Most importantly, this settlement allows us to focus all of our efforts and resources on what matters - producing and delivering the best product possible for our rapidly growing and global fanbase.
This last year has been trying. As a small business, our resources are not unlimited. Litigation was a last resort, but a necessary step in establishing our independence. At the end of the day, we thrive in
Provide IWTV with "The Settlement Series", a series of 8 live events spanning the course of the next year. We look forward to announcing dates and details on these events in the coming weeks
Claiming that they had exclusive rights to film, produce and digitally distribute GCW pay-per-views. GCW began airing their events on FITE TV in December 2020, which led to the lawsuit from IWTV.
GCW about the breach, but GCW kept promoting shows. The damages were in excess of $500,000 but could not be fully calculated until GCW provided revenue from those shows.
Sadness and regret," adding that there was "apparently no other option." IWTV filed their lawsuit a few months later, and GCW had filed to have the suit dismissed back in August.
GCW announced today a settlement has been reached, and the lawsuit is over. IWTV will reportedly not receive any compensation in damages, and GCW will retain ownership of all content.
GCW called this a major step forward for the promotion. They also said this serves as a big win for indie wrestling and its fans. You can read their full statement below
