You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Every Friday
Louder
Louder’s weekly newsletter is jam-packed with the team’s personal highlights from the last seven days, including features, breaking news, reviews and tons of juicy exclusives from the world of alternative music.
Every Friday
Classic Rock
The Classic Rock newsletter is an essential read for the discerning rock fan. Every week we bring you the news, reviews and the very best features and interviews from our extensive archive. Written by rock fans for rock fans.
Every Friday
Metal Hammer
For the last four decades Metal Hammer has been the world’s greatest metal magazine. Created by metalheads for metalheads, ‘Hammer takes you behind the scenes, closer to the action, and nearer to the bands that you love the most.
Every Friday
Prog
The Prog newsletter brings you the very best of Prog Magazine and our website, every Friday. We'll deliver you the very latest news from the Prog universe, informative features and archive material from Prog’s impressive vault.
Smashing Pumpkins’ Billy Corgan has lost his legal fight to take over TNA Wrestling – the company which named him president in August.
He’s been working with the wrestling firm since last year, first as a creative producer, and replaced Carter as president in the summer.
Corgan gave the cash-strapped company three loans over the past few months – with the last payment reportedly given on the condition that he’d be permitted to take over the firm if it became “insolvent.”
His lawsuit argued that this was what happened – but the judge rejected the claims because they “did not meet burden of proof.” The judge did, however, order that Corgan’s loans be repaid this week.
Corgan says: “For those asking, I’m in no way disappointed in the judge’s ruling regarding TNA. Rather, I’m grateful the judge considered the case.
“It’s important to note these proceedings have brought forth facts which illuminate business practices I have fought against for a reason. And I suggest that a careful reading on the judge’s ruling supports there can be no claim of victory by anyone in a position of authority.”
Earlier this year, Corgan hinted he wouldn’t rule out a classic lineup Pumpkins reunion after he revealed he was back on talking terms with his former bandmates, D’Arcy Wretzky, Jimmy Chamberlin and James Iha.
