Dave Meltzer of the Wrestling Observer is reporting that WWE offered “very little” to purchase TNA’s video library and is believed that the company wants no-compete clauses for a period with the owners if a sale is to go through.
A no-compete clause would not allow any of the owners to re-enter the wrestling business with the money they received from the sale for a specified amount of time.
WWE – on average – pays around $500 for an hour of footage when purchasing other tape libraries. It’s not known how much money WWE offered for the TNA library which dates back to 2002.
Meltzer also adds that John Gaburick, the Executive Vice President of Television Production for TNA was the one who got WWE into play. Gaburick worked for WWE for several years before departing in 2013.
