After initial payments were made, AO1 stopped receiving the money they were owed, which led to this lawsuit
? A few more details from Billy Corgan’s lawsuit against TNA have surfaced although there is not much since the documents have been sealed by the judge. Corgan apparently filed a restraining order, which was approved, and while it doesn’t say what or who it is for, it’s probably a restraining order to prevent Dixie Carter from completing a sale of the company behind his back. PWInsider adds that a temporary injunction hearing has been set for October 20 in the morning and in his lawsuit, Corgan is asking for a six-person jury to hear the case. Corgan, along with another minority owner Aroluxe, are owed hundreds of thousands of dollars, and some say even millions, by the company. There was a plan to sell the TNA video library to WWE and then the rest of the company to Billy Corgan, who would then start fresh under a new name with the same talent.
? It has surfaced that Audience Of One Productions also sued TNA at the end of September along with Chief Financial Officer Dean Broadhead and Aroluxe Marketing for unpaid production services which total $222,. The lawsuit also seeks secured interest, pre and post-judgment interest, attorney fees, and all costs related to the lawsuit. The lawsuit states that in Spring of 2015, AO1 entered into discussions about a possible long-term, multi-event, production services agreement, pursuant to which AOl would provide a variety of production services for live TNA events, including audio/visual and broadcasting work, lighting, set construction and breakdown. The production services where originally handled by Aroluxe, headed up by former TNA and WWE tag team Ron and Don Harris, and the lawsuit says that TNA, specifically Dean Broadhead, was not happy with the services that Aroluxe was providing. Broadhead told AO1 that they would answer to him and not Aroluxe and on , TNA and AO1 entered into a contract for at least two TNA events at Universal Studios in Orlando. Following a successful partnership for these two events, TNA contracted AO1 to provide production services for the Bound for Glory pay-per-view. “TNA was apparently in dire financial straits at the time of these negotiations, with reports in the media suggesting that, among other financial woes, TNA was behind on paying some of its key “talent,” i.e., wrestling personnel,” the lawsuit stated. “We are planning to go back into Universal Studios in 2016 and get back on the right track with our production. Please, please hang in there with us. We will come out of these difficult times in a much better position as a company and a partner,” Broadhead told AO1. The payment was never done and AO1 invoiced TNA $293,, which included a 1.5% late payment fee. After receiving the new invoice, Broadhead came up with a payment plan where TNA would pay the company $35,875 per month. The lawsuit was filed in the District Court for the Eastern District of Virginia.
AO1 sent TNA a final invoice of $288,, however Dean Broadhead told the company that TNA was trying to close a new TV deal and would be paying after the deal is done
? It seems like that the company who funded TNA’s latest round of tapings along with Bound For Glory carries the name of MCC Acquisition Corp. According to the Uniform Commercial Code documents filed with the Tennessee Secretary of State, TNA’s parent company Impact Ventures entered into this debt with the company on September 30, a week before Bound For Glory was set to take place. The registered address for MCC Acquisition Corp is listed at 171 East Liberty Street in Toronto, Canada, the same address of Anthem Sports & Entertainment, the parent company of The Fight Network. The Fight Network signed a multi-year deal with TNA last year to broadcast Impact, Xplosion, and Greatest Matches in Canada. We have reached out to The Fight Network for comment on the story and will update if a reply is received.