POW! Entertainment

Source: Wikipedia, the free encyclopedia.

POW! Entertainment, Inc.
Company typeSubsidiary
IndustryEntertainment
Founded2001
Founder
Headquarters
Beverly Hills, California
,
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 former Marvel Comics editor and publisher Stan 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 2006 Sci-Fi Channel's TV-movie Stan Lee's Lightspeed, that network's reality television series Who Wants to Be a Superhero? and the Stan Lee's Mighty 7 media franchise. Other productions include the direct-to-DVD animated features Stan Lee's Mosaic and Stan Lee Presents: The Condor.

History

In November 2001, Stan Lee formed POW! Entertainment, LLC, a Delaware-registered limited liability company, with Gill Champion and Arthur Lieberman.[5][6] POW! set up their offices at Metro-Goldwyn-Mayer's headquarters in Santa Monica, California as a first look deal was negotiated in April 2002 by Lieberman with MGM and Cheyenne Enterprises, Bruce Willis's and producer Arnold Rifkin's production company.[7]

Lee created the risqué animated superhero series Stripperella for Spike 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 writers Cary Solomon and Chuck Konzelman and The Double Man, then under development by Training Day director Antoine Fuqua. A production agreement was signed by POW! and Idiom Films for Forever Man, an avenging hero type with a twist. Meanwhile, the company signed with DIC Entertainment on a TV series production deal starting with Stan Lee's Secret Super Six, about teens with alien superpowers who are taught by Lee about humanity. The in-development Hefs Superbunnies animated superhero series was announced by Lee at Comic-Con 2003, which would feature a villain fighting Hugh Hefner and his playmates.[7]

Public corporation

The separate corporation, POW! Entertainment, Inc., is a holding 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 public shell corporation used to acquire POW! on May 5, 2004, with POW! members receiving Arturion shares to take it public on over-the-counter market "Pink Sheets" in a reverse 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 feature Ringo Starr, the former Beatle, 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 of Ringo Starr.[11][12] Also in early 2005, the company formed a strategic partnership to develop a new mobile channel with mobile-streaming pioneer Vidiator, through Vidiator's mobile streaming technology. In 2006, this resulted in an agreement with Sprint Nextel Corp. where the Stan Lee's POW! Mobile Channel is officially listed as Sprint's Channel 70.[13] The channel includes mobisodes with Stripperella, The Accuser and The Drifter.[citation needed]

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

In December 2004, in a joint venture agreement with Celebrities 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 of Diverse 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 with Celebrities 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, for Paramount Pictures in tandem with producer Robert Evans and Idiom Films, with Peter Briggs hired to collaborate with Lee on the screenplay.[18] In 2005, Lee and Michelle Rodriguez agreed to develop a Tigress film, based on the Conan the Barbarian comic book villainess.[19]

In 2007, POW! started a series of direct-to-DVD animated films under the Stan Lee Presents banner.[citation needed] The two releases were Mosaic and The Condor.[20]

POW! and Walt 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 and Tigress, an original concept from the Conan villainess.[21]

On June 9, 2007, a suit was brought against Lee, POW!, subsidiary QED Entertainment, and the former Stan 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 and Rainmaker 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 of Marvel 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 with A Squared Entertainment (A2) and Archie Comics to create the Stan Lee Comics print and digital line starting with the Super Seven.[28] On August 5, the reality-television series Stan Lee's Superhumans show premiered on the cable channel History.[29] Also that month, Super7, a toy manufacturer, sued POW! and partners over Stan Lee Comics' Super Seven.[30] Late in the year, POW! and Boom! Studios began publishing three new comic-book series: Soldier Zero, Starborn, and The Traveler.[31][32] In October, Guardian Media Entertainment, a partnership of Lee, SLG Entertainment and NHL Enterprises, created hockey-themed superheroes called "Guardians" for each of the 30 teams in the National Hockey League. The venture includes a graphic novel.[33][34]

Ricco Capital and Panda Media Partners, a joint venture of POW! and Fidelis Entertainment, formed a partnership, Magic Storm Entertainment, in June 2011 to produce material for Asia.[35] In 2011, Lee was writing a live-action musical, The Yin and Yang Battle of Tao.[36] In October, Lee announced he would partner with 1821 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 novel Romeo & Juliet: The War, by writer Max Work and artist Skan Srisuwan.[37][38] In November, POW! signed an agreement with YouTube and Vuguru, Michael Eisner's digital studio, to start a YouTube channel called Stan 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 corporations countersued.[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 band Gloriana 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 at Columbia Pictures as of November 2013,[46] which is revealed in August 2014 as Apollo Rising, as it was melded with Red Queen author Victoria Aveyard's script Eternals.[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, and Arch Alien, a sci-fi movie.[50]

