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POW! Entertainment, Inc.

File:POW entertainment logo.jpg
Company type	Public company
Traded as	OTCQB: POWN
Industry	Entertainment
Founded	2001
Founder	Stan Lee Gill Champion Arthur Lieberman
Headquarters	Beverly Hills, California, United States
Key people	Stan Lee (Chairman and CCO) Gill Champion (President and CEO)
Services	development
Revenue	$ 2.38 million (FY 2013)
Operating income	$ -198,630 (FY 2013)
Net income	$ -392,689 (FY 2013)
Total assets	$ 880,224 (FY 2013)
Total equity	$ -4,6 million (FY 2013)
Number of employees	12 (October 2011)
Subsidiaries	Template:UBl
Website	POW! Entertainment.com

POW! (Purveyors of Wonder) Entertainment is an American media production company formed in 2001 by Gill Champion, Arthur Lieberman and former Marvel Comics editor and publisher Stan Lee. POW! is made up of primarily two companies, POW! Entertainment, Inc. (POW! Inc.), a holding corporation so as to have publicly traded stock, and the operating company, POW! Entertainment, LLC (POW! LLC), the primary operating company.

POW! productions include the 2006 Sci Fi Channel's TV-movie Stan Lee's Lightspeed and that network's reality television series Who Wants to Be a Superhero?. 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 with Gill Champion and Arthur Lieberman formed POW! Entertainment, LLC, a Delaware limited liability company. POW set up their offices at the Santa Monica, California MGM HQ offices as a first look deal was negotiated in April 2003 by Lieberman with Metro-Goldwyn-Mayer and Cheyenne Enterprises, Bruce Willis's and producer Arnold Rifkin's production company.

Lee created the risqué animated superhero series Stripperella for Spike TV's The Strip animated block which premiered on June 26, 2003. POW! has 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. While in that month, the company signed with DIC Entertainment on a TV series production deal starting with Stan Lee's Secret Super Six, about alien super powered teens 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 playmates.

Public corporation

The separate corporation POW! Entertainment, Inc., is a holding company created so as to have publicly traded stock. This corporation originated as the Delaware corporation Megatek Legacy Systems, Inc., formed August 17, 1998; this became Alta Pacific Minerals, Inc. in 1999, and Arturion Entertainment, Inc. in 2002. By 2004, Arturion' stockholder were Media Dynamics, Inc., owned by Valerie Barth, controlling stockholder, and minority stockholder, UltraVision Inc., owned by Ron Sandman. Arturion was a public shell corporation that was used to acquire POW! on May 5, 2004, with POW! members receiving Arturion shares to take it public on the 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.

In August, 2004 he announced a superhero program that would feature Ringo Starr, the former Beatle, as the lead character. Additionally, in August of that year, Lee announced the launch of Stan Lee's Sunday Comics.

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 joint development of 6 cartoon films. In 2005, the company announced that another animated film that would feature the voice of Ringo Starr. 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. The channel includes mobisodes with Stripperella, The Accuser and The Drifter.

In 2004, an agreement with Andrew Stevens Entertainment Group and Jeff Franklin of FWE Inc., POW! and Lee planned to produce three action movies for the Sci Fi Channel to be aired in 2005-2006. Only one movie, Lightspeed, was completed for SciFi and aired July 26, 2006. POW! president and CEO Champion said in 2005 that Lee was creating a new superhero, Foreverman, for a Paramount Pictures movie, in tandem with producer Robert Evans and Idiom Films, with Peter Briggs hired to collaborate with Lee on the screenplay.

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

POW! and Walt Disney Studios agree to a first-look deal in June 2007. The following year, the first three titles under that deal were announced: Nick Ratchet, Blaze and Tigress.

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

Brighton Partners and Rainmaker Animation announced in April 2008 a partnership with POW! to produce a CGI film series, "Legion of 5". That same month, Virgin Comics announced Lee would create a line of superhero comics for that company.

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. Also, Disney's Silver Creek Pictures entered into another agreement with POW! for first-look and consulting services.

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. 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. On August 5, 2010, the reality-television series Stan Lee's Superhumans show premiered on the cable channel History. Also that month, Super7, a toy manufacturer, sued POW! and partners over Stan Lee Comics' Super Seven. Late in the year, POW! and Boom! Studios began publishing three new comic-book series: Soldier Zero, Starborn, and The Traveler. In October 2010, 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.

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. In 2011, Lee was writing a live-action musical, The Yin and Yang Battle of Tao. In October, Lee announced he would partner with 1821 Comics on a multimedia imprint for children, Stan Lee’s Kids Universe, a move he said addressed the lack of comic books targeted for children; and that he was collaborating with the company on its futuristic graphic novel Romeo & Juliet: The War, by writer Max Work and artist Skan Srisuwan. 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.

In May 2012, Arthur Lieberman, Chief Operating Officer and Chief Counsel of POW!, passed away due to lung cancer.

