Wizard Entertainment
Formerly | Wizard Press, Kick the Can, GoEnergy, Wizard World |
---|---|
Company type | Public |
OTCQB: WIZD | |
Industry | Entertainment |
Founded | 1991 (Wizard Press) 2001 (GoEnergy)[1] |
Founder | Gareb Shamus (Wizard Press) Strato Malamas[1] (GoEnergy) |
Headquarters | , U.S. |
Area served | North America |
Key people | John Maatta (CEO 2016–present) |
Products | magazines (1991–2011) |
Services | Fan conventions (1997–2021) |
Website | wizardworld |
Wizard Entertainment Inc., formerly known as GoEnergy and Wizard World,
Gareb Shamus started the previous bearer of the Wizard Entertainment name in 1991 as Wizard Press, the publisher of one monthly magazine: Wizard. That company evolved into a multi-title publishing company with diversified interests in branded products and related convention operations. By 2011, the company had discontinued its print division to focus exclusively on its convention business.[3] By 2015, the company had expanded to producing 25 annual conventions around the U.S. In 2021, Wizard sold its convention events business to FanExpo.[4]
Corporate history
Gareb Shamus founded Wizard magazine in January 1991 shortly after he graduated from college.[5] The company was originally based in Congers, New York.
Wizard purchased the
In December 2007, Darren Sanchez was named Vice President of Production at Wizard Entertainment.[7]
In early 2011, the company made some major corporate transitions. First, through an arrangement with Strato Malamas of the
Shamus was pushed out as company CEO in late 2011; his position was taken in March 2012 by John Macaluso.[5] In 2015, the company lost $4.25 million in revenue and cut back from 25 to 19 convention events in 2016.[11] Less than a week after the announcement of the loss, Macaluso resigned as CEO and was replaced by John Maatta.[12]
In 2018, Wizard World was renamed Wizard Entertainment, Inc.[2]
In 2021, after selling its last few conventions to FanExpo, Wizard Entertainment essentially ceased to exist.[4]
Publishing
The magazine also spawned several ongoing magazines dedicated to similar interests, such as
On January 24, 2011, after 20 years of publication, the company announced that Wizard would cease print publication and become an all-digital magazine called Wizard World, launching in February 2011.[10] At that point Wizard Entertainment also ceased publication of its sister magazine, ToyFare.
Black Bull Entertainment
In 2000, Wizard founder Shamus forayed into the world of actual comic book publishing, creating the imprint Black Bull Entertainment, featuring several well-known creators, including Mark Waid, Chris Eliopoulos, Nelson DeCastro, and Garth Ennis. The first Black Bull title was the limited series Gatecrasher: Ring of Fire.[14] Black Bull's titles included:
- Beautiful Killer (2002–2003), #1–3
- Gatecrasher (2000–2001), #1–6
- Gatecrasher: Ring of Fire (2000), #1–4
- Just a Pilgrim (2001), #1–5
- Just a Pilgrim: Garden of Eden (2002), #1–4
- The New West (2005), #1–2
- Shadow Reavers (2001–2002), #1–5
Black Bull published comics through 2005.
Conventions
Beginnings and growth
Wizard purchased the Chicago Comicon in
In May 2002, Wizard branched out from Chicago and produced Wizard World East at the Pennsylvania Convention Center in Philadelphia.[16] And in 2003 the company produced Wizard World Texas, adding Wizard World Los Angeles in 2004[17] and Wizard World Boston in 2005.
