CrossGen Bankrupty Plan Approved

A very succinct summary of both the court's approval and the final status of the comic book company's debt can be found at the business analysis site ICv2.com.

CrossGen was a line of fantasy books helmed by millonaire comics enthusiast Mark Alessi, some of which resembled superheroes despite denials from the publisher, loosely connected by a shared universe and power implements common to certain stories. It later made attempts at publishing books out of that shared universe and with creator-driven properties. If I remember correctly, the company aggressively pursued movie and television exploitation of their various core properties, but facilitated this by setting their prices comparatively low in order to get them off the ground and running, by which point the failure of their publishing plan caught up with them.

The company was also noteworthy for bringing in its core creative teams as staff rather than working as freelancers, and for relatively aggressive-for-the-time book trade and library programs.
 
posted 4:15 am PST | Permalink
 

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