Also in May, POW! filed suit for fraud and breach of contract against Valerie Barth of Media Dynamics and Ron Sandman, sole director of UltraVision Inc. POW pre-emptively sued the duo due to the public statements about feeling "robbed" in the transaction not knowing about the issues surrounding Stan Lee Media (SLM). POW claims that they are owed $1.15 million for a 3 million POW! common stock subscription. Barth, Sandman and their corporations counter sued for conspiracy, fraud and violations of security laws in relationship to the Arturion reverse merger by inflating assets and failing to reveal SLM-Lee agreements. Also, they claim the POW Trio failed to get an additional $1 million in financing as promised do to the SLM problems amongst other claims.

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

On April 5, 2013, a POW! joint venture 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 with future concerts at other military bases and proceeds going to military affiliated charities. On June 12, POW and JADS International released Stan Lee Signature Cologne.

Arad Productions and POW! are in early development on a new superhero movie set up at Columbia Pictures as of November 2013.

Disney's first deal with POW is "The Zodiac Legacy" book series through Disney Publishing Worldwide is to be released in January 2015.

Production

Units

• QED Productions, LLC - holds the intellectual property from the defunct Stan Lee Media
• PFD, LLC
• Pharmelle, Inc., inactive
• POW! Entertainmment, LLC
  • Panda Media Partners - a joint venture with Fidelis Entertainment
    • Magic Storm Entertainment - a partnership with Ricco Capital for the Asian markets
  • SLG Entertainment, LLC (SLGE) - owned with NHL Enterprises (NHLE), LP
    • Guardian Media Entertainment, LLC (GME) - The Guardian Project with NBCUniversal
  • Stan Lee Comics LLC- a joint venture with A Squared Entertainment (A2) and Archie Comics
  • Stan Lee’s Kids Universe - a joint venture with 1821 Comics for a multimedia imprint for children
  • Stan Lee's World of Heroes - a joint venture with YouTube and Vuguru on a YouTube channel
  • SL Power Concerts, LLC (2012-2013)

Investors

• The Walt Disney Company's Catalyst Investments, LLC (10%)
• Starz Media (formerly IDT Entertainment)

