Arn Anderson gives his honest opinion of the downfall of WCW

by   |  VIEW 1578

Arn Anderson gives his honest opinion of the downfall of WCW

World Championship Wrestling (WCW) was an American wrestling federation based in the city of Atlanta (Georgia), founded on 11 October 1988 by Ted Turner and disbanded on 26 March 2001. Founded on the basis of Jim Crockett Promotions (JCP), a federation that was part of the National Wrestling Alliance (NWA) circuit from 1952 to 1988, World Championship Wrestling was born when Ted Turner acquired JCP on the verge of bankruptcy.

Following the appointment of Eric Bischoff as executive producer in 1995, WCW became the protagonist of great economic growth, thanks also to the hiring of Hulk Hogan and the creation of the stable known as New World Order.

With the birth of the Monday Nitro television program, a war for Monday night ratings broke out with the World Wrestling Federation (WWF), which instead broadcast Monday Night Raw; although WCW took the lead in the fall of 1996, it was ultimately the WWF that came out on top.

Following a deep financial crisis, WCW plunged to the brink of bankruptcy in early 2001 and was then sold to Vince McMahon, owner of rival WWF. Despite WWF's attempts to create a WCW-only brand, fans did not appreciate this idea and cheered when the WCW Champion Booker T was attacked during this brand's main event by heels Steve Austin and Kurt Angle.

During this period, moreover, many WCW titles were still defended in WWE (despite having the WCW name), until their various unification occurred in 2001. In 2004, WWE produced a DVD called "The Monday Night Wars" which has received a lot of criticism, as it appeared to be done with the sole purpose of pointing out WWE's superiority over WCW.

In 2009, WWE released a new DVD called "The Rise and Fall of WCW" which tells the federation's story from its roots to its sale to WWF. In a recent episode of his podcast, Arn Anderson spoke about the last days of WCW before the promotion's eventual downfall.

Anderson compared the promotion to a fire that would not be put out in time.

Arn Anderson on The downfall of WCW in 2001

"I couldn’t sprinkle any magic dust on it and I couldn’t put a new coat of paint or rationalize it.

For me, it was a period of my life that the companies I really loved – Jim Crockett Promotions that morphed into WCW, and then it became WCW – I saw that it was on fire, and the fire trucks weren’t gonna make it in time.

It was a really down, depressing time for me. I was looking at all the jobs, all the dreams, all the young guys – when that company goes down, at least half the jobs in the industry are gonna go down the sink with it.

To sit there and have to watch, it’s like somebody is holding my head straight and saying, ‘Watch the monitor. There’s the future. It doesn’t look very bright.’ Not a good feeling" - Arn Anderson said.

Fusion Media Ventures, who were working with Eric Bischoff, made a bid to buy WCW in January 2001, but the bid fell through after the AOL/Time Warner merger because of the lack of a TV deal. WCW ended up being bought by WWE in March 2001.

Following the purchase of WCW, we saw the Invasion angle, which also included ECW, who had also been bought by WWE and Vince McMahon.