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POW! Entertainment

From Wikipedia, the free encyclopedia
American media production company

POW! Entertainment, Inc.
Company typeSubsidiary
IndustryEntertainment
Founded2001; 24 years ago (2001)
Founder
Headquarters,
United States
Key people
Gill Champion (president)[1]
ServicesDevelopment
RevenueDecrease$ 20.21 million (FY 2015)[2]
Decrease$ -200,415 (FY 2015)[2]
Decrease$ -187,367 (FY 2015)[2]
Total assetsDecrease$ 803,679 (FY 2015)[2]
Total equityDecrease$ -4.99 million (FY 2015)[2]
Number of employees
13 (March 2014)
ParentCamsing International Holding[1]
DivisionsStan Lee Universe LP[3]
SubsidiariesStan Lee Global Entertainment, LLC
Websitepowentertainment.com

POW! Entertainment Inc. is an American media production company formed in 2001 by Gill Champion,[4] Arthur Lieberman and formerMarvel Comics editor and publisherStan Lee. POW! is made up of two companies: POW! Entertainment, Inc. (POW! Inc.), a holding corporation and its wholly owned subsidiary, POW! Entertainment, LLC (POW! LLC)[5] and is currently owned by Camsing International Holding.[1]

POW! productions include the 2006Sci-Fi Channel's TV-movieStan Lee's Lightspeed, that network'sreality television seriesWho Wants to Be a Superhero? and theStan Lee's Mighty 7 media franchise. Other productions include thedirect-to-DVDanimated featuresStan Lee's Mosaic andStan Lee Presents: The Condor.

History

[edit]

In November 2001, Stan Lee formed POW! Entertainment, LLC, aDelaware-registeredlimited liability company, withGill Champion andArthur Lieberman.[5][6] POW! set up their offices atMetro-Goldwyn-Mayer's headquarters inSanta Monica, California as a first look deal was negotiated in April 2002 by Lieberman with MGM and Cheyenne Enterprises,Bruce Willis's and producerArnold Rifkin's production company.[7]

Lee created the risqué animated superhero seriesStripperella forSpike TV's The Strip animated block which premiered on June 26, 2003. POW! also had a dozen additional feature and television production agreements by July. Three of the films were in preproduction:Nightbird,The Femizons then with writersCary Solomon andChuck Konzelman andThe Double Man, then under development by Training Day directorAntoine Fuqua. A production agreement was signed by POW! and Idiom Films forForever Man, an avenging hero type with a twist. Meanwhile, the company signed withDIC Entertainment on a TV series production deal starting withStan Lee's Secret Super Six, about teens with alien superpowers who are taught by Lee about humanity. The in-developmentHefs Superbunnies animated superhero series was announced by Lee at Comic-Con 2003, which would feature avillain fightingHugh Hefner and his playmates.[7]

Public corporation

[edit]

The separate corporation, POW! Entertainment, Inc., is aholding company created to have publicly traded stock. The corporation originated as Delaware-based Megatek Legacy Systems, Inc., formed August 17, 1998; it became Alta Pacific Minerals, Inc. in 1999, and Arturion Entertainment, Inc. in 2002.[5] By 2004, Arturion's stockholder was Media Dynamics, Inc., owned by Valerie Barth, controlling stockholder, and minority stockholder, UltraVision Inc., owned by Ron Sandman. Arturion was a publicshell corporation used to acquire POW! on May 5, 2004, with POW! members receiving Arturion shares to take it public onover-the-counter market "Pink Sheets" in areverse merger. Arturion changed its name to POW! Entertainment, Inc. Media Dynamics invested $500,000 for 769,250 shares with a subscription for additional shares for $650,000.[6]

In August 2004, Lee announced a superhero program that would featureRingo Starr, the formerBeatle, as the lead character.[8] Additionally, in August of that year, Lee announced the launch of Stan Lee's Sunday Comics.[9]

