jsilverjanet Posted April 17, 2016 Share Posted April 17, 2016 You've got to be judicious & circumspect when awarding top management long term employment contracts. Tupenny should author a business book. It'd be literary, with beautiful art. I picture it to be similar to William Blakes songs of innocence and experience greggy 1 Link to comment Share on other sites More sharing options...
DavidTheDavid Posted April 17, 2016 Share Posted April 17, 2016 Let's say Wizard did tank, went as far as having to restructure in bankruptcy, how do you think that would affect the collector's market? Link to comment Share on other sites More sharing options...
BarryAllen Posted April 17, 2016 Share Posted April 17, 2016 In the short term the newer shows would fold and even some of the older ones. Some would find new companies to sponsor, but would likely need to change the name due to trademarks. Impact to the market, I am not sure there would be a huge negative impact given how prevalent online transactions have become. The higher end market (books most likely bought or sold in person) might slow until shows pick back up. Either way, Wizard folding is going to be a polarizing subject round these parts... Link to comment Share on other sites More sharing options...
BarryAllen Posted April 17, 2016 Share Posted April 17, 2016 via Imgflip Meme Maker While not a great scenario. Their stock is at the same price it was a year ago. Not exactly the apocalypse. Time to buy! Link to comment Share on other sites More sharing options...
Lazyboy Posted April 17, 2016 Share Posted April 17, 2016 Let's say Wizard did tank, went as far as having to restructure in bankruptcy, how do you think that would affect the collector's market? Collectors of what? T-shirts? Swords? Posters? Link to comment Share on other sites More sharing options...
mysterio Posted April 17, 2016 Share Posted April 17, 2016 As long as someone would keep an epic Chicago show in late summer I think we'd survive their passing. Link to comment Share on other sites More sharing options...
Thawk Posted April 17, 2016 Share Posted April 17, 2016 via Imgflip Meme Maker While not a great scenario. Their stock is at the same price it was a year ago. Not exactly the apocalypse. Time to buy! That's what I was thinking - it's actually been doing ok for a while Link to comment Share on other sites More sharing options...
rjpb Posted April 17, 2016 Share Posted April 17, 2016 Twenty years ago, non-disclosure was pretty much the norm. With shady, careless or genuinely unaware sellers, but I recall plenty of dealers disclosing restoration when I bought through catalogs or at cons back in the early 90s. True, they may not have all been as thorough or skilled at detecting resto as presumably CGC is, and the discounting perhaps not as severe for minor stuff, but it still reflected poorly on a dealer if they didn't disclose. Unfortunately, to this very day, even reputable dealers can get careless when grading books, particularly if they are already in the lower grades. I've returned stuff with pretty obvious restoration that somehow wasn't caught, to sellers who appear to generally list restoration. Link to comment Share on other sites More sharing options...
TupennyConan Posted April 17, 2016 Share Posted April 17, 2016 You've got to be judicious & circumspect when awarding top management long term employment contracts. Tupenny should author a business book. It'd be literary, with beautiful art. I picture it to be similar to William Blakes songs of innocence and experience Everyone should visit the 3rd floor of Tate Britain. Link to comment Share on other sites More sharing options...
VintageComics Posted April 19, 2016 Share Posted April 19, 2016 Let's say Wizard did tank, went as far as having to restructure in bankruptcy, how do you think that would affect the collector's market? It wouldn't. There are many shows on any given weekend all over the country. There are actually 'too many' shows if that can be said IMO. They're stretching the market too thin. Link to comment Share on other sites More sharing options...
VintageComics Posted April 20, 2016 Share Posted April 20, 2016 WIZARD WORLD Scaling Back Conventions After $4.25m Loss In 2015 The comic convention franchise Wizard World is scaling back the number of conventions after filing a $4.25 million loss in 2015, according to ICv2. The company, which takes its name from the defunct magazine Wizard, held 25 events in 2015 for a combined revenue of $22.9m, which was less than 2014's convention revenue of $23.1m despite only hosting 17 shows that year. Looking closer, Wizard World's 2015 conventions earned on average $916,000 per show, as opposed to $1.36m in the year prior. Additionally, Wizard World has sold all but 10% ownership of the fledging ConTV to Cinedigm. That venture was a $1.3m loss for WizardWorld in 2015. WizardWorld has 19 conventions planned in 2016, with one being the new 'con cruise' venture. Link to comment Share on other sites More sharing options...
mysterio Posted April 20, 2016 Share Posted April 20, 2016 WIZARD WORLD Scaling Back Conventions After $4.25m Loss In 2015 The comic convention franchise Wizard World is scaling back the number of conventions after filing a $4.25 million loss in 2015, according to ICv2. The company, which takes its name from the defunct magazine Wizard, held 25 events in 2015 for a combined revenue of $22.9m, which was less than 2014's convention revenue of $23.1m despite only hosting 17 shows that year. Looking closer, Wizard World's 2015 conventions earned on average $916,000 per show, as opposed to $1.36m in the year prior. Additionally, Wizard World has sold all but 10% ownership of the fledging ConTV to Cinedigm. That venture was a $1.3m loss for WizardWorld in 2015. WizardWorld has 19 conventions planned in 2016, with one being the new 'con cruise' venture. They clearly bit off more that they should have in 2015, and their shows all suffered. I don't think anyone else looked at Des Moines or Madison and thought that those markets were ripe for giant comic shows. Not to mention able to justify $1,100 booths for a three day show. As already mentioned, their efforts to muscle into Indy and Orlando were also really stupid wastes of big money. Link to comment Share on other sites More sharing options...
