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under G.I. Joe Comics

ADW Capital Partners L.P., which holds 9% of IDW Media Holdings’ stock, has called to sell the company to a “strategic partner” in order to “maximize value of intellectual property.”

The request has been made in a form of an open letter.

“But what it does not mean is that our content is any less valuable. It simply means our Company does not have the resources / the right cost of capital to BEST monetize its large and growing IP/content portfolio.”

***

“…we believe the intrinsic value of the Company’s assets is far higher than the Company’s trading price would indicate. We believe the market is discounting the Company’s ability to financially monetize its IP portfolio given its lack of scale, operational resources, balance sheet, and/or willingness to monetize the Company through a sale.”

***

“I am asking management to do the right thing for all stakeholders today and publicly announce a strategic alternatives process and its engagement of a major investment bank. By seeking a strategic partner at this stage in the game, it should ensure that the Company can grow significantly without many of the competitive / cost of capital risks of staying a small and independent public company.”

It certainly is an interesting time for the company. Quite a lot of changes are already happening. What the future holds for our beloved brands in comic form, is yet to be determined.

You can read the full letter courtesy of Bleeding Cool, after the jump.

[Read more…]

under Other

This news is strictly not G.I. Joe related; but perhaps one day it will be. Hasbro is giving us an inside look at their new Photo Real Technology.

With this new technology, the action figure characters are more like their celebrity counterparts in real life. Although the faces are not super realistic as the offerings from Hot Toys, it’s a huge leap forward without having to empty your wallets.

Dwight Stall (Hasbro Marvel Senior Design Manager): Once we have a 3D sculpt that we’re in love with, that matches our design spec, it gets turned over to the model shop. They will cast it, which is a process of taking the files, growing the files, taking those pieces, casting them in rubber molds so that we can make duplicates.

Sam Smith (Hasbro Star Wars Design Manager): So a lot of it kind of relies on on-set photography, especially for kind of getting some of the character likenesses. Really just being able to capture every angle of the character, every angle of the costume, and really being able to accurately recreate that in a digital sculpt.

Currently, Hasbro’s Photo Real Technology is being used on Marvel Legends, Star Wars Black Series and the upcoming Power Rangers Lightning Collection. We hope to see this same tech on future G.I. Joe figures as well.

You can read the full article on Business Insider.

What do you think about this new technology and its uses for G.I. Joe? Leave a thought on the thread associated with this news post. You can also find a video of the process, after the jump.

Photo Courtesy: Sister site ToyArk

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under G.I. Joe Statues

Site sponsor Big Bad Toy Store (BBTS) has opened pre-orders for Kotobukiya G.I. Joe Bishoujo Scarlett Statue, which previewed during New York Toy Fair 2019.

Product Description:

The world’s first series of action figures created by Hasbro, G.I. Joe follows a group of heroes in their fight against Cobra, an evil organization plotting to take over the world. In this new line of 1/7 scale statues, the colorful characters of G.I. JOE are reborn as Kotobukiya’s Bishoujo!

The first character to join the series is an agent from the global elite special unit known as the G.I. Joe team, Scarlett! The statue is based on original art by Shunya Yamashita, which was specially created as concept art for the Bishoujo statue!

A counter-intelligence expert who protects her allies from enemy schemes, Scarlett is proficient with a variety of weapons. Scarlett’s signature red hair and two-piece bodysuit are recreated in stunning detail. While remaining faithful to the original G.I. Joe series, Scarlett’s suit has also been upgraded to represent the advanced, high-tech equipment available to the elite G.I. Joe team, as is evident in the suit’s unique and highly detailed texture. Additionally, like the original action figure, Scarlett comes with an XK-1 power crossbow

Product Features:

  • 8.66 inches (22cm)
  • Made of plastic
  • From G.I. Joe: A Real American Hero
  • High quality digitally sculpted statue
  • Scarlett comes with an XK-1 power crossbow

Price: $114.99 $104.99

Fans can look for additional pre-order options and other G.I. Joe content from our site sponsors:

BBTS | The Toy Source | Cobra Stickers | Guru-Planet | Panther Collectibles | Big Boy Collectibles

under G.I. Joe Movie

Wizkids have announced a brand new initiative with Hasbro to bring miniature figures based on Transformers, G.I. Joe and My Little Pony franchises.

