | Posted by Jeremy Thomas
Billy Corgan NWA Image Credit: Impact Wrestling

– TNA’s legal battle is over. Anthem Media announced today that they have finished their agreement with Billy Corgan which settles the lawsuit Corgan filed against Impact Ventures. Anthem has acquired Corgan’s loan to Impact and the lawsuit has been dismised. The announcement noted that the loan was acquired on “undisclosed terms.”

Anthem Executive Vice President Ed Nordholm said in the announcement, “We are pleased to conclude these arrangements with Mr. Corgan. The events leading to litigation were unfortunate but also reflected all parties’ desire in good faith to support the company. The arrangements we have made with Mr. Corgan respect all parties’ gratitude for his contributions to Impact Wrestling, both creatively and financially. We can now close this chapter and look forward to making Impact Wrestling a leader in the professional wrestling world.”

Corgan added, “I’m pleased that an agreement is now in place that allows wrestling operations to continue, for my interest from the start was to provide support, be it material or creative, to such a great roster and crew. And as I plan on continuing in the business side of pro wrestling, I look forward to seeing where Anthem’s leadership takes the company in 2017, and wish them the best.”