"He will discuss the company's recent operational and financial progress, including the success of ComicConBox, as well as the recent launch of Gaming Con. "
Not exactly original, but it works. Also interesting there was no mention of ConTV.
The ConTV press release is interesting. That is a lot of downloads, but only a portion of that is going to be active users and only a portion of active users are ever going to send a dime in this companies direction. On a cinedigm call they stated that they expected 10% of users to convert to premium (how they came up with that I have no idea) and then that the project would be breakeven at well under 100k premium people.
So, as of right now I'd guess we're ages away from that.
i went all in last dip at .29 happy with that decision but man days like this make things interesting. The fact that all the insiders were buying at ~57 cents is encouraging too.
there is a PR on the cinedigm yahoo page. Wizard World will probably have one later. I'm curious to see if they get funded and you'll be able to track the progress. I do like that finally ConTV didn't just go out and spend a bunch of money for nothing.
Nice catch. Not giant purchases relative to their holdings, but I like that they were around 60 cents rather than 30-40. It will hopefully put something of a floor at this level.
I wish they held conference calls. I'm curious to know what their goals are for first year events. I'd guess they plan on losses pretty decent losses. Because of that, I'd like if like with retail they gave a 'same con' growth metric. At the LD conference they said something like 20% yoy growth at events, but that can't possibly be sustained.
Also, ConTV is junk so far, but the Box could be big. The deferred revenue from it was over100k in the 10Q so next quarter could have them up close to 400k of what macaluso said was high margin and still accelerating.
They got back on track in a big way even though the T-Shirt was a little iffy in my opinion. In the 10Q they actually broke out the Box Rev and it was pretty good considering that they only could include the pilot month which was super small and one other month.Pretty soon it could really be something significant.
On the slides and in the Q&A there were references to the cost of getting the barcode and zero mention of the $350. Specifically, he addressed a question about small businesses that might make one product to sell on amazon and said if you can't afford "$50" you should go out of businesses.
This is interesting if true. Maybe he was just misspeaking though. It lowers the barrier to entry, and the long term revenue is all about the recurring $50, but that up front money was going to be a nice cushion.
Sticking to the sponsorship point, the Six Flags comparison seems pretty valid to me. Similar business in that it's based on physical bodies instead of eyeballs like on the superbowl or face book. It looks like 6Flags get ~8% of ticket revenue in sponsorship revenue. Say we do 30 million in ticket revenue this year. That works out to 2.5 million. I'd be happy with that although it sounds like you'd be disappointed.
I get that it's probably less than what Coke pays for that 30 second superbowl add you're talking about, but this is a much more apples to apples comparison. Remember, there are like 110 million people who will watch that commercial plus people on Youtube plus news talking about it the next day if it's good. For Wizard World there are way fewer impressions.
Plus, they are trying to be more than just the conventions with TV/Radio/Boxes
More: if the handles of those involved are to believed, Prof Joshua Bamfield seems like a moderately big deal and works at the center for retail research and pinky gonzales is giving out a corporate email to DMRC so he's almost certainly legit.
If you search twitter for $dmrc you will find a link to something called German Retail Blog or something similar. It's a pretty big but informal write up on DMRC tech. The juicy stuff comes in the comments actually. A commenter asks some pretty basic but important questions and someone purporting to be a DMRC employee responds stating among other things, "Unfortunately, most of these agreements are currently confidential, but a simple Google search may be helpful in learning about who has officially adopted the technology, and others will be announced imminently."
If nothing else, the DMRC media team is on top of things as I imagine this isn't the most covered blog and there out there clearing up any potential confusion.
?? What ?? A national sponsor would be nice, but none of those businesses are remotely similar to wizard world. Something like Six Flags or Sea World is probably more appropriate. Six Flags had like 200M in tickets last Q, 150 in merch/food, and 15M in sponsorships. The conventions will always generate dramatically more money than sponsorship. If the conventions are ever supersceded by a different part of the business it would probably be the boxes as management said that could be a possibility waaaay down the line.
I remember, when the flash crash happened and Jim Cramer was on the air talking about P&G. He was pretty lukewarm, and then things went haywire and it collapsed live. Suddenly, he said 'this is a fundamentally different stock and that you should buy hand over fist.
That's how I feel here. I'm not a fan of ConTV and because of that when this got into the 0.90s I was thinking about selling, but at these prices ConTV's success or failure doesn't even matter. It can be a one to two million dollar cash fire and this is still a buy. They're going to turn in almost without a doubt their biggest revenue quarter of all time. They have an established brand. The subscription box things is going well. SB757 or whatever keeps his/her fingers crossed about a national sponsorship. Maybe it will happen. ConRadio is in its infancy since they haven't even had a convention since it launched, but it seems like a fine fairly conservative bet. And whatever comes from the video game announcement, even if it's stupid, it isn't enough to justify this price crash.
Only something that really fundamentally threatened the business would make sense. Like if there was some massive lawsuit related to events, or if their celebrity roster suddenly went on strike because they were treated poorly. Short of that I can't even think of anything. Even if they diluted to raise money for some sort of acquisition, a 15M market cap doesn't make sense.