CZW gets a new investor.
PWInsider reports that former ECW General Manager and Urban Wrestling Federation owner Steve Karel is investing in CZW and will be overseeing the promotion moving forward.
Karel was brought in to the original ECW to help with the financial side of things. In a 2013 interview, Joey Styles said, according to Karel, "if everybody affiliated with the company had been willing to work for half of what they were making, that the company could have kept going."
The reports states Karel and CZW had plans to broadcast a live series of pay-per-view events through Karel's Stonecutter Media. Karel has been licensing content from the promotion for their own pay-per-view series.
From their website:
For more than 30 years, led by Steve Karel, Stonecutter has helped clients crush the competition in media, entertainment, and live event production and distribution. In a nutshell, The Stonecutter Group is three distinct businesses led by Steve Karel:
Stonecutter Media, Ltd. - Specializes in the creation and distribution of broadcast & digital programming for Stonecutter itself and its outside clients,
Stonecutter Event Promotions, Inc. - Produces & Manage original events for clients and Stonecutter itself, and
Stonecutter Productions - is your go-to for Marketing & Operational Consultation.
An authority in the art of crafting and delivering truly original content and media, Stonecutter and Steve Karel offer clients hands-on expertise with services in programming, production, distribution, marketing, and media consulting. We get it, some folks just want vanilla production and we can facilitate that with turn-key precision. But if you’re looking to capture the true fanatics of your target audience, Steve Karel and the Stonecutter group will cultivate, a passionate and extremely loyal customer base that deliver revenues for years to come.