In 2007–2008, Wizard held conventions in Los Angeles, Philadelphia,
"Con Wars" / growing pains
Beginning in 2005, Wizard CEO Gareb Shamus made a concerted push to dominate the North American convention circuit. First, Wizard announced that it would be holding a comic book convention in Atlanta from June 30–July 2, 2006, the same dates on which the long-running Charlotte, North Carolina-based Heroes Convention was scheduled to take place.[20] This caused an outcry amongst the comic book community, as Atlanta is only a four-hour drive from Charlotte, and several comic book creators voiced concerns about an attempt by a large, corporate event to force out an independent comic book convention.[21][22][23] As a result of the outcry, many prominent creators signed up to appear at HeroesCon 2006 rather than the competing Wizard con. Wizard ultimately announced that it would postpone the planned Atlanta convention until 2007.[22]
In
Wizard Entertainment's
Despite Wizard World's setbacks in Atlanta/Charlotte and New York City, by late 2010, it was apparent that the company's strategy was to blanket the U.S. with Wizard conventions, including buying previously existing small-scale shows in various locations.[35]
Going public; further expansion
Wizard went public in 2011; its
The majority of our target audience is male-oriented and are major buyers of many types of entertainment and media.... We believe that this male demographic consists of tens of millions consumers in the United States and has hundreds of billions in spending power.... Our competitors are local one-time event comic cons. We have a competitive advantage over these comic cons because they do not have our economies of scale and operating efficiencies.... Further, the size of our Comic Cons and the volume at which we produce them give us the leverage to negotiate discounts on such things as hotels and other travel expenses.... We also believe that the size and volume of our Comic Con tours create a barrier to entry of new industry participants because, due to their size, such new industry participants would find it difficult to enter into certain markets, such as the larger metropolitan cities.[3]
Wizard's 2011 convention calendar included "a show-a-month schedule" and guest-lists of "nerd-lebrities of various levels of fame,... turning their shows into autograph-focused events."
Wizard skipped New York altogether in
The explosion in Wizard-produced conventions brought accusations that the entertainment behemoth was deliberately trying to push its competitors out of business.[42] On the other hand, many praised Wizard's professional and standardized approach to producing conventions.[5]
Convention contraction
In 2015, Wizard produced 25 conventions but lost $4.25 million in revenue.
By 2018, the company was producing thirteen annual conventions around the U.S.[44]
Post-pandemic woes; sale of convention business
The COVID-19 pandemic hit Wizard Entertainment hard — as it did the convention business worldwide. Most 2020 conventions scheduled for after mid-March of that year were canceled,[45] and many moved online in 2021.
Wizard World held only six in-person conventions in 2021,
References
- ^ a b c Wood, Jason (Jan 26, 2011). "WIZARD WORLD'S JOURNEY INTO BECOMING A PUBLIC COMPANY". iFanboy.
- ^ a b "Prairie Operating Co. CIK#0001162896". U.S. Securities and Exchange Commission.
formerly: GOENERGY INC (filings through 2011-01-25), formerly: WIZARD BRANDS, INC. (filings through 2021-06-10), formerly: WIZARD ENTERTAINMENT, INC. (filings through 2020-05-19), formerly: Wizard World, Inc. (filings through 2018-10-05).
- ^ a b "Asset Purchase 8-K". United States Securities and Exchange Commission. Washington, D.C. December 7, 2010. Retrieved April 2, 2019.
- ^ ComicBook.com. Retrieved September 27, 2021.
- ^ The Riverfront Times.
- ^ "Wizard Magazine Buys Chicago Comicon". News Watch. The Comics Journal. No. 195. April 1997. p. 24.
- ^ "Wizard Entertainment Names Darren Sanchez VP of Manufacturing". ExpertClick.com (Press release).
- ^ Carlson, Johanna Draper (January 24, 2011). "Wizard Magazine Closes Abruptly". Comics Worth Reading.
- ^ a b Miller, John Jackson (Jan 24, 2011). "The print age of Wizard ends". ComicChron.
- ^ a b Melrose, Kevin (January 24, 2011). "Breaking: Wizard and ToyFare magazines fold". Comic Book Resources.
- ^ a b Griepp, Milton (Apr 19, 2016). "WIZARD WORLD LOSES $4.3 MILLION IN 2015". ICv2.
- ^ Griepp, Milton (Apr 25, 2016). "WIZARD WORLD BRINGS IN NEW CEO". ICv2.
- ^ MacDonald, Heidi (Jan 25, 2011). "What's next for what's left of Wizard?". Culture. The Beat.
- ^ De Blieck, Jr., Augie (May 5, 2009). "GATECRASHER, 2000-2001". Comic Book Resources.
- ^ "Wizard World Chicago Sets Attendance Records". Raving Toy Maniac - The Latest News and Pictures from the World of Toys (Press release). Congers, New York: www.toymania.com. Aug 7, 2006.
- ^ Atchison, Lee (June 2002). "Wizard World East". Sequential Tart.
- Diamond Comic Distributors, Inc.(Press release). 2004. Retrieved Jan 30, 2016.
- ^ MacDonald, Heidi (Nov 1, 2006). "Wizard World 2007 and 2008 Tour Schedule". The Beat.