Footnotes

1. ^ "POW! ENTERTAINMENT Inc 2013 Annual Report, Form 10-K, Filing Date December 31, 2013". secdatabase.com. Retrieved 15 August 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
2. ^ "POW! Entertainment LLC FORM 10-K". SEC.gov. Securities and Exchange Commission. Retrieved 29 June 2011.
3. ^ Gardner, Eriq (3 May 2012). "Stan Lee Fights for Control of His POW! Entertainment (Exclusive)". Hollywoodreporter.com. Retrieved 3 July 2012.
4. ^ Rick DeMott, Rick DeMott (18 July 2003). "POW! Stan Lee Reloaded". AWN Profile. Retrieved 9 January 2015.
5. "Ringo Starr to become superhero". BBC. 6 August 2004.
6. "Stan Lee Launches New Online Comic Venture". CBC. 6 August 2004. Archived from the original on 4 August 2010. {{cite news}}: |archive-date= / |archive-url= timestamp mismatch; 12 December 2007 suggested (help)
7. Graser, Marc (7 May 2004). "IDT joins Lee in POW! to distrib toon DVDs". Daily Variety. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
8. Newsarama.com (March 7, 2007): "Talking Stan Lee's Mosiac With Scott Lobdell", by Daniel Robert Epstein
9. "Ringo Starr, superhero". Archived from the original on 26 January 2005. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
10. POW! Entertainment,Inc Announces Alliance with Sprint Nextel Corp. and Vidiator in Sixty Billion Dollar Wireless Market 26 December 2006
11. ^ Ball, Ryan (3 December 2004). "Scribe Runs to Stan Lee's Lightspeed". Animation Magazine. Retrieved 30 June 2011.
12. "Stan Lee's LightSpeed Premiering July 26". SuperHeroHype.com. 12 July 2006. Retrieved 30 June 2011.
13. Foreman, Liza (1 March 2005). "Lee, Evans' POW! fields 'Foreverman'". The Hollywood Reporter. Archived from the original on 30 September 2007. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
14. ^ "Disney, Stan Lee sign production deal". Hollywood Reporter. Reuters. 6 June 2007. Retrieved 28 June 2011.
15. Fletcher, Alex (4 April 2008). "Lee agrees to three films with Disney". digitalspy.com. Retrieved 17 November 2011.
16. "June 9: Stan Lee Media, Inc. Files Expected Lawsuit Against Stan Lee". Daily Blog. The Comic Reporter. Retrieved 10 April 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
17. Law360 summary, January 27, 2009
18. "Stan Lee Launching Legion of 5". ComingSoon.net. Retrieved 10 April 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
19. Boucher, Geoff (19 April 2008). "Stan Lee to oversee Virgin Comics' superheroes". Los Angeles Times.
20. Kit, Borys. "Disney acquires stake in Stan Lee's POW!". The Hollywood Reporter. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
21. "Disney Expands Ties With Stan Lee". ICV2.com. 3 January 2010. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
22. Truitt, Brian (22 February 2010). "Meet Stan Lee's newest super-team, 'Super Seven'". USA TODAY. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
23. "Lee, Meltzer team with History Channel". digitalspy.com. 5 May 2010. Retrieved 17 November 2011.
24. Armitage, Hugh (10 August 2010). "Toy company sues Stan Lee, Archie Comics". Digitalspy.com. Retrieved 17 November 2011.
25. Langshaw, Mark (2 March 2010). "Stan Lee partners with BOOM! Studios". digitalspy.com. Retrieved 17 November 2011.
26. "Boom! announces three Stan Lee titles". digitalspy.com. 22 July 2010. Retrieved 17 November 2011.
27. "The Guardian Project". Guardian Media Entertainment. Archived from the original on 26 July 2011. Retrieved 10 April 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
28. Friedman, Wayne (16 June 2011). "NHL's 'Guardian Project' Strikes Marketing Deal With NBCU". Media Daily News. Archived from the original on 27 October 2011. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
29. Powers, Lindsay (28 June 2011). "The company joins with Ricco Capital and Panda Media Partners to form Magic Storm Entertainment". The Hollywood Reporter. Retrieved 28 June 2011.
30. Hetrick, Adam (4 January 2011). "Stan Lee Encouraged by Spider-Man; New Projects on the Horizon". Playbill. Archived from the original on 31 July 2011. Retrieved 10 April 2014. {{cite journal}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
31. Kepler, Adam W. (16 October 2011). "Monsters v. Kittens". The New York Times. Retrieved 10 April 2014. {{cite news}}: |archive-url= is malformed: liveweb (help); Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
32. Moore, Matt (14 October 2011). "Stan Lee's got a new universe, and it's for kids". Associated Press/MSNBC. Archived from the original on 24 June 2013. Retrieved 10 April 2014. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
33. Kit, Borys (17 November 2011). "Stan Lee's POW! Entertainment Signs Deals With YouTube and EQAL". hollywoodreporter.com. Retrieved 3 July 2012.
34. Eriq, Gardner (7 May 2012). "Hollywood Docket: Jeweler vs. Perez Hilton; George Clinton Denied; Stan Lee's Lawyer Dies". The Hollywood Reporter. Retrieved 3 July 2012.
35. ^ "The Hub Network Unveils 2013-'14 Program Slate with Six New Additions to Join Nine Returning Original Series". thefutoncritic.com. 20 March 2013. Retrieved 10 April 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
36. ^ Gonzales, Nicole; Garske, Monica (6 April 2013). "Comic Book Legend Stan Lee Kicks Off Military Concert Series in San Diego". nbcsandiego.com. NBCUniversal Media, LLC. Retrieved 14 August 2014.
37. "POW! ENTERTAINMENT AND MKC ENTERTAINMENT JOIN FORCES TO PRESENT STAN LEE'S POW!ER CONCERTS" (Press release). BEVERLY HILLS, CA: POW! Entertainment. 2 April 2013 – via Fanboy Comics.
38. "Stan Lee, JADS International to Create Stan Lee Signature Cologne". Retail Merchandiser Magazine. 12 June 2013. Retrieved 18 November 2014.
39. Kit, Borys (25 November 2013). "Stan Lee, Avi Arad Team for Secret Movie Project". The Hollywood Reporter. Prometheus Global Media. Retrieved 18 November 2014.
40. ^ Richwine, Lisa; Grover, Ronald (6 August 2014). "Disney toy division's focus on franchises makes it a star". reuters.com. Thomson Reuters. Retrieved 14 August 2014.
41. Bhushan, Nyay. (December 21, 2011) Stan Lee to Create Indian Comic Superhero 'Chakra - The Invincible'. Hollywood Reporter. Retrieved 7 November 2013.
42. Bhushan, Nyay. (October 16, 2013) Stan Lee's Indian Superhero 'Chakra' to Premiere on Country's Cartoon Network in November. Hollywood Reporter. Retrieved 7 November 2013.
43. de Matos, Xav (17 September 2012). "Stan Lee brings his vision to iOS with new IP 'Verticus'". Joystiq.com. Retrieved 20 March 2013.
44. Graser, Marc (12 October 2013). "Stan Lee Creates New Superheroes for Plotagon". Variety. Penske Business Media. Retrieved 18 November 2014.
45. Graser, Marc (31 October 2013). "Stan Lee Added to Plotagon as Castable Character". Variety. Penske Business Media. Retrieved 18 November 2014.

External links

• powentertainment.com - POW's official site
• theRealStanLee.com - POW's official site for Stan Lee
• The Zodiac Legacy series website

• Television production companies of the United States
• Entertainment companies of the United States
• Companies established in 2001