Writer/director Adam Green, Will Barratt, Kane Hodder, Robert Pendergraft, Greg Aronoitz and others TBA appear at Dark Delicacies on Tuesday March 24th at 7:00 p.m. to sign Digging up the Marrow.
3512 W. Magnolia, Burbank, CA 91505
Wizard World Reports 2014 Year End Financials
106% Increase from 2013
El Segundo, CA, March 16, 2015 – Wizard World, Inc. (OTCBB: WIZD) (the “Company”), a leading provider of Comic Cons and pop culture conventions across the world, announced that the Company has released its 2014 audited financial results in its Annual Report on Form 10-K for the year ended December 31, 2014 (the “YE 2014”).
The Company hosted seventeen events in 2014: sixteen comic cons and one social con, bringing fans together with their favorite celebrities, artists, exhibitors in a pop culture and multimedia experience. This was an increase of nine events from the Company’s 2013 tour.
Convention revenue for the year ended December 31, 2014 was $23,060,178, an increase of $11,874,044 (or 106%) from $11,186,134 reported in the comparable year ended December 31, 2013. The significant increase in revenue in 2014 is primarily accredited to the increased number of events, better advertised and marketed events including more programming, an exciting list of celebrities and artists, and an increasing fan base, which all translates to higher revenue growth. Average revenue per event was $1,356,481.
Operating expenses were $6,823,253 in YE 2014, as compared to $3,921,585 for the same period in 2013, which was the result of increases in staffing and employment costs due to the increased number and size of the events, however the Company’s operating margins have improved year-over-year due to operating the events more efficiently.
Income from operations was $1,468,162 in YE 2014, as compared to $343,506 for the comparable period in 2013. The increase is primarily attributable to running more events and more profitable events during 2014, as compared to 2013.
The Company reported a net income of $995,617 or income per share of $0.02 for YE 2014, as compared to a net loss of $(3,637,735) or loss per share of ($0.09), in the comparable period in 2013. Income in 2014 was primarily generated from convention revenue and stronger profit margin versus the loss in 2013, which was non-cash generated from a loss on the fair value of the Company’s derivative liabilities. By the end of 2013, the Company successfully extinguished all derivative instruments.
As of December 31, 2014, the Company had working capital of $3,838,096 and as of March 16, 2015, there were 51,358,386 shares of common stock issued and outstanding.
On March 3, 2015, the Company launched CONtv, a new digital network devoted to passionate fans of pop culture entertainment, providing consumers access to thousands of hours of exclusive content showcasing an original slate of programming as well as a vast digital catalog of over 1,200 must-watch titles, included, but not limited to, original series, cult television shows and genre movies encompassing sci-fi, horror, fantasy, anime, grindhouse, martial arts action, and more, to live coverage of events at the cons– all available on-demand either in a free, ad-supported format or a low cost, subscription-based model of $6.99/month for premium content. CONtv is a partnership with Cinedigm Corp., one the nation’s largest independent distributor’s of digital entertainment.
The digital service brings fans their favorite films, television series, comics, behind the scenes access to the Company’s conventions and more. CONtv is offered as a free ad-supported platform as well as a subscription which includes content exclusives, audience rewards, dynamic social viewing experiences, and ticketing bundle opportunities for fans planning to attend the Company’s conventions. CONtv currently provides over 1600 hours of programming available across a wide spectrum of devices including Roku, Apple iOS, Android, and other digital media.
The Company’s 2015 Wizard World tour consists of 27 events in 25 cities, including debut cities Las Vegas, Pittsburgh, Ft. Lauderdale, and San Jose. The Company also announced its first international comic con outside of North America in China, to be held on May 30 through June 1, 2015. The Company will continue to expand its footprint across the world as the Wizard World brand becomes a household brand name. To find a Wizard World Comic Con in a city near you, please go to: http://www.wizardworld.com/.
“As I reflect and look back at the year, it gives me great pleasure to know we are building a brand presence among the pop culture world and the comic con circuit. I cannot be more proud of our management team and staff for delivering an amazing 2014 tour,” commented John Macaluso, CEO of Wizard World, Inc. “2015 will also be an exciting year for us all, fans and shareholders included, as we continue to strive to increase revenues by expanding into other markets and other endeavors such as CONtv.”
The Company encourages shareholders to not rely on this press release and to refer to the Company’s financial statements included in its Annual Report on Form 10-K for full disclosure relating to the year-end financial report, filed with the United States Securities and Exchange Commission on March 16, 2015, which can be found at www.sec.gov.
