Source: Pwinsider.com
According to sources, WWE’s purchase of the Watts video library is still in the process of being finalized.
As of today, the library has not been officially purchased by WWE, but the two sides have agreed on a price. The latest word on the situation is that there have been repeated issues with the language of the contract when it’s been presented that has led to the Watts family from signing on the dotted line. The two sides are still in discussions and it’s considered just a matter of time until the deal is done. Until then, the Watts family is still fulfilling orders on the library via their UniversalWrestling.com website.
The Watts video library consists of Mid-South Wrestling, Mid-South’s Power Pro Wrestling TV and the original Universal Wrestling Federation. Unlike most libraries, there were a number of complete house shows from the 1980s that were filmed and maintained along with the TV footage. When WWE takes possession of the library, they will have access to a lot of rare footage.
The library was owned by Bill Watt’s ex-wife Ene as part of a divorce settlement, and it the largest known video collection not owned by WWE. WWE has been trying to acquire the library for years.
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