TPWW Forums - TNA owe production company 6 figures

http://www.pwinsider.com/ViewArticle.php?id=109126

Quote:

Impact Wrestling (formerly TNA) admitted before the U.S. District Court, Eastern District of Virginia that the company indeed breached their deal with former production company Audience of One Productions, LLC and that their Repayment Agreement with AO1 was a "valid and enforceable" contract in a filing on 4/14.

As part of that admission, Impact Wrestling agreed that the remaining balance they owed AO1 would be paid immediately, plus interest. Impact agreed to pay AO1 $336,602. The court officially closed the lawsuit yesterday with prejudice, which means that as long as AO1 is paid in full, they could not bring new claims against the company.

Sounds like some people will be working for free again!