Total Nonstop Action (TNA) Wrestling is a privately held professional wrestling promotion founded by Jeff Jarrett and Jerry Jarrett. The company broadcasts its events on television and the Internet fifty two weeks a year with over a million weekly viewers on its primary television program, Impact Wrestling on Spike. TNA also gains revenue from live events, product licensing, and direct product sales. In 2002, Panda Energy International and its head executive, Robert Carter, purchased a controlling share (71%) in TNA from Co-Founder Jerry Jarrett. In 2009, Carter and Panda Energy acquired the rest of TNA (28%) from its Vice-President and Co-Founder, Jeff Jarrett, placing Carter as Owner and Chairman of TNA. Carter's daughter, Dixie, is President of the company.
TNA headquarters is located Nashville, Tennessee; its operating company TNA Entertainment, LLC. operates out of Universal Studios Florida in Orlando, Florida. The company previously bore the name "NWA Total Nonstop Action" as, at the time of its formation, it was a member of 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 abdicated from the NWA in 2004, but was permitted to continue to use the championships until the NWA abrogated their contract agreement with TNA in May 2007, after which TNA created its own championship titles.