CBR On General Wowio Pay Ugliness

I suppose I could yank some pull quotes out of there, but basically all you need to know is that the Wowio downloadable comics service, a recently highly profitable revenue stream for various publishers, has apparently failed to pay in a timely fahsion what it owes some of its suppliers for 2Q 2008 and has altered its structure to the point it seems it will barely owe anyone anything in the future. New owner Platinum claims that the late payments are due to an ongoing transition in ownership, although those claims and others related to it seem extremely vague. Although all of this information has I think been out there in one for or another, CBR sings this tune in the form of a feature article. While there was obviously something broken at the company that led it to seek a safe harbor, things seem to have become worse rather than better.
 
posted 1:10 am PST | Permalink
 

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