revat Posted April 20, 2016 Share Posted April 20, 2016 WIZARD WORLD Scaling Back Conventions After $4.25m Loss In 2015 The comic convention franchise Wizard World is scaling back the number of conventions after filing a $4.25 million loss in 2015, according to ICv2. The company, which takes its name from the defunct magazine Wizard, held 25 events in 2015 for a combined revenue of $22.9m, which was less than 2014's convention revenue of $23.1m despite only hosting 17 shows that year. Looking closer, Wizard World's 2015 conventions earned on average $916,000 per show, as opposed to $1.36m in the year prior. Additionally, Wizard World has sold all but 10% ownership of the fledging ConTV to Cinedigm. That venture was a $1.3m loss for WizardWorld in 2015. WizardWorld has 19 conventions planned in 2016, with one being the new 'con cruise' venture. They clearly bit off more that they should have in 2015, and their shows all suffered. I don't think anyone else looked at Des Moines or Madison and thought that those markets were ripe for giant comic shows. Not to mention able to justify $1,100 booths for a three day show. As already mentioned, their efforts to muscle into Indy and Orlando were also really stupid wastes of big money. I bet those turned out better than WW China. I thought their strategy was to gain customer data/experience and choke out competition by operating at a loss for a few years, then come back with more experience, less shows per year, and a focused vengeance on hot markets. If so, then now is the time to strike. If not, then WTF were they doing?? And so far the con cruise sounds like the beginning of the worst horror movie ever. I wouldn't mind if they bottomed out, their business model seems poorly thought out. Link to comment Share on other sites More sharing options...
Murph Posted April 20, 2016 Share Posted April 20, 2016 They clearly bit off more that they should have in 2015, and their shows all suffered. I don't think anyone else looked at Des Moines or Madison and thought that those markets were ripe for giant comic shows. Not to mention able to justify $1,100 booths for a three day show. As already mentioned, their efforts to muscle into Indy and Orlando were also really stupid wastes of big money. There was a Wizard World Convention in Des Moines? Wow, I had no idea and I live in Iowa.. Link to comment Share on other sites More sharing options...
1Cool Posted April 20, 2016 Share Posted April 20, 2016 The Cleveland Con has been one of the few success stories. Go Cleveland! Link to comment Share on other sites More sharing options...
Rhymenoceros Posted April 20, 2016 Share Posted April 20, 2016 (edited) They clearly bit off more that they should have in 2015, and their shows all suffered. I don't think anyone else looked at Des Moines or Madison and thought that those markets were ripe for giant comic shows. Not to mention able to justify $1,100 booths for a three day show. As already mentioned, their efforts to muscle into Indy and Orlando were also really stupid wastes of big money. There was a Wizard World Convention in Des Moines? Wow, I had no idea and I live in Iowa.. Yeah, it was promoted and I setup there last year. Not even bothering this year. Everything I've heard lately about Wizard is that it's a sinking ship. Hopefully that cruise keeps afloat. Edited April 20, 2016 by Rhymenoceros Link to comment Share on other sites More sharing options...
revat Posted April 20, 2016 Share Posted April 20, 2016 They clearly bit off more that they should have in 2015, and their shows all suffered. I don't think anyone else looked at Des Moines or Madison and thought that those markets were ripe for giant comic shows. Not to mention able to justify $1,100 booths for a three day show. As already mentioned, their efforts to muscle into Indy and Orlando were also really stupid wastes of big money. There was a Wizard World Convention in Des Moines? Wow, I had no idea and I live in Iowa.. Yeah, it was promoted and I setup there last year. Not even bothering this year. Everything I've heard lately about Wizard is that it's a sinking ship. Hopefully that cruise keeps afloat. I see what you did there. And it won't. Link to comment Share on other sites More sharing options...
mysterio Posted April 20, 2016 Share Posted April 20, 2016 They clearly bit off more that they should have in 2015, and their shows all suffered. I don't think anyone else looked at Des Moines or Madison and thought that those markets were ripe for giant comic shows. Not to mention able to justify $1,100 booths for a three day show. As already mentioned, their efforts to muscle into Indy and Orlando were also really stupid wastes of big money. There was a Wizard World Convention in Des Moines? Wow, I had no idea and I live in Iowa.. Yeah, it was promoted and I setup there last year. Not even bothering this year. Everything I've heard lately about Wizard is that it's a sinking ship. Hopefully that cruise keeps afloat. I see what you did there. And it won't. Yeah, I can't see the cruise going over well. And what celeb in their right mind wants to be trapped onboard a ship with people geeking out for four straight days? It definitely sounds like a horror movie for them, either trapped in their room or constantly "on" for days on end. Hemsworth seems to have the right idea, I saw that he is meeting the cruise in the Bahamas but won't be on the ship. Very smart. Link to comment Share on other sites More sharing options...
Rhymenoceros Posted April 20, 2016 Share Posted April 20, 2016 Good point. I think if anyone is capable of being "on" with fans for 4 days straight, it's Reedus. He seems like he wholeheartedly loves his fans, unless they bite him.. Link to comment Share on other sites More sharing options...
Designer Toast Posted April 21, 2016 Share Posted April 21, 2016 WW went too big, too fast, with too much. When you hit a sweet spot and things are going good, don't get greedy and don't try screwing others over. Pretty simple. A good friend of mine is booked for that WW cruise and he'll give me a full report. Link to comment Share on other sites More sharing options...
