Hulk Hogan and Eric Bischoff recently announced a brand new joint-venture after two wrestling promos cut in an nWo style, with the "Hulkster" clearly going back to his "Hollywood Hogan" persona. In light of their Real American Freestyle Wrestling venture,

Eric Bischoff and Hulk Hogan unveil their plans. Earlier this week, WWE Hall of Famers Eric Bischoff and Hulk Hogan reunited in a black and white, NWO-style promo in which the latter asserted that they would “slice and dice” the wrestling industry like they did before.

There is a much-hyped “third man” joining Hogan and Bischoff: Israel “Izzy” Martinez, a legendary amateur-wrestling coach. Hogan and Bischoff began teasing this whole thing with a very WWE-style vignette (above) that doubled as a callback to their old WCW days.