Wizard Entertainment#Conventions

{{Short description|Producer of multi-genre fan conventions}}

{{Distinguish|Wizards of the Coast}}

{{Infobox company

| name = Wizard Entertainment, Inc.

| logo = WizardEntertainmentlogo.jpg

| traded_as = {{OTCQB|WIZD}}

| former_name = {{unbulleted list | Wizard Press (1991–2011) | Wizard World, Inc. (2011–2018) }}

| industry = Entertainment

| foundation = {{start date and age|1991}} (as Wizard Press)

| founder = Gareb Shamus (Wizard Press)

| defunct = {{End date and age|2021}}

| fate = Conventions sold to FanExpo

| successor = FanExpo

| location_city = Los Angeles, California

| location_country = U.S.

| area_served = North America

| products = Hobbyist magazines (1991–2011)

| services = Fan conventions (1997–2021)

| revenue =

| operating_income =

| net_income =

| assets =

| equity =

| num_employees =

| divisions =

| subsid =

| homepage = {{URL|https://wizardworld.com}}

}}

Wizard Entertainment Inc., formerly known as Wizard World,{{cite web|url=https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001162896&owner=exclude&count=40&hidefilings=0|work=U.S. Securities and Exchange Commission|title=Prairie Operating Co. CIK#0001162896|quote=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).}} was a producer of multi-genre fan conventions across North America.

The company that became Wizard Entertainment began in 1991 as Wizard Press, the publisher of the 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.{{cite web|url=https://www.sec.gov/Archives/edgar/data/1162896/000114420410066248/v205257_8k.htm |title=Asset Purchase 8-K |date=December 7, 2010|work= United States Securities and Exchange Commission |location=Washington, D.C.| access-date=April 2, 2019}} 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.{{cite web|title=Wizard World Sells Its Comic Con Events to Fan Expo|url=https://comicbook.com/comics/news/wizard-world-conventions-ending-fan-expo-purchase/|first=Charlie|last=Ridgely|work=ComicBook.com|date=August 10, 2021|access-date=September 27, 2021}}

Corporate history

Gareb Shamus founded Wizard magazine in January 1991 shortly after he graduated from college.{{cite news|last=Babka |first=Allison|url=http://www.riverfronttimes.com/stlouis/wizard-world-inc-a-roving-comic-con-looks-to-corner-the-geek-market/Content?oid=2505716 |title=Wizard World Inc.: A roving comic con looks to corner the geek market |work=The Riverfront Times |date=Apr 3, 2014}} The company was originally based in Congers, New York.

Wizard magazine was successful, and the company expanded its publishing operations with more magazines devoted to other elements of the collectible industry. Wizard purchased the Chicago Comicon in 1997 to expand from its core publishing business into trade/consumer conventions.{{cite magazine|department=News Watch|title=Wizard Magazine Buys Chicago Comicon |magazine=The Comics Journal |issue=195 |date=April 1997|page=24}}

In early 2011, the company made some major corporate transitions. First, through an arrangement with Strato Malamas of the holding company GoEnergy, it became a publicly traded company known as Wizard World.{{cite web|title=WIZARD WORLD'S JOURNEY INTO BECOMING A PUBLIC COMPANY

|work=iFanboy|date=Jan 26, 2011|first=Jason |last=Wood|url=https://ifanboy.com/articles/wizard-worlds-journey-into-becoming-a-public-company/}} At the same time, it abruptly canceled Wizard magazine{{cite web|date=January 24, 2011 |first=Johanna Draper|last=Carlson|title=Wizard Magazine Closes Abruptly|work=Comics Worth Reading|url=https://comicsworthreading.com/2011/01/24/wizard-magazine-closes-abruptly/}} and its other remaining publication, ToyFare,{{cite web|last=Melrose|first= Kevin |date=January 24, 2011 |url=http://robot6.comicbookresources.com/2011/01/breaking-wizard-magazine-folds-after-two-decades/ |title=Breaking: Wizard and ToyFare magazines fold |work=Comic Book Resources}} to focus on its convention business.

