After days of speculation and rumors, World Wrestling Entertainment (WWE) confirmed today that it has purchased the tape library of Total Nonstop Action (TNA) Wrestling, only to discover that the entire collection is on defunct videotape format Betamax.
WWE mogul Vince McMahon was reportedly “furious” that he has to trudge down to the basement of his Connecticut mansion to pull out his Sony BetaStack 3000, which he hasn’t used since the Coliseum Home Video release of WWF Bloopers, Bleeps and Bodyslams.
The tape sale was reportedly brokered by rocker Billy Corgan, who had previously acquired the tape library at a Nashville swap meet in exchange for The Smashing Pumpkins Greatest Hits VHS Box Set.
It is unclear how WWE will use the tapes — whether they will be transferred to a digital format for the WWE Network, or buried in the New Mexico desert alongside unsold copies of Atari’s ill-fated E.T. game.
McMahon reportedly spent the entire afternoon watching grainy footage of Ron Killings and wondering if he’s any relation to R-Truth.