About Wizard World, Inc.
Wizard World, Inc. (OTCBB: WIZD) is a leading provider of Comic Cons and pop culture conventions across the world that celebrate graphic novels, comic books, movies, TV shows, celebrities, gaming, technology, toys and social networking. The events often feature celebrities from movies and TV, artists and writers, and events such as premieres, gaming tournaments, panels, and costume contests.
For more information and full event schedule, visit: www.wizardworld.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Wizard World, Inc. may differ materially from those anticipated. Although Wizard World, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Wizard World, Inc. can provide no assurance that any of the forward-looking statements contained in this letter will prove to be accurate.
In light of the significant uncertainties and risks inherent in the forward-looking statements included in this letter, such information should not be regarded as a representation by Wizard World, Inc. that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” “will,” “anticipate,” “estimate” or “continue” or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Wizard World, Inc.’s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Wizard World, Inc. does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Rob Liefeld, Deadpool creator and Image Comics co-founder, appears at Phat Collectibles on Saturday, April 11th at 2:00 PM to send off the Merc with a Mouth in style! Co-hosted by Agents of Cosplay.
1201 S. Euclid Street, Anaheim, CA 92804
Writer Gerry Conway appears at Metropolis Comics on Saturday April 4, 2015 at 11:00 AM! His legendary run on AMAZING SPIDER-MAN (from #111-149) includes THE DEATH OF GWEN STACY, the RETURN OF THE GREEN GOBLIN, and the first appearance of THE PUNISHER! Gerry Conway also wrote for Iron Man, Daredevil, Incredible Hulk, The Inhumans, The Black Widow, and many more, as well as being the first writer for Man-Thing. Make sure you don’t miss out on this AMAZING opportunity!
16509 Bellflower Blvd, Bellflower, CA 90706
Writer Bryce Carlson appears at Collector’s Paradise in Pasadena on Wednesday, March 25th, 2015 from 5:00 till 8:00 PM to sign his new BOOM! Studios series HIT 1957!
About the comic:
Crime is down in Los Angeles—at least, on the surface. Mickey Cohen has been quiet since his release from prison and the LAPD has seemingly regained control of the city. But the underground is a different story. Det. Harvey Slater and company have spent the last two years focused on Domino and his Syndicate’s unrelenting infiltration, but no matter how many people the hit squad kills, the real fight for Los Angeles rages on. Meanwhile, Slater’s being hounded by Internal Affairs, Bonnie Brae is missing, and everything is falling apart at the seams.
319 S. Arroyo Parkway #4, Pasadena, CA 91105
Gabriel Hardman and Corinna Bechko (Star Wars: Legacy, Kinski) appear at Collector’s Paradise in Pasadena on Saturday, March 21, 2015 from noon till 2:00 PM to sign their new Image Comics series Invisible Republic!
319 S. Arroyo Parkway #4, Pasadena, CA 91105
Director Ron Underwood, actor Michael Gross (Burt Gummer), actress Finn Carter (Rhonda LeBeck), producer Nancy Roberts, screenwriters Brent Maddock and S.S. Wilson, production designer Ivo Cristante, make-up effects artists Alec Gillis and Tom Woodruff, visual effects designers Robert & Dennis Skotak, and more appear at the Arclight Cinema on Thursday, March 26, 2015 to celebrate the 25th anniversary of TREMORS! Presented by Creature Features and Famous Monsters of Filmland.
Advance tickets are $19.50 for general seating and $65 for VIP tickets (includes exclusive limited edition screen print, one issue of Famous Monsters #279 with alternate TREMORS cover art, preferred seating, and entry into the pre-screening reception, food & beverages included.
Arclight Hollywood Cinema
6360 Sunset Blvd, Los Angeles, CA 90028
Well hello, what have we here? Actor Billy Dee Williams will be appearing at Star Wars Celebration Anaheim next month. The actor who portrayed Lando Calrissian in The Empire Strikes Back and Return of the Jedi will be greeting fans and signing autographs in the Celebration Autograph Hall presented by Official Pix, and is also scheduled for the Celebration stage with host James Arnold Taylor.
Hollywood icon Billy Dee Williams was an exceptional addition to the cast of heroes in the Star Wars universe, backed by his powerful performance opposite Diana Ross in the films Mahogany and Lady Sings the Blues. Appearing in both Star Wars: The Empire Strikes Back and Return of the Jedi, Williams brought the iconic character Lando Calrissian to life on the big screen.
