How much did WWE pay for WCW?
WWE bought WCW for 2.5 million dollars. The Fusient Media deal with Eric Bischoff just a few days earlier had put in a bid of 48.3 million, but that was with the TV time. So WCW was basically sold off so the president of WCW could help out his friend.
How much did WWE pay for WCW in 2001?
As a result, AOL Time Warner sold the trademarks for WCW’s name and logo to the WWF for $2.5 million, in 2001. Shortly after the purchase, Vince McMahon purchased the entire WCW videotape library for an additional $1.7 million, bringing the final tally of World Championship Wrestling’s sale to $4.2 million.
When did Nitro become 3 hours?
January 1998
Nitro remained a two-hour program from May 27, 1996 until January 1998, when WCW and TNT agreed to a third hour for the still-#1 wrestling program in the country.
How much was Bret Hart paid in WCW?
Hart’s three-year contract with World Championship Wrestling included a salary of $2.5 million per year (a $1 million annual increase from his WWF contract), as well as a light schedule and a measure of creative control over his television character.
How much did Vince McMahon pay for WCW and ECW?
There was a lot that happened to reach that point, but McMahon paid a sum of $2.5 million to acquire his biggest rival and competitor.
When did Vince McMahon buy ECW?
WWE faced industry competition from World Championship Wrestling (WCW) in the 1990s, before purchasing the competing company in 2001. WWE also purchased the assets of the defunct Extreme Championship Wrestling (ECW) in 2003.
How much did Hulk Hogan make at WCW?
First, the WCW contract guaranteed Hogan a minimum of $675,000 for every pay-per-view Hogan appeared in. No matter what else happened, that money was Hogan’s. Between the start of the contract and the end of Hogan’s run with WCW (2000), Hogan appeared in 15 pay-per-view events for WCW.