As you know, WCW went out of business in 2001. There were many things that lead to the company’s end, but the merger between with AOL Time Warner was the final nail in the coffin.
Today, WWE.com featured an article detailing the potential for a WCW revival in 2001. Before the end of WCW, Eric Bischoff had partnered with Fusient Media Ventures. Together, they had raised $67 million to purchase WCW from AOL Time Warner.
In the article featured by WWE.com, Eric Bishoff said the following:
“We were going to shut [WCW] down for a period of time, then relaunch,” Bischoff said. “We needed a clean piece of paper to draw on. We couldn’t reach into the trash, pick out the crumbled and trampled creative — that had been WCW for the last year-and-a-half — and try to make people feel good about that again. In order for the relaunch to feel like one, it had to go away. The thinking was, let’s get people talking about the new WCW and what it was going to look like and feel like.”
Bischoff had the idea to relaunch the WCW brand with a PPV called “WCW’s Big Bang” that would have brought the company a new piece of paper to draw on and bring them back into the Monday Night Wars.
Unfortunately, Time Warner pulled the plug on the deal because they weren’t willing to give them the WCW television time. “WCW’s Big Bang” will remain a what if in wrestling history.