Williams’ career includes roles in the films Undercover Brother, Nighthawks, Bingo Long, Batman, and Bryan’s Song. He’s been nominated for the Emmy and Independent Spirit Awards, and been presented the TV Land and Image Awards for his performances. In the world of television Williams has appeared on Dynasty, Lost, NCIS, Night Shift, and GLEE to name just a few. He has voiced Lando Calrissian in video games, television specials, and in Star Wars: Rebels.
An accomplished artist and author, Williams has been nominated for a Guggenheim Award and won an Hallgarten Award, an honor in the art world.
Jake Lloyd, best known as Anakin Skywalker in Star Wars: Episode I – The Phantom Menace, appears at Big WOW! ComicFest 2015 to meet fans and sign autographs!
Guests include: Brent Anderson, Sanya Anwar, Stephen Bissette, Mark Bode, Nick Bradshaw, Tim Bradstreet, Dan Brereton, Danny Bulanadi, Frank Cho, Frank Cirocco, Lela Dowling, Tom Felton, Stephen E. Gordon, Adi Granov, Mick Gray, Rich Koslowski, Jake Lloyd, Ron Lim, Toshio Maeda, Steve Mannion, Chris Marrinan, Bill Morrison, Darick Robertson, Tone Rodriguez, Don Rosa, Stuart Sayger, Liam Sharp, Scott Shaw, Bill Sienkiewicz, John Totleben, Herb Trimpe, Rick Veitch, Tim Vigil, Ben Wolstenholme, Thomas Yeates, and more to be announced.
Last Saturday night Gallery Nucleus opened a tribute exhibition of art to the Nickelodeon show Avatar: The Last Airbender and its spinoff The Legend of Korra. Hundreds of fans, many of whom cosplaying their favorite characters, waited for hours in eager anticipation with lines ultimately stretching around the building and down the block. Co-creators Bryan Konietzko and Michael DiMartino were on hand to sign autographs for a limited number of attendees. The artwork on display included both early development art and original pieces created by Avatar/Korra production artists and fans selected for inclusion.
Nucleus owner Ben Zhu, a self-avowed fan of Korra, said he got in touch with Nickelodeon around the middle of the third season to start planning the art show. “Little did we know that we would be the main event post show and no other fans events were in the works,” said Zhu in an email, “So in that sense, we got lucky.” Avatar/Korra co-creators Bryan Konietzko and Michael Dimartino remarked that they already knew of Nucleus’s reputation when they were approached because of the animation exhibitions it had hosted in the past. “It worked out nicely,” said Konietzko, “Lots of the crew from both shows are here so it’s kind of a family reunion.”
When asked about the future of 2D animation, Konietzko said the industry is currently in something of a Golden Age in television with more people going to art school specifically to study animation. Pointing to the artists represented in the exhibition, he and DiMartino agreed that they represent the future and will be the ones creating their own shows in the years to come.
During the opening only the first people in the gallery were given wristbands to get signatures from Konietzko and DiMartino. But the many attending artists from each show, including Joaquim Dos Santos, Angela Song Mueller, Colin Heck, Johane Matte, Giancarlo Volpe, Emily Tetri, Kenji Ono, Elsa Garagarza, Will Ruzicka, and more, mingled with fans and very graciously signed art books and prints. Also voice actors PJ Byrne (Bolin), Seychelle Gabriel (Asami),Dee Bradley Baker (Tarrlok and every single animal) and his daughter Cora (young Korra) also made appearances to meet fans and snap selfies. All told, a reported 1,500 people showed up to indulge in their fandom. Ben Zhu said, “This event broke attendance records for us and is the most attended show in our gallery’s history just above the Final Fantasy X/X2 game release event and the Harry Potter Tribute Exhibition. We knew the event was going to be big but anticipated maybe 2/3 the actual attendance.”
When asked if the story of Korra will continue in comic form as Avatar: The Last Airbender has, DiMartino remained cryptic but said if anything were to continue it would be there. He spoke well of the creative team behind the Dark Horse title, writer Gene Luen Yang and artist team Gurihiru, saying they are so talented they need very little direction.
The artwork for the exhibition will remain on display till March 22. The closing event on Saturday March 21st will feature a Q&A panel with Konietzko and DiMartino but is most likely to be restricted to 100-150 people. Fans are encouraged to follow Gallery Nucleus on their Facebook page and Twitter to get the latest news.