Certainly I think a lot of people were disappointed by the fact that they guided 2015 as not having any increase in earnings. The company has momentum, but it's revenue does not, and that is, understandably, a problem for a lot of people. If you have time on your side though, I can't think of a better risk/reward situation out there. Not only do you get the bar code, but you're there's the off chance of licensing deal or something materializing out of the payment platform in the next few years as well.
Quick initial thoughts:
Website is pretty slick.
There is a decent amount of Wizard World exclusive content professionally filmed (Celeb panels, artist panels, cosplay cometition in addition to the Bruce Campbell show). It's unclear if these things will stream live at some point. That would be nice as then viewers could participate in real time via social media etc.
The perks for actually signing up for the pay subscriptions are pretty interesting:
"Get early access to Wizard World conventions, reserved seating at panels, discounts and more! "
Discounting was obvious, but the reserved seating is a great idea. Kind of capturing a positive the externality of some seats being better than others.
Search "Why I Won’t Be Attending Wizard World"
From a business perspective it's interesting as it notes the rise in prices for vendor space by giving specific dollar amounts. Also tipped me off to a boycott wizard world facebook page. only has ~900 members, but membership appears to have spiked with the release of the article.
No sign of discover or anything like that, but they have signs all over regarding how to integrate your smart phone into your in store shopping experience via coupons etc. Just more evidence of the paradigm shift.
More close ties with the Walking Dead Guys. Reedus and Macaluso were just photographed hanging out in NYC. The next con is in Cleveland and WIZD headquarters is in CA so I was hoping to find WalkerStalker in NY and finish putting together the puzzle, but they're based in TN. Oh well.
At least it shows that the Walking Dead Guys like our CEO.
Search Google/Twitter for: reedus leaving bowery hotel
I'd call it 20/20 hindsight except even at the time it looks like I knew I was pushing the envelope
utahstock12 • Sep 16, 2014 2:59 PM Remove
You in? I put in a bid @ 12.60 when it got to 12.50 but didn't get filled. Too greedy?
This has been up for 10 hours, although I guess it's kind of a holiday. If it stays up through tomorrow, I'm going to start getting suspicious. "Horrorfest" Chicago was going to pretty much directly compete with WalkerStalker Chicago. Then we moved it but turned the date into Fanfest which had an entirely different theme and price point.
I'm not saying the illuminati is involved, but might this have been a leak that there is some sort of partnership in the works?
From Michael Cudlitz:
#WSCChicago were coming for ya !!!!!
0 replies 99 retweets 325 favorites
According to the article containing the below quotes, Wizard World is actually the smallest game in town in terms of Gaming/Cons in Indy. The source seems fairly reliable.
However, for comparison, there was a quote in a Madison article stating "More than 20,000 people are expected to turn out at the Wizard World Comic Con at the Alliant Energy Center this weekend" and I can't imagine Madison is 4x the size of Indy so these numbers are pretty murky.
Visit Indy says attendance at this weekend's Wizard World is expected to be around 5,000 people with an economic impact of $1.7 million.
The overall pop culture conventions in Indianapolis are anticipated to attract at least 85,500 people in 2015. Money projected to be spent on hotels and restaurants means the economic impact for the city this year is expected to top at least $65.1 million.
You can google the quote for the rest, "But are fandoms becoming too trendy in Indianapolis? Will enough Hoosier enthusiasts come out in Stormtrooper armor and Sailor Moon skirts to support Wizard World, Indiana Comic Con (March 13-15), Indy PopCon (June 26-28), Gen Con (July 30-Aug. 2) and Awesome Con (November)? Cooper's event, already feeling Indy is too crammed with Cons, is moving its show to Bloomington"
Part of my point that WIZD was in Boston at least until in 2010. The one article I read on the pull out made it sound like the show didn't go that well plus the date was really close to a big comic con in New York that people from Boston regularly attended.
This is in play. SyFy has a reality show called Heroes of Cosplay. I'm pretty sure Boston knows what's up with all the college and tech companies, but outside of that you could be right. I actually wouldn't be surprised if Boston lost its Wizard World con due to over saturation. There are a lot of anime/videogame/comic type things there.
Wizard World representatives are still calculating their total ticket sales for the event. Tickets for Friday sold out quickly, Saturday was close to selling out and Sunday was busier than expected. Research staff at the convention and visitor's bureau will analyze the numbers to determine how the event impacted the local economy.
article too long to copy/paste
Unearned Revenue is a balance sheet account so there is no "all of 2013" vs. "Q3 2014"
Anyway, I'm 99.99% sure that WIZD doesn't recognize convention revenue until the convention takes place, so all that number is basically showing is that WIZD is having more shows than in the past which we knew already.
The one thing it could be useful for, is if someone had a ton of time on their hands they could probably project the subsequent quarter's revenue based on the unearned revenue number through an analysis that took into account the number of events that were currently registering at quarter close, the time between quarter close and their dates (since admission swells as the date approaches), and historical data that allowed for backtesting.
Needless to say, I don't have enough shares to justify putting together that type of spreadsheet.
The WIZD PR team has certainly gotten much stronger recently in terms of both investor and public relations.
Based on the deal site numbers I'm trying to keep track of, Indianapolis actually is already ahead of Madison despite having a week left to sell tickets, so that one looks really good too. It isn't listed as selling out of three days yet though so I could be missing something. Or maybe the people of Madison just like paying full price or maybe the venue at Indy is larger. I definitely don't have it down to a science...yet.
I just noticed that this event overlaps the Greenville event. So, I wonder how much they can really offer in terms of man/star power. It sounds like Fansang has a stable of Chinese stars whose social media accounts they manage, so maybe the western name people will be limited.
I'd be surprised if they needed to have a workforce there in the forseeable future. You maybe need a native speaker or two to do promotion and work with vendors, although Fansang can probably help there already. While they're figuring out the cultural differences, they probably won't be expanding too quickly and if there's only one or a two events per year there, it would probably be possible to just fly people out.
Who knows though. Maybe they can buy out a bunch of places like they did with Pittsburgh and just start stocking them with higher powered stars. A quick google shows there are definitely some cons there already.
I want the record to show that I tried to short into earnings and Etrade didn't have shares available. It was going to be a tiny position, but it just seems there isn't a lot of room for upside here while a quick ~20 retrace is easily possible.