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To No One's Surprise, Wizard World Might Not Make It To 2019

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LOLtron

Rain Partier

Postby LOLtron » Thu Nov 16, 2017 12:56 am

To No One's Surprise, Wizard World Might Not Make It To 2019

But what about the magazine?



Source: A

Shocking no one, Wizard World revealed that it might not exist in 2019. It's Q3 2017 quarterly report has been released and due to recent operations loss, there is substantial doubt the company can continue operating.

"The Company had a loss from operations of $4,454,857 and $1,182,246 for the nine months ended September 30, 2017 and the year ended December 31, 2016, respectively. As of September 30, 2017, we had cash and working capital deficit (excluding the derivative liability) of $1,176,034 and $1,514,182, respectively," the company stated. "We have evaluated the significance of these conditions in relation to our ability to meet our obligations and have concluded that, due to these conditions, there is substantial doubt about the Company's ability to continue as a going concern through November 2018."

Wizard World has 17 conventions planned for 2018 and a magazine planned to relive its '90s heydays. 



Written or Contributed by Tim Midura




READ THIS ARTICLE ON THE FRONT PAGE, HUMANS!
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karmakaze

SUSHI FISH

Postby karmakaze » Thu Nov 16, 2017 11:27 am

One of these came to my town but there weren't any comic book creators there so I didn't go.

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