I have a very important issue I'd like to discuss with all Bleacher Report readers.
The release of the new "Rise and Fall of WCW" DVD got me thinking about the present-day WWE, where it's come from, and where it's headed for the future.
Ever since Vince McMahon purchased a wrestling promotion from his father in 1982, he has truly created a monopoly for himself by breaking the golden rule at the time, which was to stay within the boundaries of your territory when it came to television deals and acquiring new talent. He broke the unwritten law and has had a target on his back ever since.
I hear a lot of people complaining on the Internet week after week about how WWE has become a stale product and they hate watching it. But the fact remains that WWE, RAW especially, still gets high ratings in a competitive time slot.
Luckily for the company, those venting their frustrations over the web only make up a small percentage of wrestling fans. If it were up to the majority of online fans, then John Cena would be fired on the spot and there would be TLC and Hell In A Cell matches every second week.
Let's step back for a second and ask ourselves a question: what would the repercussions be if all of the sources of revenue, including live shows, pay-per-views, merchandise, television deals, WWE films and the countless magazine and autobiography sales suddenly dried up because the fans turned their back in hopes of finding entertainment elsewhere?
Simply put, if the unthinkable were to happen and WWE actually went bankrupt, how would it impact professional wrestling around the world?
In my opinion, if the McMahon family had to close down all facets of the company, then professional wrestling outside of Mexico, Japan, and Europe would be headed for some very dark days indeed. I'm not the religious type, but we should all pray that either this never happens, or somebody (most likely TNA) can rise above themselves and push for the #1 spot.
What would happen to the 600+ current employees of WWE, from the on-screen talent to the backstage crew? Sure, a lot of them could find jobs in other promotions such as TNA, ROH, or even overseas, but the sad fact of the matter is that even TNA, which is considered the second-biggest promotion in America, if not the world, would not be able to support such a large number of workers.
Would those same wrestlers even want to perform in front of the small crowds every other company has? I think going from performing in front of 20,000 screaming fans each week to a measly 1,000 every once in a blue moon, along with taking a significant pay cut, would turn a lot of talent away from the business for good.
Would there have to be a single entity that takes over, or could the responsibility be shared among those most qualified to handle it? Could professional wrestling in the USA possibly return to the days of territories?
If this were to happen, it would have to be one of the biggest falls from grace any company has ever had. WWE sells tons of merchandise each month, along with the sheer magnitude of profit they make each financial year. To go from such a high status to hitting rock bottom would be devastating for anyone to watch. I couldn't even imagine what it would be like to be a part of it.
It can't last forever, can it?