Shamus was pushed out as company CEO in late 2011; his position was taken in March 2012 by John Macaluso. In 2015, the company lost $4.25 million in revenue and cut back from 25 to 19 convention events in 2016.{{cite news|author-link=Milton Griepp|last=Griepp |first=Milton|url= http://icv2.com/articles/news/view/34257/wizard-world-loses-4-3-million-2015 |title=WIZARD WORLD LOSES $4.3 MILLION IN 2015 |work=ICv2 |date=Apr 19, 2016}} Less than a week after the announcement of the losses, Macaluso resigned as CEO and was replaced by John D. Maatta.{{cite news|last=Griepp|first= Milton|url=http://icv2.com/articles/news/view/34313/wizard-world-brings-new-ceo |title=WIZARD WORLD BRINGS IN NEW CEO|work=ICv2 |date=Apr 25, 2016}}

In 2018, Wizard World was renamed Wizard Entertainment, Inc.

In 2021, after selling its last few conventions to FanExpo, Wizard Entertainment essentially ceased to exist.

Publishing

Wizard started as a price guide to comics but evolved into focusing squarely on pop culture, specifically targeting young adult males. (The magazine ultimately featured a price guide to comics and action figures in the back of the magazine.) With its high-end production values and embodiment of the comic speculator boom,{{cite news|last=Miller|first= John Jackson |url=http://blog.comichron.com/2011/01/print-age-of-wizard-ends.html |title=The print age of Wizard ends |work=ComicChron |date=Jan 24, 2011}} Wizard was an instant hit, with a monthly circulation of more than 100,000 copies (although by early 2006, circulation was down to around 50,000).{{cite news|department=Culture|title=What's next for what's left of Wizard?

|first=Heidi |last=MacDonald|date=Jan 25, 2011|work=The Beat|url=https://www.comicsbeat.com/whats-next-for-whats-left-of-wizard/}}

The magazine also spawned several ongoing magazines dedicated to similar interests, such as InQuest Gamer (launched 1995), for collectible game cards; ToyFare: The Toy Magazine, for toys and action figures (launched 1997); Anime Insider (launched 2001) for anime and manga; and Toy Wishes (launched 2001) for mainstream toy enthusiasts.

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. 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.{{cite news|last=De Blieck, Jr.|first=Augie |date=May 5, 2009 |url=http://www.comicbookresources.com/?page=article&id=21079 |title=GATECRASHER, 2000-2001 |work=Comic Book Resources }} 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

{{Redirect|Wizard World|the Harry Potter media franchise|Wizarding World}}

= Beginnings and growth =

Wizard purchased the Chicago Comicon in 1996; the renamed "Wizard World Chicago" was the template for a new kind of convention that shifted its focus from actual comic books to ancillary elements of pop culture fandom: celebrity performers, films, television, video games, and toys – "comic conventions" almost in name only. By 2006, Wizard World Chicago boasted a weekend attendance of over 58,000 people.{{cite press release|url=http://www.toymania.com/news/messages/8469.shtml|title=Wizard World Chicago Sets Attendance Records |work=Raving Toy Maniac - The Latest News and Pictures from the World of Toys|publisher=www.toymania.com|date=Aug 7, 2006|location=Congers, New York}}

In May 2002, Wizard branched out from Chicago and produced Wizard World East at the Pennsylvania Convention Center in Philadelphia.{{cite news|last=Atchison |first= Lee |url=http://www.sequentialtart.com/archive/june02/art_0602_4.shtml |title=Wizard World East |work=Sequential Tart |date=June 2002}} And in 2003 the company produced Wizard World Texas, adding Wizard World Los Angeles in 2004{{cite press release|url=http://www.diamondcomics.com/Home/1/1/3/116?articleID=9923 |title=Wizard Announces Successful Debut for Wizard World Los Angeles |work=Diamond Comic Distributors, Inc. |date=2004|access-date= Jan 30, 2016}} and Wizard World Boston in 2005.