In May 2004,IDT Entertainment purchased a minority share in POW! Entertainment in an agreement for exclusive distribution rights to POW!'s animated DVD properties and a joint development of six cartoon films.[10]In 2005, the company announced that another animated film that would feature the voice ofRingo Starr.[11][12] Also in early 2005, the company formed a strategic partnership to develop a new mobile channel with mobile-streaming pioneerVidiator, through Vidiator's mobile streaming technology. In 2006, this resulted in an agreement withSprint Nextel Corp. where the Stan Lee's POW! Mobile Channel is officially listed as Sprint's Channel 70.[13] The channel includesmobisodes withStripperella,The Accuser andThe Drifter.[citation needed]

In 2004, an agreement withAndrew Stevens Entertainment Group and Jeff Franklin ofFWE Inc. indicated that POW! and Lee planned to produce three action movies for theSci Fi Channel, which were to be aired in 2005 to 2006.[14] Only one movie,Lightspeed, was completed for Sci Fi and aired July 26, 2006.[15]

In December 2004, in a joint venture agreement withCelebrities In Action, a company formed by investment banker Stan Medley (who structured POW! Entertainment's reverse merger earlier in the year and Chris Nassif, President ofDiverse Media Group, Lee was to create approximately 25 characters based on celebrities. POW! and CIA were scheduled to commence production in early spring of 2005.[16]In February 2005, POW! Announced a second project withCelebrities In Action called The Fantasy Zone. The new franchise was to introduce a parallel universe where celebrities can go to live out their own fantasies and dreams.[17]

POW!'s president and CEO, Gill Champion said in 2005 that Lee was creating a new superhero film,Foreverman, forParamount Pictures in tandem with producerRobert Evans and Idiom Films, withPeter Briggs hired to collaborate with Lee on the screenplay.[18] In 2005, Lee andMichelle Rodriguez agreed to develop aTigress film, based on theConan the Barbarian comic bookvillainess.[19]

In 2007, POW! started a series ofdirect-to-DVD animated films under theStan Lee Presents banner.[citation needed] The two releases wereMosaic andThe Condor.[20]

POW! andWalt Disney Studios agreed to a first-look deal in June 2007.[20] The following year, the first three titles under that deal were announced:Nick Ratchet,Blaze andTigress, an original concept from the Conan villainess.[21]

On June 9, 2007, a suit was brought against Lee, POW!, subsidiary QED Entertainment, and the formerStan Lee Media staff at POW!.[22]On January 20, 2009, Judge Stephen Wilson, in Los Angeles Federal Court, ruled that Stan Lee Media had illegally transferred their assets, including the Drifter and the Accuser, to POW! in violation of a bankruptcy court order.[23]

In April 2008,Brighton Partners andRainmaker Animation announced a partnership with POW! to produce a CGI film series,Legion of 5.[24] That same month,Virgin Comics announced Lee would create a line of superhero comics for that company.[25]

On December 31, 2009,The Walt Disney Company's Catalyst Investments acquired a 10% stake in POW! for $2.5 million, coinciding with its full acquisition ofMarvel Entertainment.[5][26] Also, Disney's Silver Creek Pictures entered into another agreement with POW! for first-look and consulting services.[5][27]

In 2010, POW! started reporting to OTC Markets Group and was moved to the Over-The-Counter QB (OTCQB) tier market from the pink sheets.[5] In February of that year, POW! partnered withA Squared Entertainment (A2) andArchie Comics to create theStan Lee Comics print and digital line starting with theSuper Seven.[28] On August 5, thereality-television seriesStan Lee's Superhumans show premiered on the cable channelHistory.[29] Also that month, Super7, a toy manufacturer, sued POW! and partners over Stan Lee Comics'Super Seven.[30] Late in the year, POW! andBoom! Studios began publishing three new comic-book series:Soldier Zero,Starborn, andThe Traveler.[31][32] In October,Guardian Media Entertainment, a partnership of Lee, SLG Entertainment andNHL Enterprises, createdhockey-themed superheroes called "Guardians" for each of the 30 teams in the National Hockey League. The venture includes agraphic novel.[33][34]

