I like the look of both versions of the logo. I think #2 needs more white to make. I'm not sure if there's some significants to the shape above/around the V in these two examples. I like how Wrestling Video Solutions is spelled out, because we have almost no brand awareness right now, and that tells people what this logo is for. I'd like a stronger connection to wrestling with the logo, so that we do do have a stronger brand, I could manage to use a version of the logo without the name spelled out. The look is clean, and I like that a lot.
I also wanted to say that I like the text in these versions much better than in the other versions that have been submitted so far. I'd just like to see a little stronger tie to wrestling with the imaging.