GFW Denies Sale Rumors

Sports Illustrated reported on Wednesday that GFW was “hemorrhaging funds” and its parent company, Anthem Entertainment, was looking to sell.

According to both Dave Meltzer and PWInsider, all sources in GFW have denied these rumors. However, Meltzer pointed out that the story would likely be denied whether it was true or not, and often times, many people in the company are not aware of potential sales since they’re usually kept under wraps.

PWInsider is reporting that at GFW meetings this week, all discussion was about plans going forward and there was “no inkling of plans to shut down or sell off the video library.”

WWE is the most likely buyer, previously attempting to buy TNA’s video library, but WWE also appears to be in cost-cutting mode lately, having cut a lot of original programming along with other miscellaneous cuts, like pyro. WWE Network’s growth also has leveled off and adding TNA programming may not bring in too many new subscriptions for the price WWE would likely have to pay to buy it.

So, if the rumors of Anthem wanting out are true, they may wait things out and want to sell down the line.

They’ve also just signed a new TV deal with Pop through the end of 2018 and announced that they’re launching a streaming network, so it at least appears like they have no imminent plans to shut down or sell.

Kevin Sullivan, the “VP of Production” for Impact Wrestling took to Twitter to bash the Sports Illustrated sale story, calling it “bs.”

@SInow when did it become ok to print bs? As a journalism major, I find your fact checking to be less than diligent.

— Kevin Sullivan (@KevinSullyTV) September 7, 2017

@SInow will you be following up with another story with the facts? @GFWWrestling is: Launching the Global Wrestling Network.

— Kevin Sullivan (@KevinSullyTV) September 7, 2017

He continued on Twitter:

@GFWWrestling Is launching on Pluto TV. Is launching in Germany, Austria, and Switzerland, via ran FIGHTING. And extended their deal on @PopTV

“Anthem is committed to broadening Global Force Wrestling’s footprint, as we work alongside international broadcast partners digital platforms and professional wrestling promotions to bring our passionate fans a high-quality product that not only stands out in today’s media landscape, but continues to thrive into the future.”

Uncertain future?