Wednesday, October 26, 2011

Viacom Buys Majority Stake of Bellator

Big news today about Viacom buying a majority stake of Bellator Fighting Championships. Bjorn Rebney will remain in charge of Bellator but this puts Bellator into a seriously stable financial future.
“It puts all of those cornerstones of ownership in place for us,” Rebney said. “Which is something that’s been so seriously lacking in the MMA space with so many different companies, including Strikeforce and the IFL and Affliction and all the different failures that have occurred.… It alleviates those issues.”
The face of Bellator, lightweight champion Eddie Alvarez stated
“They’ll have a ton of more money to negotiate with, as long as I keep doing well and do what I’m supposed to do, the future looks bright. I was with a lot of promotions that failed, that flopped, and this is actually working. Everything’s coming to fruition.”
Along with Viacom buying a majority stake of Bellator, they have negotiated a move to Spike TV in 2013. These moves now solidify Bellator as the number 2 mixed martial arts organization behind the UFC.

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