Sunday, December 19, 2004

Todd McFarlane files for Chapter 11

via THE BEAT:

Todd's just not having a banner year--he loses a case to Neil Gaiman, loses a case to Tony Twist (and $15 million), the steroid scandal in baseball will likely kill interest in Todd's balls, and now he files for the bankruptcy in his publishing company.

I always thought the Tony Twist lawsuit was frivolous, since the character only really appeared in a single issue, and I doubt that Todd reaped $15 million off that one issue, or that issue really contributed that much to the success of Spawn (the 90s boom did that)

The people who will really be hurt by this are the comic creators he owes money too:

Angel Medina -- $3,960.00
Brian Haberlin -- $13,600.00
Brian Holgiun -- $8,800.00
Comicraft -- $2,200.00
Danny Miki -- $4,070.00
Greg Capullo -- $18,250.00
Greg Scott -- $1,750.00
Jay Fotos -- $5,600.00
Tom Orzechowski -- $2,200.00

Owing Greg Capullo almost $20k is just plain damn ricockulous, since Capullo pretty much took over the production of the Spawn comic when Todd became bigger than comics and didn't have to do them anymore.

Poor, poor Todd. Guess he's not quite the businessman that people took him for.

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