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Jasmine
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Competition is a great thing
Dec 2nd, 2019 at 1:16am
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For nearly 20 years, World Wrestling Entertainment (WWE) pretty much had a monopoly on the pro wrestling industry. Oh, there were (and still are) a bunch of smaller promotions scattered across the globe, but they are mere grains of sand compared to the WWE’s massive sand castle. And as the years passed, the WWE’s product became stale and stagnant.

Enter All Elite Wrestling.

AEW is owned by billionaire Tony Khan, whose father owns the NFL’s Jacksonville Jaguars. The company’s senior VPs are also active wrestlers who have grown a massive fan base thanks to social media and their creative skills.

AEW became legitimate competition the moment they landed a TV deal with the TNT Network.

Performers and fans alike have benefitted. Example: WWE veteran superstar Randy Orton was coming to the end of his contract. For weeks, he hinted that he was interested in signing with AEW. But the WWE eventually re-signed Orton to a new five-year deal that will pay him a lot more money. See how competition makes everything better?
« Last Edit: Dec 2nd, 2019 at 1:33am by Jasmine »  


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Re: Competition is a great thing
Reply #1 - Dec 2nd, 2019 at 1:22am
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Excellent example because that business has been lagging for decades. A billion dollar industry where there was almost no choice.
  

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Jasmine
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Re: Competition is a great thing
Reply #2 - Dec 2nd, 2019 at 1:35am
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Napoleon Bona parts 8 Thru 9 wrote on Dec 2nd, 2019 at 1:22am:
Excellent example because that business has been lagging for decades. A billion dollar industry where there was almost no choice.

Yep. AEW’s presence has forced the WWE to up its game, and everybody wins: the fans, the wrestlers, the industry itself, etc.
  


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Re: Competition is a great thing
Reply #3 - Dec 2nd, 2019 at 2:22am
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Jasmine wrote on Dec 2nd, 2019 at 1:35am:
Yep. AEW’s presence has forced the WWE to up its game, and everybody wins: the fans, the wrestlers, the industry itself, etc.


If you think about it the business collapsed and the WWF won because the NWA was designed to be anti competition. The NWA existed mainly to prevent promoters from competing against each other.. Their businesses were protected but they could not expand. No competition and things got stale and they could not adapt to the changing economic climates.
  

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Re: Competition is a great thing
Reply #4 - Dec 2nd, 2019 at 4:02am
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Free and unfettered capitalism often results in conspiracies between large businesses to stifle competition and guarantee their markets.
  
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Re: Competition is a great thing
Reply #5 - Dec 2nd, 2019 at 4:12am
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Little Lulu wrote on Dec 2nd, 2019 at 4:02am:
Free and unfettered capitalism often results in conspiracies between large businesses to stifle competition and guarantee their markets.


Well, it's a good thing that naughty unfettered capitalism doesn't exist anymore. However let's continue to clutch the unfettered capitalist pearls because Trump!
  

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Re: Competition is a great thing
Reply #6 - Dec 2nd, 2019 at 1:23pm
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I was traveling once in the early 90', in CT, near their headquarters...and they were having a convention of some sort...the first night I arrived, I was hanging out in the bar...and there were all these characters coming in for a drink....it took me a while to realize the men, women, small people etc...were all wrestlers in town for the get together...like drinking with the circus performers...
  
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Jasmine
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Re: Competition is a great thing
Reply #7 - Dec 2nd, 2019 at 5:42pm
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Napoleon Bona parts 8 Thru 9 wrote on Dec 2nd, 2019 at 2:22am:
If you think about it the business collapsed and the WWF won because the NWA was designed to be anti competition. The NWA existed mainly to prevent promoters from competing against each other.. Their businesses were protected but they could not expand. No competition and things got stale and they could not adapt to the changing economic climates.

That's very true. McMahon rocked the boat when he started invading other people's territories. He had the vision and desire to go national, and then worldwide. He's a horrible human being, but he definitely is a visionary.
  


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Re: Competition is a great thing
Reply #8 - Dec 2nd, 2019 at 6:54pm
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Napoleon Bona parts 8 Thru 9 wrote on Dec 2nd, 2019 at 4:12am:
Well, it's a good thing that naughty unfettered capitalism doesn't exist anymore. However let's continue to clutch the unfettered capitalist pearls because Trump!


It's so entertaining to watch you repeatedly struggle with reality, and lose each and every time.

  
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