In 2007–2008, Wizard held conventions in Los Angeles, Philadelphia, Chicago, and Texas.{{cite web|url=https://www.comicsbeat.com/wizard-world-2007-and-2008-tour-schedule/|title=Wizard World 2007 and 2008 Tour Schedule|first=Heidi |last=MacDonald |date=Nov 1, 2006|work=The Beat}} In 2008, Wizard began adding an academic forum called "Wizard World University," integrating scholarly panels into its conventions, beginning with the November convention in Arlington, Texas.{{cite press release|url=http://www.wizardworld.com/tx-uniprogram.html |title=Announcing Wizard World University Academic Programming |work=Wizard World-Texas |archive-url=https://web.archive.org/web/20080923173449/http://www.wizardworld.com/tx-uniprogram.html |archive-date=September 23, 2008 }}

= "Con Wars" / growing pains =

File:6.29.13WizardWorldNYByLuigiNovi3.jpg at Pier 36 in Manhattan]]

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.{{cite web|url=http://www.comicon.com/cgi-bin/ultimatebb.cgi?ubb=get_topic&f=36&t=004054 |title=Heroes Con & Wiz Atlanta, Drum's Not Changing Dates |archive-url=https://web.archive.org/web/20070929091239/http://www.comicon.com/cgi-bin/ultimatebb.cgi?ubb=get_topic&f=36&t=004054 |archive-date=2007-09-29 |work=Comic-Con.com |date=July 22, 2005}} 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.{{cite web|url=http://www.comicbookresources.com/news/newsitem.cgi?id=5635 |title=Matt Fraction on HeroesCon/Wizard World |work=Comic Book Resources |date=July 22, 2005}}{{cite news|last=Hernandez |first= Don |title=Comic book hero: Little guy slays threat from weighty Wizard |work=Atlanta Journal-Constitution |date=13 Aug 2005 |page=A.1}}{{cite web|url=http://www.comicbookresources.com/news/newsitem.cgi?id=5635 |title=Matt Fraction on HeroesCon/Wizard World] |work= Comic Book Resources |date=July 22, 2005}} 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.

In 2009, Wizard canceled its Texas event and postponed the Los Angeles convention.{{cite web|url=http://www.wizardworld.com/ph-showupdate.html |title=Wizard World to Postpone LA Show and Cancel Texas Show |work=Wizard World |date=Jan 2009 |archive-url=https://archive.today/20090122093602/http://www.wizardworld.com/ph-showupdate.html |archive-date=January 22, 2009 }} That spring and summer, however, Shamus/Wizard acquired the Paradise Comics Toronto Comicon{{cite web|last=Armitage |first= Hugh |date=June 25, 2009 |url=http://www.digitalspy.com/comics/news/a161953/wizard-ceo-buys-toronto-comicon.html |title=Wizard CEO buys Toronto Comicon |work=Digital Spy}}{{cite web|url=http://www.comicbookresources.com/?page=article&id=21753 |title=Wizard's Gareb Shamus Buys Toronto Comicon|work= Comic Book Resources |date=June 24, 2009}}{{cite press release|url=http://www.paradisecomics.com/site/news.html |title=GAREB SHAMUS, WIZARD ENTERTAINMENT CEO, BUYS TORONTO COMICON |publisher=Paradise Comics |url-status=dead |archiveurl=https://web.archive.org/web/20100127053443/http://www.paradisecomics.com/site/news.html |archivedate=January 27, 2010 }} and the Big Apple Comic Con, New York City's longest-running comic book, science fiction, fantasy, horror, and pop culture convention.{{cite news|title=April 9: Wizard Entertainment CEO Acquires Big Apple Con |work=The Comics Journal |issue=299 |date=August 2009|page=22}}{{cite news|title=Shamus buys Big Apple Con

|first=Heidi |last=MacDonald |date=Apr 8, 2009|work=The Beat|url=https://www.comicsbeat.com/wizard-buys-big-apple-con/}}

