California Media Company Buys CHIKARA Pro Wrestling

[John]

Worldwide Media Development Corporation sent out the following announcement…

January 3, 2011 - Philadelphia, PA

Worldwide Media Development Corporation (WMDC) of Reseda, CA is proud to announce the acquisition of CHIKARA, Inc./Five Star Promotions of Philadelphia, PA, effective today. Robert Lippincott, Executive Director for WMDC finalized the agreement of sale through the assistance of Karen Wright, acting vice-president of acquisitions.

"Karen (Wright) and Anton (Frady) deserve all the credit for bringing this exciting property to Worldwide. After nine seasons of reinventing an entire genre from the bottom up, CHIKARA is the premiere brand in its field, and it's time for the rest of the world to find out why."

It is expected that some of the directors from CHIKARA/Five Star will remain on during the transitional period. "I understand that Dave Coulier has an office there," Lippincott remarked, "and I'd really look forward to doing lunch with him (laughs.)"

Source - EWN.

[Smartmark]

Don't really know if this is good or not. I guess future will tell.

Thanx for posting John!

[Travicity]

Not sure about this might be good but not sure.

[Kenpachi Zaraki]

I know this is bad for the media company :shifty:

[Travicity]

The following press release was issued on 1/3, announcing that CHIKARA, one of the more original and unique independent groups running today, was purchased by the California-based Worldwide Media Development Corporation, a company which describes itself as "one of the world's leading and most respected entertainment development companies."

January 3, 2011 - Philadelphia, PA

Worldwide Media Development Corporation (WMDC) of Reseda, CA is proud to announce the acquisition of CHIKARA, Inc./Five Star Promotions of Philadelphia, PA, effective today. Robert Lippincott, Executive Director for WMDC finalized the agreement of sale through the assistance of Karen Wright, acting vice-president of acquisitions.

"Karen (Wright) and Anton (Frady) deserve all the credit for bringing this exciting property to Worldwide. After nine seasons of reinventing an entire genre from the bottom up, CHIKARA is the premiere brand in its field, and it's time for the rest of the world to find out why."

It is expected that some of the directors from CHIKARA/Five Star will remain on during the transitional period. "I understand that Dave Coulier has an office there," Lippincott remarked, "and I'd really look forward to doing lunch with him (laughs.)"

I don't know anything more than what we were sent along by David.

****

After looking into the release, it appears this is actually some well thought out angle of some sort on CHIKARA's end, as there's no record of the company that I was able to find outside of the CHIKARA-related business
and their website was launched just a few weeks ago. So, I apologize for any confusion.

PWI

[A Blissful Ass]

The following press release has been issued:

January 3, 2011 - Philadelphia, PA

Worldwide Media Development Corporation (WMDC) of Reseda, CA is proud to announce the acquisition of CHIKARA, Inc./Five Star Promotions of Philadelphia, PA, effective today. Robert Lippincott, Executive Director for WMDC finalized the agreement of sale through the assistance of Karen Wright, acting vice-president of acquisitions.

"Karen (Wright) and Anton (Frady) deserve all the credit for bringing this exciting property to Worldwide. After nine seasons of reinventing an entire genre from the bottom up, CHIKARA is the premiere brand in its field, and it's time for the rest of the world to find out why."

It is expected that some of the directors from CHIKARA/Five Star will remain on during the transitional period. "I understand that Dave Coulier has an office there," Lippincott remarked, "and I'd really look forward to doing lunch with him (laughs.)"


WZ

[Superman Dan]

Apparently its a storyline....rumours of PWG invasion.