- ^ "Announcing Wizard World University Academic Programming". Wizard World-Texas (Press release). Archived from the original on September 23, 2008.
- ^ "Heroes Con & Wiz Atlanta, Drum's Not Changing Dates". Comic-Con.com. July 22, 2005. Archived from the original on 2007-09-29.
- ^ "Matt Fraction on HeroesCon/Wizard World". Comic Book Resources. July 22, 2005.
- ^ a b Hernandez, Don (13 Aug 2005). "Comic book hero: Little guy slays threat from weighty Wizard". Atlanta Journal-Constitution. p. A.1.
- ^ "Matt Fraction on HeroesCon/Wizard World]". Comic Book Resources. July 22, 2005.
- ^ "Wizard World to Postpone LA Show and Cancel Texas Show". Wizard World. Jan 2009. Archived from the original on January 22, 2009.
- ^ Armitage, Hugh (June 25, 2009). "Wizard CEO buys Toronto Comicon". Digital Spy.
- ^ "Wizard's Gareb Shamus Buys Toronto Comicon". Comic Book Resources. June 24, 2009.
- ^ "GAREB SHAMUS, WIZARD ENTERTAINMENT CEO, BUYS TORONTO COMICON" (Press release). Paradise Comics. Archived from the original on January 27, 2010.
- ^ "April 9: Wizard Entertainment CEO Acquires Big Apple Con". The Comics Journal. No. 299. August 2009. p. 22.
- ^ MacDonald, Heidi (Apr 8, 2009). "Shamus buys Big Apple Con". The Beat.
- ^ CBR News Team, ed. (July 16, 2009). "Wizard Announces Anaheim Comic-Con for 2010". comicbookresources.com (Press release).
- ^ "Philly Wizard World Photo Gallery Now Open!". Dread Central. 4 October 2012.
- ^ a b c MacDonald, Heidi (May 18, 2010). "Con wars: Shamus retreats, moves Big Apple". The Beat.
- ^ MacDonald, Heidi (Oct 16, 2009). "Breaking: Big Apple to go head to head with New York Comic-Con next year". The Beat. Publishers Weekly. Archived from the original on Feb 20, 2010.
- ^ MacDonald, Heidi (Oct 19, 2009). "Big Apple/Con Wars wrap-up". The Beat.
- ^ Kwan, Steven (November 3, 2010). "Third annual Tucson Comic Con". Arizona Daily Wildcat. Archived from the original on Nov 7, 2010.
- ^ MacDonald, Heidi (Nov 4, 2010). "SCOOP! Con wars may be back on!!! UPDATE — no Con Wars". The Beat.
- ^ "Wizard World LA postponement surprised guests and exhibitors". The Beat. August 16, 2011. Archived from the original on 2012-05-28.
- ^ MacDonald, Heidi (Aug 15, 2011). "Wizard scales back to more realistic 7-show schedule". The Beat.
- ^ MacDonald, Heidi (Feb 8, 2013). "Wizard World is back in New York City — without comics UPDATED". The Beat.
- ^ MacDonald, Heidi (September 17, 2013). "Wizard World adds seven cities including Tulsa, Sacramento, and San Antonio". The Beat.
- Gemstone Publishing, Inc.Retrieved Mar 4, 2024.
- ^ MacDonald, Heidi (August 13, 2013). "Con Wars in Minneapolis as Wizard World schedules show two weeks before Spring Con". The Beat.
- ^ "Upcoming Wizard Cons". Wizard World Comic Con. Archived from the original on 2016-01-27. Retrieved 2016-01-31.
- ^ "Form 10-K: WIZARD ENTERTAINMENT, INC". United States Securities and Exchange Commission. Washington, D.C. December 31, 2018. Retrieved April 2, 2019.
- ^ MacDonald, Heidi (Sep 11, 2020). "New York Comic Con Goes Metaverse: With in-person events on hold for the past six months, virtual conventions are evolving". The Beat. Publishers Weekly.
- ^ a b MacDonald, Heidi (Aug 10, 2021). "Fan Expo acquires six Wizard World comic cons for 2022: Fan Expo will take over Chicago, Philadelphia, Portland and three other shows". The Beat.
- ^ Salkowitz, Rob (August 10, 2021). "Fan Expo Acquires 6 Wizard World Events Including Chicago, Building Global Fan Con Juggernaut". Forbes. Retrieved September 27, 2021.