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A settlement has been reached in InternetWrestling.TV’s lawsuit in opposition to Sport Changer Wrestling.
IWTV filed the lawsuit in June 2021, alleging that GCW dedicated a breach of contract over pay-per-view occasions, claiming that that they had unique rights to movie, produce and digitally distribute GCW pay-per-views. GCW started airing their occasions on FITE TV in December 2020, which led to the lawsuit from IWTV.
IWTV initially claimed an estimated $500,000 in income loss. Their 2021 lawsuit, filed in a Pennsylvania court docket, mentioned GCW held 36 pay-per-view occasions between December 5 and Could 15, all of which have been a violation of the settlement. IWTV mentioned they notified GCW concerning the breach, however GCW saved selling reveals. The damages have been in extra of $500,000 however couldn’t be totally calculated till GCW supplied income from these reveals.
GCW tweeted on December 26, 2020 that they have been formally requesting to be launched from their IWTV contract, which got here with “unhappiness and remorse,” including that there was “apparently no different possibility.” IWTV filed their lawsuit a couple of months later, and GCW had filed to have the go well with dismissed again in August.
In an replace, GCW introduced as we speak a settlement has been reached, and the lawsuit is over. IWTV will reportedly not obtain any compensation in damages, and GCW will retain possession of all content material.
Moreover, as part of the settlement, GCW will present IWTV with “The Settlement Sequence” over the subsequent 12 months, which shall be a collection of 8 stay occasions. Particulars on the collection shall be introduced within the coming weeks.
GCW known as this a significant step ahead for the promotion. In addition they mentioned this serves as a giant win for indie wrestling and its followers. You may learn their full assertion under:
Sport Changer Wrestling is happy to announce that we’ve involves phrases on a settlement settlement with IWTV that brings an finish to litigation between the events.
This settlement represents a big milestone for GCW, however most significantly serves as a victory for INDEPENDENT Wrestling and its followers.
This settlement additionally affirms our lengthy held perception that GCW is the SOLE OWNER of our prolonged library, which incorporates all Sport Changer Wrestling, Jersey Championship Wrestling and LA Fights occasions.
That is vital not only for GCW, however for all unbiased wrestling promotions throughout the US and overseas as all of us navigate the ever altering panorama {of professional} wrestling.
Additional, this settlement removes obstacles that had beforehand restricted our means to capitalize on our content material and clears the best way for us to maneuver ahead with bold plans to “change the sport” in 2022 and past.
Most significantly, this settlement permits us to focus all of our efforts and assets on what issues… producing and delivering one of the best product doable for our quickly rising and world fanbase.
Lastly, whereas this settlement defines a conclusion to our relationship with IWTV, it doesn’t imply it’s the final time you will note GCW on the platform. As a part of this association, GCW will present IWTV with “The Settlement Sequence”, a collection of 8 stay occasions spanning the course of the subsequent 12 months. We stay up for asserting dates and particulars on these occasions within the coming weeks.
This final 12 months has been making an attempt. As a small enterprise, our assets are usually not limitless. Litigation was a final resort, however a vital step in establishing our independence. On the finish of the day, we thrive within the area, and our assets are finest directed in direction of the ring… not the courtroom.
Enduring this course of would NOT have been doable with out the help of our crew, our performers, and most significantly… the followers. Your loyalty has been unwavering and collectively, we’ve continued to make historical past and take each Sport Changer Wrestling and unbiased wrestling to new heights.
We now have reached a settlement in our lawsuit with IWTV.
It is a main step ahead for GCW.
Thanks to everybody who has stood by and supported us all through this course of. pic.twitter.com/OieHhrYlbD
— GameChangerWrestling (@GCWrestling_) April 20, 2022
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