Total Nonstop Action (TNA) Wrestling is a privately held American professional wrestling promotion based in Nashville, Tennessee, dealing primarily in professional wrestling, with major revenue sources also coming from live events, product licensing, and direct product sales. Founded by its former President, Jeff Jarrett, and former Chief Executive Officer (CEO), Jerry Jarrett, in 2002 as J Sports & Entertainment, LLC,[8] it is the second-largest professional wrestling promotion in the United States after WWE.[9][10]
Panda Energy International (a.k.a. Panda Energy) purchased a controlling interest (71%) in the company in 2002 from Jerry,[11] re-incorporating it to TNA Entertainment, LLC in the process. Jeff, the company's former Vice President, departed the company as Executive Vice President of Development/Original Programming on December 22, 2013, but remained as minority shareholder until his return on June 24, 2015. Jarrett's departure as minority shareholder, & therefore his complete departure from the company, came as a result of his return to the promotion, with the deal for his return including the sale of his minority stake to Panda Energy,[6][7] resulting in TNA becoming a wholly owned subsidiary of Panda Energy. Panda Energy founder Robert Carter and President and Chief Executive Officer Janice Carter's daughter, Dixie, is President of TNA.[12] The company's headquarters are located in Nashville, Tennessee.
The company previously bore the branding "NWA: Total Nonstop Action" (a.k.a. NWA: TNA) — at the time of its formation, it was associated with the National Wrestling Alliance (NWA). TNA was granted exclusive rights to both the NWA World Heavyweight Championship and the NWA World Tag Team Championship. TNA withdrew from the NWA in 2004, but was permitted to continue to use the championships until the NWA abrogated the agreement in May 2007. TNA became the first American promotion to make exclusive use of a six-sided wrestling-ring as opposed to the mo
