Meltzer: Lucha Underground has lost enough money to make TNA look profitable

[Vinny Lupton]

All financial issues between Rey Mysterio Jr. with both Lucha Underground and AAA have been gotten up to date. The company is once again going to have to raise money or sign deals bringing in more money for a fourth season, but they’ve got about a year to do it since they are said to have the money for the next season of tapings through mid-May. When that is done, will have all their television taped through the summer of 2017. The company is trying to get a Lucha Underground movie produced for 2018 but people are skeptical that a brand on television with barely 130,000 viewers per week (the general feeling is that the replay show is mostly people watching originally staying to watch it a second time) would be strong enough to springboard a successful movie. According to one company source, the amount of money lost thus far is, after two seasons, slightly less than half of what TNA had lost after ten years in business

join the revolution, brehs
why can't they summon some money from the Aztec netherworld?

 

[El Cocodrilo]

Sadly they signed up with El Rey for season 2, I was really hoping they would get a Netflix deal

It's still possible though

 

[Silkk]

Need to start touring. They have nothing but time

 

[Vinny Lupton]

Need to start touring. They have nothing but time

Yeah, they are leaving money on the table. They couldnt even get it together to do something in TX on WM weekend. The problem is theyre run by TV guys, not wrestling people. They all had a meltdown when Cornette was dissing them for fukks sake

 

[Berniewood Hogan]

"They are maybe losing a certain amount of, eh, money. Um, or maybe they aren't. Plans could, um, change."

 

[Jello Biafra]

"They are maybe losing a certain amount of, eh, money. Um, or maybe they aren't. Plans could, um, change."

I was curious as to just what Meltzer was talking about...LU is a TV show with a production budget for each season. The only place that they could be bleeding money would be in those long-term contracts for specific wrestlers and that would only be if that money was coming out of a different operational budget.

 

[Vinny Lupton]

"They are maybe losing a certain amount of, eh, money. Um, or maybe they aren't. Plans could, um, change."

He didn't say that though. The Meltzer joke is played out. TNA Dixie also used to report that he was lying until it came out he was kicking facts. You think LU is turning a profit?

 

[Berniewood Hogan]

You think LU is turning a profit?

THE ANCIEN AZTEC GODS ARE GRATEFUL FOR THE SACRIFICES THE TEMPLE HAS PROVIDED, BROTHER!

 

[Vinny Lupton]

Meltzer on his own message board:


"I'm looking at it as a business.

They raised a bunch of capital from a variety of investors for season one. Lost millions of dollars. Went back to the original investors who decided to kick in for seasons two and three. Lost millions of more dollars.

People who try a differentiate between a TV show and a wrestling miss the entire point.

At some point in business you have to make money. They haven't figured out how.

If it was a TV station paying them a certain amount for programming and that was the case, why did they have to go back to the original investors? Why was there uncertainty about being able to do a second season even though El Rey had greenlit them until they got the new money?

Nobody ever said they were going out of business except their own TNA paranoia about telling their fan base our enemies say we're going out of business, pounce on them.

Next let's have an argument about whether people are in the wrestling business or the sports entertainment business."

 

[Jello Biafra]

Instead of resorting to that patented Meltzer vagueness, he could have actually spoken about where/how it is that LU is losing money. Talent contracts? Going over the production budget? Not acquiring efficient advertising?

 

[TheGodling]

Need to start touring. They have nothing but time

They can't, breh. Their roster is 90% tied to AAA. They can't take them on tour because AAA has them wrestling engagements. They can't sell merchandise of them because AAA has the merchandise rights. The tv-show is all they have.

 

[The Prince of All Saiyans]

why the hell do they do a whole season? is live just not an option?

 

[Beautiful Bobby Eatin]

Dont care where they are financially. The show is enjoyable so i dont need to nitpick the business just for fukkery sake like another organization with a declining ratings watch thread

 

[JohnB]

why the hell do they do a whole season? is live just not an option?

Live cost way more money. They save money filming one season in a couple days. TNA does this and WWE used to do this before the attitude era when they were losing money.

 

[The Prince of All Saiyans]

Live cost way more money. They save money filming 1 season in a couple days. TNA does this and WWE used to do this before the attitude era when they were losing money.

thanks, never understood the purpose

I forgot WWE used to do this

but I thought it was cause HBK was on top?