Ricco Capital andPanda Media Partners, a joint venture of POW! andFidelis Entertainment, formed a partnership,Magic Storm Entertainment, in June 2011 to produce material forAsia.[35] In 2011, Lee was writing a live-actionmusical,The Yin and Yang Battle of Tao.[36] In October, Lee announced he would partner with1821 Comics on a multimedia imprint for children, Stan Lee's Kids Universe, a move that addressed the lack of comic books targeted for children. He also said he was collaborating with the company on its futuristic graphic novelRomeo & Juliet: The War, by writer Max Work and artist Skan Srisuwan.[37][38] In November, POW! signed an agreement withYouTube andVuguru, Michael Eisner's digital studio, to start a YouTube channel calledStan Lee's World of Heroes. That same month, the company signed a deal with EQAL to create and launch theRealStanLee.com, an official site for Lee.[39]

In May 2012, Arthur Lieberman, Chief Operating Officer and Chief Counsel of POW!, died due to lung cancer.[40] Also in May, POW! filed suit against Valerie Barth of Media Dynamics and Ron Sandman, sole director of UltraVision Inc., for fraud and breach of contract, claiming it is owed $1.15 million for a three-million common stock subscription. Barth, Sandman and their corporationscountersued.[6]

In March 2013,Hub Network picked up its first work from POW!, "Stan Lee's Mighty 7", an animated pilot movie to be aired in early 2014.[41]

On April 5, 2013, a joint venture that POW! owns with MKC Entertainment, SL Power Concerts, launched its military friendly Stan Lee's POW!er Concert series with country bandGloriana at the Pacific View Events Center, Camp Pendleton, along with future concerts at other military bases, and proceeds going to military affiliated charities.[42][43] On June 12, POW! and JADS International released the Stan Lee Signature Cologne.[44]Legion of 5 was revealed in June to be a live action film at Sandman Studios-affiliated live action label Paralight Films in the casting stage.[45]Arad Productions and POW! are in early development on a new superhero movie set up atColumbia Pictures as of November 2013,[46] which is revealed in August 2014 asApollo Rising, as it was melded withRed Queen author Victoria Aveyard's scriptEternals.[47]

POW! formed Stan Lee Global Entertainment as a joint venture in 2014 with the Hong Kong–based investment firm,[48] Ricco Media Investments Limited. Ricco Media was purchased by Focus Media Network Limited on August 20, 2015.[49] POW! also announced two Chinese projects in October 2015:Realm, a superheroine movie and the first film from Stan Lee Global Entertainment, andArch Alien, a sci-fi movie.[50]

Disney's second and final project under the first look deal with POW! wasThe Zodiac Legacy book series, with the first book to be released throughDisney Publishing Worldwide in January 2015.[51] However, the first look deal agreed to in 2006 and extended in 2009 was allowed to expire as of December 31, 2014.[52]

In January 2015,Digital Domain announced a joint venture company 25% owned by POW! for development, production and international distribution of projects from either owner. Also part of the deal was the creation of a virtual Stan Lee.[53]

Stan Lee'sLucky Man was picked up in March 2015 bySky1 to be adapted into a one-hour, 10-episode show, as a POW! co-production withCarnival Films and his first UK drama series.[54] A second season was ordered in March 2016, as it was Sky1's highest-rated original drama program ever.[55]

Camsing subsidiary

[edit]

In May 2017, POW! was acquired by Camsing International Holding. Camsing USA vice president Shane Duffy was named CEO while Gill Champion retained the president role.[1] In July 2018, Linking Star Picture was formed as a joint venture of Beijing Film, Beijing Novo United Films, and Hong Kong–based Camsing International. Linking Star would develop five projects from POW! and Chinese superhero movies, with Bob Sabouni, a former vice president of Marvel, consulting for Linking Star.[56]

