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Well, it looks like in addition to ripping off the Make-A-Wish Foundation, Gencon also owes a shitload of money to other companies. It looks like the entire company was run by some crazed assmonkey without a lick of financial sense. This also explains why Wizards of the Coast has been unwilling to commit to attending the event. I thought at the time it was just a bit of CYA due to the money owed to Lucas Arts and their close relationship, but it turns out that Gencon owes Hasbro even more. If Hasbro actually attends the con, the chances of them getting the full amount of their money back is almost nil. No doubt they'd be willing to do it if they could convert the debt to credit to be used this year, but there's no way the bankruptcy is going to allow that.

Here's a list of the top 10 companies who are owed money:



Can you believe that? Who the hell spends three quarters of a million dollars on Star Wars decorations? Upon seeing this, it seems far more likely that gencon is going to go down in flames. In this market, they're going to find it absolutely impossible to borrow money and the lack of WotC is going to hugely impact next year's attendance. They're lucky the bankruptcy case broke when it did, after many people had already planned their summer trip. If it had hit back in November or something, it might have been catastrophic.

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[info]jirel wrote:
May. 15th, 2008 06:06 pm (UTC)
[info]jirel wrote:
May. 15th, 2008 06:10 pm (UTC)
I notice that the hotels and convention center they owe are placed in California leading credulance to their statement that it was SoCal that caused the money problem. and how the heck can they owe Hidden City 125,000.00 dollars? I didn't think HC was doing that well and its run (and financed) by Peter.
[info]henwy wrote:
May. 15th, 2008 06:25 pm (UTC)
They also owe all of the indy hotels too. Just less. In fact, there's almost no one that gencon doesn't owe money to. There's even a 20k bill to The Onion and a 30k bill to Disney.
[info]gazpacho wrote:
May. 16th, 2008 02:02 am (UTC)
For what do you owe money to The Onion? A fee for not-being-funny-and-being-idiots?

Edited at 2008-05-16 02:03 am (UTC)
[info]mock26 wrote:
May. 16th, 2008 05:58 pm (UTC)
GenCon generally runs ads in The Onion. Some of them from years past were quite hilarious.

And, I think that The Onion is absolutely hilarious. You just have to learn to read just the headlines (and the small one-paragraph stories on page 2 and the opinion of the people section).
[info]gazpacho wrote:
May. 16th, 2008 02:00 am (UTC)
So, isn't owing money to HC like owing money to himself?
[info]henwy wrote:
May. 16th, 2008 07:21 am (UTC)
HC is pretty flush thanks to that BS crap they rolled out.
[info]wanderingasian wrote:
May. 15th, 2008 10:01 pm (UTC)
hey Henwy, I know this is off topic but do you have any interesting message boards to lurk in? I need a break from my usual one.

Oh and since you're going to Gencon, can you get me some cheap memorabelia? When Gencon disappears could make some money off collectors.
[info]henwy wrote:
May. 16th, 2008 07:21 am (UTC)
I'm no actually on many forums. Haven't found any I'm meshed with. The only one I hang around on are the True Dungeon forum and I read a few others.
[info]wanderingasian wrote:
May. 16th, 2008 05:08 pm (UTC)
Is that just how it is with nerds? Although we have so many things in common we just can't click cause we think all of us are too weird for each other?
[info]wgptrey wrote:
May. 16th, 2008 02:00 pm (UTC)
Random side comment - a convention decorator isn't a vendor who provides decorations in the "cardboard standee of Han Solo" sense (though sometimes the Han Solo vendor is a decorator subcontractor).

The show decorator is a vendor who oversees carpet, pipe and drape, furniture, rope and stanchions for the reg lines, reg line booths, booth shipping and handling for the exhibit hall, (including moving everyone's booth pallets for load in and load out), hanging signs and banners, electrical, A/V, extra tables beyond what a convention center provides, stages, floral, internet, etc. Some of those are actually provided indirectly through subcontractors, but the billing is through the decorator.

-Trey
Origins Program Director

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[info]henwy
In the darkness the trees are full of starlight

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