Disney's second and final project under the first look deal with POW! was The Zodiac Legacy book series, with the first book to be released through Disney 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's Lucky Man was picked up in March 2015 by Sky1 to be adapted into a one-hour, 10-episode show, as a POW! co-production with Carnival 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

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 the Kindergarten Cop adaptation title.[62]

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

Production

Title Year(s) Type Production
partner(s) 		Distributor Notes
Stripperella 2003–2004 Animated series Spike TV
Stan Lee’s Superhero Christmas October 2004 Book HarperCollins[14]
4th Qtr. 2005 Direct-to-video
Lightspeed 2006 Television film FWE Picture Company Sci Fi Channel (TV)
Nu Image Films
Who Wants to Be a Superhero? 2006–2007 Reality television series Nash Entertainment Sci Fi Channel 2 seasons
Mosaic 2007 Direct-to-video
Anchor Bay Entertainment Released under "Stan Lee Presents" label
The Condor
Ultimo 2008 Manga Shueisha
Viz Media[63]
Who Wants to Be a Superhero? (UK) 2009 Reality television series BBC Two/CBBC 1 season
Time Jumper 2009 Animated mobile series Walt Disney Studios Home Entertainment iTunes
"Heroman" 2009–2012 Manga Square Enix's Shonen Gangan[64]
2010 Anime television series Bones
Wowmax Media 		TX Network
Stan Lee's line 2010 Comic books Boom! Studios Titles:
  • Soldier Zero
  • Starborn
  • The Traveler
Stan Lee's Superhumans 2010 –2013 Reality television series The History Channel 3 seasons 31 episodes
Chakra: The Invincible Digital comics series Liquid Comics Graphic India[65]
November 30, 2013 Animated film Graphic India Cartoon Network India Also on ToonTV[66]
Stan Lee's Verticus September 2012 iOS game Controlled Chaos Media Moonshark[67]
Stan Lee Superhero Pack November 2014 Software add-on Plotagon Plotagon film software expansion with five characters, 4 new superheroes and a bonus Stan Lee[68][69]
The Zodiac Legacy January 27, 2015 Book series Disney Publishing Worldwide[51] 2 illustrated novels so far:
  • Convergence
  • The Dragon's Return
March 30, 2016 Graphic novels Papercutz Tiger Island
Stan Lee's Hero Command March 19, 2015 expandable mobile game F84 Games[70][71]
"The Unknowns" 2015 Comic book Arcana Studios[72]
Lucky Man 2016 — 2018 UK drama series Carnival Films Sky1 (UK)
NBCUniversal International Distribution[54] 		3 seasons, 28 episodes
Stan Lee's Cosmic Crusaders 2016 Webseries Genius Brands The Hollywood Reporter [73]
God Woke 2016 Comic : 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 Force July 17, 2017 online comic twice per week[75]
The Reflection July 22, 2017 Anime TV series Studio DEEN NHK 12 episodes[76]
Stan Tones 2017 ring tones Google Play
apps store 		40 unique rings[77]
Alliances: A Trick of Light June 27, 2019 audio drama
Audible [78]
The B-Team 2020 Television show – Korean
  • Studio Invictus
  • Camsing International
  • Stan Lee Global Entertainment
  • JYP Pictures
 TBA Kang Eun-kyung's Plot Line providing scripts[79]
TBA Television show – Chinese
Superhero Kindergarten April 23, 2021–present[3] Animated TV show
Youku
Kartoon Channel![3]

Upcoming

Title Release Type Production
partner(s) 		Distributor Notes
Legion of 5 TBA Animated film Paralight Films
Rainmaker Entertainment 		casting[45]
Apollo Rising TBA Movie Arad Productions Columbia Pictures early development[47]
Realm TBA Movie Fundamental Films
Stan Lee Global Entertainment 		Fundamental Films Chinese Super heroine, cast (star: Li Bingbing) & scripted (Alex Litvak)[48]
Arch Alien TBA Movie Hualien Media
Mission Control Entertainment[50]
Stan Lee Universe imprint TBA comics Archie Comics Superhero Kindergarten, first title[62]

