Q Okay. So to clarify, the employment relationship between the wrestling talent and TNA, the wrestlers are considered independent contractors?
A Correct.
Q But there is contractual provisions that
A Just to prevent them from WWE.
Q And allow them to work with any other organization?
A Correct.
Q How many wrestlers do you currently have under contract?
A Currently we have between 50 and 60. We just signed a big two-hour television agreement with Spike TV which is the biggest milestone in our companies history. So we have 10 just recently acquired more talent to be able to fill from one hour to two hours worth of programming.
Q And what is the typical length of contract between TNA and its wrestlers?
A There is not one set one, but it is as least -- we try to on ones we would like to have longer relationships with, I believe it is one year with two one-year options. Some of them are under contract as show to show.
Q I was going to say, are there short-term contracts as well?
A Very much so, yes, sir.
Q Okay. And can you give us a sense of the pay structure for your talent? What are wrestlers typically paid and what is the range of salaries for your wrestlers?
A This is the confidential part, but -- the confidential part, but Mr. Cacheris. She feels it is confidential. So I don't think we're asking for any she'll tell you to answer your question.
Ms. Carter. I have no problem you knowing, but just the average wrestling fan.
Ms. Safavian. names of individuals.
Ms. Carter. No, but they'll know. They'll start off at 11
Q To clarify -- before you answer this question, I'll again reiterate what I told you at the beginning. The committee always reserves the right to make this material public. Of course, we'll take your considerations into account as we go through those deliberations.
A They are usually paid in -- between -- I'd say 90 percent of our talent are paid per show. There are a few exceptions that are paid more than that, but that is the solid range.
Q Okay. And
A And they're paid per appearance.
Q I was going to say the basis is per appearance.
A So it is not a lot of money. That's why we -- you know, they do work outside as well.
Q Okay. You had started to go over this a little bit. Can you walk us through TNA's current schedule, how you're schedule is set up?
A Yes, absolutely. Up until October 4th, we had a one-hour show on Spike TV, and we deliver a 1 hour pay-per-view every month to, like, In-Demand and Direct TV and DISH, where you pay $29 to get the show. On Spike TV, when we had one show, because we were operating in the red, we were taping two shows a day. We film at Universal Studios in Orlando. We were taping two shows a day. So we 12 would film two l-hour shows. When we went to the 2-hour format on October 4th, we couldn't do 4 hours of taping in one day. So now we do if we have a pay-per-view, it is Sunday and then we'll tape Monday, Tuesday. So they go to Orlando and we'll tape Sunday, Monday, Tuesday there. And then we'll wait 2 weeks and then come back Monday, Tuesday. That's on average what we do.