Wizard Entertainment's 2010 planned North American Comic Con tour included city stops in Toronto, Anaheim,{{cite press release|title=Wizard Announces Anaheim Comic-Con for 2010|date= July 16, 2009|work=comicbookresources.com|editor=CBR News Team|url=http://www.comicbookresources.com/?page=article&id=22072}} Philadelphia,{{cite web | url=http://www.dreadcentral.com/news/38109/philly-wizard-world-photo-gallery-now-open | title=Philly Wizard World Photo Gallery Now Open!| date=4 October 2012|publisher=Dread Central}} Chicago, New York City, Boston, New Jersey, and Austin. As part of a "major offensive against Reed Exhibitions' New York Comic Con," Wizard scheduled "three East Coast shows in a row—the New England Comic-Con in Boston on October 1-3, Big Apple the same weekend, and the new New Jersey Comic-Con the weekend after, on October 15-17." The 2010 Big Apple Comic Con was scheduled for October 7–10, the same dates as the previously scheduled New York Comic Con.{{cite news|last=MacDonald |first= Heidi |archive-url=https://web.archive.org/web/20100220113041/http://pwbeat.publishersweekly.com/blog/2009/10/16/breaking-big-apple-to-go-head-to-head-with-new-york-comic-con-next-year/ |title=Breaking: Big Apple to go head to head with New York Comic-Con next year |work=Publishers Weekly|department=The Beat |date=Oct 16, 2009 |url=http://pwbeat.publishersweekly.com/blog/2009/10/16/breaking-big-apple-to-go-head-to-head-with-new-york-comic-con-next-year |archive-date=Feb 20, 2010}}{{cite news|last=MacDonald |first=Heidi |url= https://www.comicsbeat.com/big-applecon-wars-wrap-up/ |title=Big Apple/Con Wars wrap-up |work=The Beat |date=Oct 19, 2009}} After a public outcry, Wizard ended up moving the dates of its 2010 New York convention to October 1–3.{{cite news|last=MacDonald |first=Heidi |url=https://www.comicsbeat.com/con-wars-shamus-retreats-moves-big-apple/ |title=Con wars: Shamus retreats, moves Big Apple |work=The Beat |date=May 18, 2010}} (Additionally, the planned Wizard 2010 New Jersey convention was canceled.)

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.{{cite news|title=Third annual Tucson Comic Con

|first=Steven |last=Kwan|date=November 3, 2010|work=Arizona Daily Wildcat|url=http://wildcat.arizona.edu/wildlife/third-annual-tucson-comic-con-1.1742621|archive-url=https://web.archive.org/web/20101107065957/http://wildcat.arizona.edu/wildlife/third-annual-tucson-comic-con-1.1742621|archive-date=Nov 7, 2010}}

= Going public; further expansion =

Wizard went public in 2011; its financial statements proved that it was doubling down on dominating the North American convention market:

{{blockquote|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.}}

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."{{cite news|title=SCOOP! Con wars may be back on!!! UPDATE — no Con Wars|first= Heidi |last=MacDonald|date= Nov 4, 2010 |work=The Beat|url=https://www.comicsbeat.com/scoop-con-wars-may-be-back-on/}} Ultimately, however, Wizard scaled back its 2011 operations to seven shows—New Orleans, Toronto, Big Apple (New York), Philadelphia, Mid-Ohio, and Austin—ultimately canceling scheduled conventions in Los Angeles,{{cite news|url=http://www.comicsbeat.com/2011/08/16/wizard-world-la-postponement-surprised-guests-and-exhibitors/ |title=Wizard World LA postponement surprised guests and exhibitors|archive-url=https://web.archive.org/web/20120528164451/http://www.comicsbeat.com/2011/08/16/wizard-world-la-postponement-surprised-guests-and-exhibitors/ |archive-date=2012-05-28 |work=The Beat |date=August 16, 2011}} Miami, Atlanta, and Central Canada. In addition, previously announced new Wizard conventions in New Jersey, Cincinnati, Cleveland, and Nashville never materialized.{{cite news|title=Wizard scales back to more realistic 7-show schedule |first=Heidi |last=MacDonald |date= Aug 15, 2011|work=The Beat|url=https://www.comicsbeat.com/wizard-scales-back-to-more-realistic-7-show-schedule/}}

