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The fact that it went out of business shows it sucked.
It doesn’t matter if those in a niche bubble liked it.
ECW is another example, it sucked, no matter what excuses Paul Heyman makes it simply wasn’t good enough to generate enough people to watch, most didn’t like it, even if a niche bubble did.
No it doesn't mean it sucked. I was actually hoping you would catch my "intentionally " omissions and choices of wording (something I also do when having political discussions to see if the person knows what they're talking about,, or just being a lemming and following others) but I'll give you the run down.
I apologize if anyone has mentioned some of the things I'm about to discuss. I didn't read every post in the past few pages. I know Deezy has discussed some of these in the past.
SMW ran from 1991 to the end of 1995. What occurred during this time frame? The 90s Wrestling Recession. What does this mean? No one was really drawing during this time. Both WWF and WCW were not having their best years. However, the pre Hogan WCW years were good shows. Even though the Recession occurred, SMW were selling out shows in Virginia, Tennessee, Kentucky, and Georgia. Hell, the sold out the Cobb County Civic Center with Jim Cornette vs Bob Armstrong as the main event. Hell, WCW and WWF couldn't sell that place out with a house show. WWE can't even get 6K in Columbus and Macon any more. Those places are growing, but interest in wrestling isn't at the moment.
Now, it costs money to run any business. Basic accounting skills will show you, even if you make $30,000, your total amount of expenditures could leave you with only $1000 of disposable income. What are these expenditures, you may ask? Wrestlers Salaries, vendors Salaries, hired security (a requirement in the State of Georgia and most other states), rental fees, promotion fees, etc. Without a major television deal, you don't get that advertisement revenue. Another advantage that the larger promotions have. You also don't get that exposure to a national audience. WWE gets a good chunk of change off of the candy company that sponsors them.
Let's also look at what else happened during this time frame. WWE brought Cornette over to help get their monster heel champion, Yokozuna, over. So more of his time was deflected from his own promotion to the WWE. Cornette, would eventually become a full timer in WWF and one of the more interesting pieces of the company at that time. Guess what else happened? Most of his talent were signed to WWE. Most ended up only appearing on a few episodes of Superstars, but they were given spots on House Shows and frequented the USWA. Also, WWF purchased the rights to the video library. So Cornette got a good job and got paid for his promotion. Not exactly going out of business when someone else buys your stuff, gives your employees positions, and puts you in the main event to save their promotion.
On the topics of Wrestling Recession, we are currently going through one now. Maybe AEW will take off, so WWE can get serious and we have some decent Wrestling again.