In May 2018, Lee filed a $1 billion lawsuit with the Los Angeles Superior Court against POW! Entertainment for "stealing" the rights to his name and likeness, among other complaints. The lawsuit named CEO Shane Duffy, as well as the other co-founder of the company, Gill Champion, stating that both parties "conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee's identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee's expense." In addition, the lawsuit claimed that the defendants had obtained Lee's signature illegally in order to obtain "the exclusive right to use Lee's name, identity, image and likeness on a worldwide basis in perpetuity", against the wishes of Lee, among several other complaints detailed in the suit.[57] In July 2018, Lee dropped the lawsuit against POW!,[58] four months before he died on November 12, 2018.[59] Camsing stated that they would continue to develop Lee's IP in POW! despite his death.[60]

In July 2019, Camsing announced that Ching "Vivian" Lo, company founder and chairwoman, has been held by the Shanghai Public Security Bureau. POW! management indicated in a July 10 statement that the company is considered an autonomous subsidiary of Camsing, thus is not affected. J.C. Lee, Stan's daughter, announced on August 3 that the Stan Lee Estate would move to distance itself from Camsing International and that the estate held the position that POW! and Camsing do not have "rights to Stan Lee's name, likeness or legacy" given the illegal activities alleged during the purchase of POW! from Stan Lee.[61]

On July 6, 2020,Genius Brands set up a JV with POW to hold the exclusive worldwide rights to use Lee's name, physical likeness and signature from POW! as well as licensing rights to his name and over 100 of POW!'s original IPs. The assets were to be placed under a new joint-venture with POW!, called Stan Lee Universe, managed by Genius.[3]Michael E. Uslan was hired to advise Genius on Lee Universe Film and TV projects. Genius then arranged a publishing deal with Archie Comics for the Stan Lee Universe comic book imprint, starting with theKindergarten Cop adaptation title.[62]

In Aug 2023, Gill Champion resigned from POW! Entertainment.

Production

[edit]
TitleYear(s)TypeProduction
partner(s)
DistributorNotes
Stripperella2003–2004Animated seriesSpike TV
Stan Lee’s Superhero ChristmasOctober 2004BookHarperCollins[14]
4th Qtr.2005Direct-to-video
Lightspeed2006Television filmFWE Picture CompanySci Fi Channel (TV)
Nu Image Films
Who Wants to Be a Superhero?2006–2007Reality television seriesNash EntertainmentSci Fi Channel2 seasons
Mosaic2007Direct-to-videoAnchor Bay EntertainmentReleased under "Stan Lee Presents" label
The Condor
Ultimo2008MangaShueisha
Viz Media[63]
Who Wants to Be a Superhero? (UK)2009Reality television seriesBBC Two/CBBC1 season
Time Jumper2009Animated mobile seriesWalt Disney Studios Home EntertainmentiTunes
"Heroman"20092012MangaSquare Enix's Shonen Gangan[64]
2010Anime television seriesBones
Wowmax Media
TX Network
Stan Lee's line2010Comic booksBoom! StudiosTitles:
  • Soldier Zero
  • Starborn
  • The Traveler
Stan Lee's Superhumans2010 –2013Reality television seriesThe History Channel3 seasons 31 episodes
Chakra: The InvincibleDigital comics seriesLiquid ComicsGraphic India[65]
November 30, 2013Animated filmGraphic IndiaCartoon Network IndiaAlso onToonTV[66]
Stan Lee's VerticusSeptember 2012iOS gameControlled Chaos MediaMoonshark[67]
Stan Lee Superhero PackNovember 2014Software add-onPlotagonPlotagon film software expansion with five characters, 4 new superheroes and a bonus Stan Lee[68][69]
The Zodiac LegacyJanuary 27, 2015Book seriesDisney Publishing Worldwide[51]2 illustrated novels so far:
  • Convergence
  • The Dragon's Return
March 30, 2016Graphic novelsPapercutzTiger Island
Stan Lee's Hero CommandMarch 19, 2015expandable mobile gameF84 Games[70][71]
"The Unknowns"2015Comic bookArcana Studios[72]
Lucky Man20162018UK drama seriesCarnival FilmsSky1 (UK)
NBCUniversal International Distribution[54]
3 seasons, 28 episodes
Stan Lee's Cosmic Crusaders2016WebseriesGenius BrandsThe Hollywood Reporter[73]
God Woke2016Comic : digital, print, cinematic graphic novel (CGN)LNL Partners: Shatner Singularity imprint
  • comiXology (digital)
  • Diamond (HC print)
  • Panelfly CGN via iTunes, Amazon, Google and Vimeo[74]
Work ForceJuly 17, 2017online comictwice per week[75]
The ReflectionJuly 22, 2017Anime TV seriesStudio DEENNHK12 episodes[76]
Stan Tones2017ring tonesGoogle Play
apps store
40 unique rings[77]
Alliances: A Trick of LightJune 27, 2019audio drama
Audible[78]
The B-Team2020Television show – Korean
  • Studio Invictus
  • Camsing International
  • Stan Lee Global Entertainment
  • JYP Pictures
TBAKang Eun-kyung's Plot Line providing scripts[79]
TBATelevision show – Chinese
Superhero KindergartenApril 23 - October 22, 2021[3]Animated TV showYouku
Kartoon Channel![3]

