Re: LazyTown in the US gone for good?
Yeah no reason to ask I was just curious. Thinking back I remember the incident from 2009 when the "bond" holders were calling in their loans because they were hurting from the crash of 2008.
KIDS' favourite LazyTown is facing financial meltdown — with its Icelandic bosses owing £15MILLION.
Bondholders are taking legal action to retrieve the vast sum, which may lead to the bankruptcy of LazyTown Entertainment.
Mr Scheving, 45, insisted most bondholders had agreed to loans being repaid in "the next few years".
And now this new deal 2 years later.
Pretty much the same amount needed to pay off those pesky bondholders. Magnus must also think about the future of his Lazytown franchise. He's getting older he'll be hitting the big 50 in just two years and I'm sure he's thinking about when it's time for him to retire and in who's capable hands to leave the franchise.
That's also his weakness. No matter how much anyone tries to deny it, without the money you are pretty much dead in the water. The ideal is to be financially independent so you don't have to go around crawling and selling your soul off to any devil that does have the cash. To be frank, LTEs marketing sucks and that's why they ran into trouble. Don't get me wrong one can love everything about one's creation but you must also be smart and practical business wise. More than likely, Magnus wanted to do more episodes but didn't have the funds to do it. He couldn't get more from the bondholders so he had to turn elsewhere and TBS took the deal.
TBS will show him how marketing is done. :)
Originally posted by beticaforever
KIDS' favourite LazyTown is facing financial meltdown — with its Icelandic bosses owing £15MILLION.
Bondholders are taking legal action to retrieve the vast sum, which may lead to the bankruptcy of LazyTown Entertainment.
Mr Scheving, 45, insisted most bondholders had agreed to loans being repaid in "the next few years".
And now this new deal 2 years later.
LazyTown firm bought by Turner Broadcasting
Children's television show created by Magnus Scheving sold in a deal valued at more than £15m
Children's television show created by Magnus Scheving sold in a deal valued at more than £15m
Originally posted by beticaforever
That's also his weakness. No matter how much anyone tries to deny it, without the money you are pretty much dead in the water. The ideal is to be financially independent so you don't have to go around crawling and selling your soul off to any devil that does have the cash. To be frank, LTEs marketing sucks and that's why they ran into trouble. Don't get me wrong one can love everything about one's creation but you must also be smart and practical business wise. More than likely, Magnus wanted to do more episodes but didn't have the funds to do it. He couldn't get more from the bondholders so he had to turn elsewhere and TBS took the deal.
TBS will show him how marketing is done. :)
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