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The Fight Network's parent company files for bankruptcy, owes over $13.7 million


That One Wrestling Site With The Obnoxious Spyware is reporting that 619661 Canada Inc. (the parent company of The Fight Network) has filed for bankruptcy.  Public records indicate that they owe $13,748,318.06 and that a creditors' meeting set for tomorrow in Toronto.

Over the years, they've aired contemporary footage from CMLL, Pro Wrestling Noah, TNA, ROH, FMW, then-WWF developmental territory Deep South Wrestling, and various Canadian independents, as well as licensing older footage of Memphis wrestling (in the form of the "Opening The Vault" show that originally aired on WMC TV in Memphis and the America One network), various footage from the Savoldi family's library (including Wild West, USWA Texas, and GWF), the "Bushido" series of English-language UWFi shows that originally aired on Eurosport, and Stonecutter Media properties such as Women's Extreme Wrestling.  They also purchased the rights to the surviving St. Louis footage from Larry Matysik and promptly lost the tapes, instead using duplicates of Matysik's DVD backups.  Many of the entities named above are listed as creditors in the bankruptcy filing.

A variety of MMA programming aired on TFN as well, including the older Pancrase footage hosted by Josh Barnett that was originally produced for ImaginAsian TV, Best of DEEP, K-1, Hook-N-Shoot, and King of the Cage.  TFN also gained infamy for airing T&A-oriented programming like "Honey Wrestling."

TFN also produced various original programming, including Fight News and documentaries about Bret Hart and Randy Couture.  Couture is named as a creditor.  

They also purchased The Wrestling Channel (a free to air UK & Ireland-based network that briefly had a sister network, TWC Reloaded, which re-ran older TWC programming and was replaced by "movies 333" after 6 months) in late 2006 from founder Sean Herbert, who made a nice profit on the deal.  It was renamed "TWC Fight!" for a year or so before adopting the Canadian netowork's name at the beginning of 2008.  Routinely drawing "low but not zero" ratings, it folded at midnight local time on December 1, 2008.  In addition to the well-known European expansion, they briefly made a unnoticed move into the US, running on Backspace (an internet protocol TV or IPTV provider) for several months in 2007.

The network is still up and running, so this is presumably the equivilent of what is called Chapter 11 bankruptcy in the United States, where the company restructures while receiving protection from creditors.

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