In the video below, TNA President Dixie Carter and Billy Corgan address the TNA World Heavyweight title situation and the injunction storyline with Ethan Carter III and Matt Hardy.

Dixie says she was ready to fight the injunction at all costs but after talking to Hardy yesterday, she made the decision to accept Hardy relinquishing the title.

There will be a “World Title Series” that starts on tonight’s Impact Wrestling and that will eventually see a new champion crowned. Corgan says they are confident this will give them the champion they need.