Units

Footnotes

  1. ^ a b c d McNary, Dave (May 8, 2017). "Stan Lee's Pow! Entertainment Bought by China's Camsing International". Variety. Retrieved August 19, 2017.
  2. ^ a b c d e f "POW! ENTERTAINMENT Inc 2013 Annual Report, Form 10-K, Filing Date December 31, 2015". secdatabase.com. Retrieved October 3, 2017.
  3. ^ a b c d Tuchow, Ryan (July 6, 2020). "Genius Brands acquires Stan Lee's likeness, IPs". Kidscreen. Retrieved July 10, 2020.
  4. ^ "Team". POW! Entertainment. Retrieved May 23, 2022.
  5. ^ a b c d e f g "POW! Entertainment LLC Form 10-K". SEC.gov. Securities and Exchange Commission. Retrieved June 29, 2011.
  6. ^ a b c Gardner, Eriq (May 3, 2012). "Stan Lee Fights for Control of His POW! Entertainment (Exclusive)". Hollywoodreporter.com. Retrieved July 3, 2012.
  7. ^ a b Rick DeMott, Rick DeMott (July 18, 2003). "POW! Stan Lee Reloaded". AWN Profile. Retrieved January 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 from the original on November 6, 2012. Retrieved April 10, 2014.
  11. ^ Newsarama.com (March 7, 2007): "Talking Stan Lee's Mosaic With Scott Lobdell", by Daniel Robert Epstein Archived September 29, 2007, at the Wayback Machine
  12. ^ "Ringo Starr, superhero". Archived from the original on January 26, 2005. Retrieved April 10, 2014.
  13. ^ POW! Entertainment, Inc Announces Alliance with Sprint Nextel Corp. and Vidiator in Sixty Billion Dollar Wireless Market 26 December 2006
  14. ^ a b Ball, Ryan (December 3, 2004). "Scribe Runs to Stan Lee's Lightspeed". Animation Magazine. Retrieved June 30, 2011.
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  16. ^ "Stan Lee Puts Celebrities In Action". AnimationMagazine.net. December 14, 2004.
  17. ^ "Lee to Put More Celebrities In Action". AnimationMagazine.net. February 16, 2005.
  18. ^ Foreman, Liza (March 1, 2005). "Lee, Evans' POW! fields 'Foreverman'". The Hollywood Reporter. Archived from the original on September 30, 2007. Retrieved April 10, 2014.
  19. ^ Keck, William (November 15, 2005). "She shot Shannon; what's Ana Lucia's next target?". USA Today. Retrieved August 19, 2015.
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  23. ^ Law360 summary, January 27, 2009
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  33. ^ "The Guardian Project". Guardian Media Entertainment. Archived from the original on July 11, 2011. Retrieved April 10, 2014.
  34. ^ Friedman, Wayne (June 16, 2011). "NHL's 'Guardian Project' Strikes Marketing Deal With NBCU". Media Daily News. Archived from the original on October 27, 2011. Retrieved November 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. Retrieved June 28, 2011.
  36. ^ Hetrick, Adam (January 4, 2011). "Stan Lee Encouraged by Spider-Man; New Projects on the Horizon". Playbill. Archived from the original on March 11, 2011. Retrieved April 10, 2014.
  37. ^ Kepler, Adam W. (October 16, 2011). "Monsters v. Kittens". The New York Times. Archived from the original on October 27, 2011. Retrieved April 10, 2014.
  38. ^ Moore, Matt (October 14, 2011). "Stan Lee's got a new universe, and it's for kids". Associated Press/MSNBC. Archived from the original on June 24, 2013. Retrieved April 10, 2014.
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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. Retrieved July 3, 2012.
  41. ^ "The Hub Network Unveils 2013-'14 Program Slate with Six New Additions to Join Nine Returning Original Series". thefutoncritic.com. March 20, 2013. Retrieved April 10, 2014.
  42. ^ a b Gonzales, Nicole; Garske, Monica (April 6, 2013). "Comic Book Legend Stan Lee Kicks Off Military Concert Series in San Diego". nbcsandiego.com. NBCUniversal Media, LLC. Retrieved August 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. Retrieved November 18, 2014.
  45. ^ a b Brown Wright, Rebecca (June 3, 2014). "Local Film Production Company Partners with Stan Lee For Upcoming Movie". The Wasatch View. Archived from the original on April 18, 2015. Retrieved April 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. Retrieved November 18, 2014.
  47. ^ a b Busch, 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. Retrieved April 3, 2015.
  48. ^ a b c McNary, Dave (October 28, 2015). "Li Bingbing to Star in Superhero Movie 'Realm' for Stan Lee, Fundamental". Variety. Retrieved February 23, 2016.
  49. ^ a b "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. Retrieved May 12, 2016.
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  51. ^ a b Richwine, Lisa; Grover, Ronald (August 6, 2014). "Disney toy division's focus on franchises makes it a star". Reuters. Retrieved August 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. Retrieved May 12, 2016.
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External links

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