Why did WCW go out of business???

Question

Why do you think WCW went out of business??? Was it WWF??

I don't think so!!! Here is what really happened in order:

1. Time Warner aquired many of Ted Turner's companies including WCW.

2. Time Warner did not want to continue any kind of wrestling organization due to the decline in the business as a whole. So they put WCW up for sale.

3. Eric Bischoff was about to buy. Fusient Media Ventures wanted to buy too.

4. In addition, they did not want any wrestling shows in general on TBS and TNT so they pulled WCW's TV Time.

5. Due to no TV time both Bischoff and Fusient pulled out,

6. Vince McMahon took advantage of the situation, purchased WCW and FAILED on what could've been the best wrestling storyline in history: WWF vs WCW. He needed to be more patient wait to aquire Sting, Hogan, Goldberg, Flair, Nash, etc.

Nitro's ratings in 2000/01 were very similar to Smackdown's current ratings. WCW in 2001 was doing just as well as Smackdown is right now.

WHAT DO YOU THINK???

Answer 1

Well the WCW drop actually had nothing to do with Vince or wwe.

They were hitting a low point in the show (which was still better than the current wwe product)
There was a general dropoff of wcw fans as well as wwf fans (wcw was still more watched than smackdown is now, and often raw)
There was a lot of money being paid to stars like Hogan, Flair and Sting.
WCW was losing money, but not that much money. It's just a business, Turner made a lot of money and the wrestling movement in general was dying out so he sold rather than lose money. Vince happened to have enough money (by running unopposed for several decades up until the 90s) to outbid.

Many of the WCW people wouldnt have joined when they bought out wcw due to the hectic schedules (most had cushy contracts) or personal hatred toward Vince.

Personally, I think Vince mcMahon is the most overrated businessman in history. He was just fortunate to inherit the leading name in wrestling and have no competition until the last 20 years. WWF is synomous with wrestling more than any other company (including wwe) so they have that advantage (It's the same reason kleenex tissues will never go bankrupt). But he's never been able to capitalize on most wcw and ecw stars, and nothing else he's ever done has been sucessful (XFL? WWE Cafe? ECW relaunch?)

Answer 2

Vince McMahon didn't FAIL anything. He once again proved that the WWE is the most dominant professional wrestling and sports entertainment company in the world. If he kept WCW alive, it would defeat the purpose of the whole Monday Night War. Vince put an end to the inferior company.

If Vince had tried to keep WWE vs WCW, he'd have to do drastic things, like make new shows for WCW. That would be idiocracy. He'd have to get "WCW" its own shows, much like he did for ECW today. That way, "WCW" has its place of dominance, where WWE would have to come and try to rival. WCW wrestlers couldn't just be in WWE. They need their own place. Obviously, that would take way too much work, getting the writers and even the money to sign all of these stars for something that may NOT have even worked.

(Naturally, this WCW show or shows would be like how the ECW is today, WWE's property and all, yet not too related to WWE's broadcasting of RAW and Smackdown, almost like it is its own promotion.)

Money is another issue. WWE may be a big company, but unless stars would be satisfied with low paying contracts, WWE couldn't sign everyone. WWE can't just throw around money like that. You have to be sure that if everything was planned, and Vince had the money, he would have signed as much of the WCW roster as possible.

Here's one more thing, and my closing. What would happen after that WCW vs WWE storyline? Someone has to win, and someone has to lose. Now we all know they'd make WWE win. So what would happen to the WCW stars? Would they just leave? Would they ALL sign with WWE? What would happen? That's why what WWE did was smart. End that storyline early with minimal stars.

So you see why McMahon didn't fail the storyline? There was nothing he could do for the WCW stars to make the rivalry any good. And it would cost way too much money. Vince was smart. He signed the stars he needed to so he could stay on the map. He knew too well of WCW and its fans, so he signed the necessary stars to WWE. But he didn't try keeping WCW alive.

Answer 3

I agree with most of what you have but not #6. When WCW was bought, they still had contracts that they were responsible for. Most of the wrestlers allowed WCW to pay them a lump sum of their contract, but not the total amount they would get if they finished out their contracts. That way the could go and sign with anyother company they wanted and the WWE got the wrestlers they wanted to sign New contracts. Ric Flair allowed his contract to finish out, since he only had a short time left on it. Sting was tired of the business around the take over so he "retired". I dont know about Hogan and Nash, but I know about Goldberg. He had the largest contract with time and money left when WCW was selling. He decided that he signed a contract and made WCW pay him his entire contract with no deductions to his pay and no lump sum or he would sue them for breach of contract. The company of WCW couldn't offically close down until that contract was paid off. Goldberg milked WCW for every penny of his contract that he was due.

Answer 4

WCW spent funds like it grew to become into growing to be on timber and had no infrastructure that would desire to effectively run any company, much less WCW. They have been given too reliable for a together as and grew to grow to be too arrogant whilst issues have been going reliable. ECW purely stored dropping precise notch skills to WWE and WCW, started dropping funds, and then had a crappy take care of Spike television who did no longer even sell ECW to any quantity. This, with huge costs, killed ECW.

Answer 5

wwe vs wcw and becuz shane mcmahon bought wcw then vine mcmahon and vince trashed wcw

Answer 6

I think most of America is realizing that wrestling is stupid. It's about time.

Answer 7

Yes that is true