Wizard skipped New York altogether in 2012, returning in 2013 with a "Wizard World New York Experience" focused on "celebrities, creators, sports stars, music, exhibitors, parties and other attractions"—very little comics content.{{cite news|last=MacDonald |first=Heidi |url=https://www.comicsbeat.com/wizard-world-is-back-in-new-york-city/ |title=Wizard World is back in New York City — without comics UPDATED |work=The Beat |date=Feb 8, 2013}} The rest of Wizard's 2013 convention schedule included Portland, St. Louis, Philadelphia, Wizard World Chicago, Ohio Comic Con, Nashville, Austin, and New Orleans. In September 2013, Wizard World announced seven new stops for the 2014 tour: Sacramento, Louisville, Minneapolis, Atlanta, San Antonio, Richmond, and Tulsa.{{cite news|last=MacDonald|first=Heidi|url=http://www.comicsbeat.com/wizard-adds-seven-cities-including-tulsa-sacramento-and-san-antonio/ |title=Wizard World adds seven cities including Tulsa, Sacramento, and San Antonio|work=The Beat|date=September 17, 2013}} Wizard gave up the New York market after 2013 due to the dominance of the New York Comic Con; in 2014 the Big Apple con was reacquired by its founder, Michael Carbonaro.{{cite web|department=The Main Event|title=Big Apple Con: Past and Present|work=Scoop|url=https://scoop.previewsworld.com/home/4/1/73/1017?articleid=161295|publisher=Gemstone Publishing, Inc.|access-date=Mar 4, 2024|date=2015|first=Art |last=Cloos}}

The explosion in Wizard-produced conventions brought accusations that the entertainment behemoth was deliberately trying to push its competitors out of business.{{cite news|last=MacDonald |first=Heidi |url=http://www.comicsbeat.com/con-wars-in-minneapolis-as-wizard-world-schedules-show-two-weeks-before-spring-con/ |title=Con Wars in Minneapolis as Wizard World schedules show two weeks before Spring Con |work=The Beat |date=August 13, 2013}} On the other hand, many praised Wizard's professional and standardized approach to producing conventions.

=== Convention contraction ===

In 2015, Wizard produced 25 conventions but lost $4.25 million in revenue. The 2016 schedule, cut back to 19 events, included Wizard cons in Portland, Cleveland, Las Vegas, St. Louis, Madison, Minneapolis, Des Moines, Philadelphia, Sacramento, Albuquerque, Columbus, Orlando, Chicago, Richmond, Austin, Tulsa, and Pittsburgh.{{cite web|url=http://www.wizardworld.com/wizcon.html|title=Upcoming Wizard Cons|access-date=2016-01-31|archive-url=https://web.archive.org/web/20160127045652/http://www.wizardworld.com/wizcon.html|archive-date=2016-01-27|url-status=dead|work=Wizard World Comic Con}}

By 2018, the company was producing thirteen annual conventions around the U.S.{{cite web|url=https://www.sec.gov/Archives/edgar/data/1162896/000149315219004521/form10-k.htm |title=Form 10-K: WIZARD ENTERTAINMENT, INC.|date=December 31, 2018|work=United States Securities and Exchange Commission |location=Washington, D.C.|access-date= April 2, 2019}}

= 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,{{cite news|last=MacDonald |first= Heidi |url=https://www.publishersweekly.com/pw/by-topic/industry-news/trade-shows-events/article/84316-new-york-comic-con-goes-metaverse.html |title=New York Comic Con Goes Metaverse: With in-person events on hold for the past six months, virtual conventions are evolving |publisher=Publishers Weekly |work=The Beat|date=Sep 11, 2020}} and many moved online in 2021.

Wizard World held only six in-person conventions in 2021,{{cite news|title=Fan Expo acquires six Wizard World comic cons for 2022: Fan Expo will take over Chicago, Philadelphia, Portland and three other shows |first=Heidi |last=MacDonald |date=Aug 10, 2021|work=The Beat|url=https://www.comicsbeat.com/fan-expo-acquires-six-wizard-world-comic-cons-for-2022/}} and that August the company announced it would be selling the convention events business to FanExpo, with the final Wizard World Chicago show occurring in October.{{cite news|title=Fan Expo Acquires 6 Wizard World Events Including Chicago, Building Global Fan Con Juggernaut|url=https://www.forbes.com/sites/robsalkowitz/2021/08/10/fan-expo-acquires-6-wizard-world-events-including-chicago-building-global-fan-con-juggernaut/|first=Rob |last=Salkowitz|work=Forbes|date=August 10, 2021|access-date=September 27, 2021}}

References

{{Reflist}}