I'm reminded of WCW's death, which also involved a WB merger...
People say Jamie Kellner killed WCW because he hated wrestling, and it was all over once he was named the new head of tv programming.
And you know what? He probably did hate wrestling... but WCW also lost $62.3 million in the...
Deep down I think Todd always wanted to build a brand big enough to be worth some serious money so he could sell out and be set for the rest of his life, but yeah coming so shortly after losing the DC licence back to Mattel is a warning sign of sorts.
From what I can see, Gladstone owns a number of toy/collectable companies, so it really doesn't look like a private equity situation.
Seems weird to sell out after losing the DC license and presumably being less valuable. It may just have been that Todd got too good an offer.
Many such cases...
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