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WHERE THINGS STAND WITH WWE BUYING THE WATTS LIBRARY

As we noted a few months ago, WWE was in the process of purchasing the Watts library.

The library, as of today, still has not been purchased. I am told it's a contractual issue as they have come to terms on the price for the library but there have been repeated issues with the language of the contract when it's been presented that has led to the Watts family from signing on the dotted line.

The two sides are still in discussions and it's considered just a matter of time. Until they sign the contract however, the Watts family is still fulfilling orders on the library via their UniversalWrestling.com website.

The Watts video library consists of Mid-South Wrestling, Mid-South's Power Pro Wrestling TV and the original Universal Wrestling Federation. Unlike most libraries, there were a number of complete house shows from the 1980s that were filmed and maintained along with the TV footage, which would allow WWE access to lots of rare footage that can be re-purposed for their properties.

The library, which was owned by Bill Watt's ex-wife Ene as part of a divorce settlement, was the largest known video collection now owned by WWE. There have been numerous meetings and three previous attempts to purchase the library by WWE but the two sides had been unable to come to terms.

With the plans in motion for the proposed WWE Network, WWE wants the additional material in their archives.

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