Upcoming

[edit]
TitleReleaseTypeProduction
partner(s)
DistributorNotes
Legion of 5TBAAnimated filmParalight Films
Rainmaker Entertainment
casting[45]
Apollo RisingTBAMovieArad ProductionsColumbia Picturesearly development[47]
RealmTBAMovieFundamental Films
Stan Lee Global Entertainment
Fundamental FilmsChinese Super heroine, cast (star:Li Bingbing) & scripted (Alex Litvak)[48]
Arch AlienTBAMovieHualien Media
Mission Control Entertainment[50]
Stan Lee Universe imprintTBAcomicsArchie ComicsSuperhero Kindergarten, first title[62]

Units

[edit]

Footnotes

[edit]
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  2. ^abcdef"POW! ENTERTAINMENT Inc 2013 Annual Report, Form 10-K, Filing Date December 31, 2015". secdatabase.com. RetrievedOctober 3, 2017.
  3. ^abcdTuchow, Ryan (July 6, 2020)."Genius Brands acquires Stan Lee's likeness, IPs".Kidscreen. RetrievedJuly 10, 2020.
  4. ^"Team".POW! Entertainment. RetrievedMay 23, 2022.
  5. ^abcdefg"POW! Entertainment LLC Form 10-K".SEC.gov. Securities and Exchange Commission. RetrievedJune 29, 2011.
  6. ^abcGardner, Eriq (May 3, 2012)."Stan Lee Fights for Control of His POW! Entertainment (Exclusive)".Hollywoodreporter.com. RetrievedJuly 3, 2012.
  7. ^abRick DeMott, Rick DeMott (July 18, 2003)."POW! Stan Lee Reloaded".AWN Profile. RetrievedJanuary 9, 2015.
  8. ^"Ringo Starr to become superhero". BBC. August 6, 2004.
  9. ^"Stan Lee Launches New Online Comic Venture". CBC. August 6, 2004.Archived from the original on December 12, 2007.
  10. ^Graser, Marc (May 7, 2004)."IDT joins Lee in POW! to distrib toon DVDs".Daily Variety. Archived fromthe original on November 6, 2012. RetrievedApril 10, 2014.
  11. ^Newsarama.com (March 7, 2007): "Talking Stan Lee's Mosaic With Scott Lobdell", by Daniel Robert EpsteinArchived September 29, 2007, at theWayback Machine
  12. ^"Ringo Starr, superhero". Archived fromthe original on January 26, 2005. RetrievedApril 10, 2014.
  13. ^POW! Entertainment, Inc Announces Alliance with Sprint Nextel Corp. and Vidiator in Sixty Billion Dollar Wireless Market 26 December 2006
  14. ^abBall, Ryan (December 3, 2004)."Scribe Runs to Stan Lee's Lightspeed".Animation Magazine. RetrievedJune 30, 2011.
  15. ^"Stan Lee's LightSpeed Premiering July 26".SuperHeroHype.com. July 12, 2006. RetrievedJune 30, 2011.
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  17. ^"Lee to Put More Celebrities In Action".AnimationMagazine.net. February 16, 2005.
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  19. ^Keck, William (November 15, 2005)."She shot Shannon; what's Ana Lucia's next target?".USA Today. RetrievedAugust 19, 2015.
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  34. ^Friedman, Wayne (June 16, 2011)."NHL's 'Guardian Project' Strikes Marketing Deal With NBCU".Media Daily News. Archived fromthe original on October 27, 2011. RetrievedNovember 17, 2011.
  35. ^Powers, Lindsay (June 28, 2011)."The company joins with Ricco Capital and Panda Media Partners to form Magic Storm Entertainment".The Hollywood Reporter. RetrievedJune 28, 2011.
