Billy Corgan has had his say on recent reports that have cast doubt on the financial stability and possible viability of the NWA.
The NWA hit the headlines when a proposed TV deal was apparently pulled after the company featured drug-taking on a recent pay-per-view. Any hope of salvaging a deal with the network in question seemed to have sunk when WWE announced NXT was heading to The CW in 2024.
PWInsider reported that they had reached out to Billy Corgan about the rumours doing the rounds and the NWA owner was bullish on the financial health of his promotion:
[The] Financial health is fine. I’m 100 percent owner, still. No investors. So I answer to no one on expenditures except myself. For those who have noticed, this has been an incredibly successful period in my musical life; including a massive summer tour in 2023 and two more tours on the books for 2024 with an arena and festival summer run in Europe flowing into a stadium tour with Green Day.
So if I needed additional funding (I don’t currently) I can get it easily because I also own all my songs as well as my recorded work (what they call ‘masters’) since 2001; and which one could get loans on against future earnings, etc. if needed.
Corgan also shared his thoughts on reports stating that the NWA was going to be forced into cutting back on production costs, something that he dismissed:
This is where the stupidity of this kind of ‘reporting’ shows itself. Sarasota, Florida is a live-to-tape event which will turn into future episodes of Powerrrr. So we try to balance who’s flying in from where, etc. to ensure the quality of the show is very high against the cost of running a live remote. [The live remote] is much more expensive than running, say at Skyway in Nashville in a TV studio.
So by definition, this live ‘taping’ is more expensive than Powerrr in the studio. So we are actually spending more money, not less. 2023 has been the most expensive year yet of the Lightning One era and that’s a good thing because the wrestling and quality of our productions has never been higher, which feeds into landing TV deals.
Billy Corgan Planning No Roster Cuts In The NWA
As far as rumoured cuts to the NWA roster, Billy Corgan stated that there are no plans to lose any members of the roster:
None. The territorial system being reinstated is partly to make sure that if key roster talents are not in a particular TV taping cycle they keep working in our NWA ecosystem. We value everyone that works for us and some are under contract and some are not, but that doesn’t mean I don’t want everyone working for us all the time. [If I didn’t want them], I would not have invested time (and money by extension) in storylines and promotion of a character they own.
There have also been reports that NWA talent are growing increasingly frustrated by Billy Corgan’s leadership of the company but whether any will try and walk away from the promotion remains to be seen.