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  40. ^Eriq, Gardner (May 7, 2012)."Hollywood Docket: Jeweler vs. Perez Hilton; George Clinton Denied; Stan Lee's Lawyer Dies".The Hollywood Reporter. RetrievedJuly 3, 2012.
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  42. ^abGonzales, Nicole; Garske, Monica (April 6, 2013)."Comic Book Legend Stan Lee Kicks Off Military Concert Series in San Diego".nbcsandiego.com. NBCUniversal Media, LLC. RetrievedAugust 14, 2014.
  43. ^"POW! Entertainment and MKC Entertainment Jon Forces to Present STan Lee's POW!er Concerts" (Press release).Beverly Hills, California: POW! Entertainment. April 2, 2013 – via Fanboy Comics.
  44. ^"Stan Lee, JADS International to Create Stan Lee Signature Cologne".Retail Merchandiser Magazine. June 12, 2013. Archived fromthe original on November 29, 2014. RetrievedNovember 18, 2014.
  45. ^abBrown Wright, Rebecca (June 3, 2014)."Local Film Production Company Partners with Stan Lee For Upcoming Movie".The Wasatch View. Archived fromthe original on April 18, 2015. RetrievedApril 3, 2015 – via Paralight Films.
  46. ^Kit, Borys (November 25, 2013)."Stan Lee, Avi Arad Team for Secret Movie Project".The Hollywood Reporter. Prometheus Global Media. RetrievedNovember 18, 2014.
  47. ^abBusch, Anita (August 7, 2014)."Near Myth: Stan Lee's 'Apollo Rising' To Meld With 'Eternal' For Greek God Project".Deadline Hollywood. Penske Business Media, LLC. RetrievedApril 3, 2015.
  48. ^abcMcNary, Dave (October 28, 2015)."Li Bingbing to Star in Superhero Movie 'Realm' for Stan Lee, Fundamental".Variety. RetrievedFebruary 23, 2016.
  49. ^ab"Completion of Discloseable Transaction in Relation to the Acquisition of the Entire Issued Share Capital of Ricco Media Investments Limited Involving the Issue of Consideration Shares under the General Mandate"(PDF).hkexnews.hk. Focus Media Network Limited. RetrievedMay 12, 2016.
  50. ^abMcNary, Dave (October 30, 2015)."Stan Lee Unveils 'Arch Alien' Movie Franchise Plan".Variety. RetrievedFebruary 23, 2016.
  51. ^abRichwine, Lisa; Grover, Ronald (August 6, 2014)."Disney toy division's focus on franchises makes it a star".Reuters. RetrievedAugust 14, 2014.
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  55. ^Tartaglione, Nancy (March 24, 2016)."'Stan Lee's Lucky Man': Hit Sky1 Crime Drama Gets Second Season Order".Deadline. Penske Business Media, LLC. RetrievedMay 12, 2016.
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  66. ^Nyay, Bhushan (October 16, 2013)."Stan Lee's Indian Superhero 'Chakra' to Premiere on Country's Cartoon Network in November".Hollywood Reporter. RetrievedNovember 7, 2013.
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  80. ^Couch, Aaron (May 29, 2019)."Arnold Schwarzenegger Lending Voice to 'Stan Lee's Superhero Kindergarten'".The Hollywood Reporter. RetrievedMay 29, 2019.
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  82. ^"Company Overview of Stan Lee Global Entertainment, LLC".Bloomberg.com. RetrievedMay 12, 2016.

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