It is interesting to note that the G.I. Joe logo used for the promotional image we received, is actually the same one as seen on Hasbro’s Toy Fair Investor Day.

Fans can expect to see their favorite characters first appear later this year in both pre-painted and unpainted formats.

“Much of the WizKids team has grown up with these cherished brands and are thrilled to be bringing them to life with the high definition sculpting processes that our customers have come to love,” said Justin Ziran, president of WizKids.

You can read the full Press Release, after the jump.

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under G.I. Joe Comics

We have with us the IDW May 2019 G.I. Joe Solicitations.

This May we will see…

  • G.I. Joe: A Real American Hero #264 – Cover A: Diaz
  • G.I. Joe: A Real American Hero #264 – Cover B: Fraga
  • G.I. Joe: Modern Era Legends Portfolio

Find out more information about each title, after the jump. The latest covers are also attached with this news post.

[Read more…]

under G.I. Joe Movie

Speaking to the gathered audience at the Toy Fair 2019 Hasbro Investor Preview Event, CEO Brian Goldner highlighted future plans for the G.I. Joe franchise.

Mr. Goldner stated that the next G.I. Joe movie is planned for 2020.

He also revealed the newly updated movie logo. Exactly as we heard a couple of weeks ago, the company has reverted back to the original ARAH logo for the movie. You can check it out, after the jump.

However, the most surprising statement came next. Hasbro will NOT be funding for the upcoming movie. Mr. Goldner stated that they took this decision since the movie has already acquired the funding it needs.

“For next year, we are developing live action films: G.I. Joe and Micronauts. For 2021, we’re working on an animated CG 3D My Little Pony feature film and a live action Dungeons & Dragons film. Our funding model will vary between films. G.I. Joe already has funding and we will likely not contribute. For other live action projects, we may fund up to 50% of the production budget; recognizing more modest budget model that we’ve established with both Bumblebee and the 2017 My Little Pony animated feature.”

This move may also indirectly mean that Hasbro will only be minimally involved with the creative control of the movie.

You can check out the rest of our coverage via TFW2005. Don’t forget to join us tomorrow (02/15/2019) for our Toy Fair 2019 Main Event coverage.

Updated (11:30am ET)!

under G.I. Joe Various

We have an exciting news for all the Joe fans. Do you have what it takes to become a Senior Manager for G.I. Joe & Micronauts Global Brand Development? Well, Hasbro is offering this wonderful opportunity to you.

“We have an immediate opening for a results-oriented, innovative Senior Brand Manager to drive Product Development and Marketing for our GI Joe and Micronauts brands. In this high-profile role, you will drive the strategic product vision for GI Joe and Micronauts, lead a cross-functional team of designers and engineers to ideate and manufacture the yearly toy line, and develop a global marketing plan that effectively drive sales. Partnering with internal and external resources, you will build a cohesive and actionable category and channel marketing plan. You will will work with internal and external agencies and cross-functional teams to create global toolkits and communication tools necessary to drive sales. These toolkits include such things as Merchandising Guides, Digital and Broadcast assets, and product sizzles. You will work closely with regional teams to brief them on the product line, help accurately forecast, and partner to ensure success.

A day in the life:

  • Develop yearly product strategy based on key brand initiatives, consumer insights, and entertainment strategy.

  • Work with Design and Development to create an innovative toy line that is inspired by your Toy Strategy.”

With such posts, it can mean only one thing: G.I. Joe toys are now in development and it won’t be long until we set our eyes on official products from Hasbro.

News Post Artwork: Scott Cohn / Ross Hughes – 2016 Hasbro G.I. Joe Toyline

under G.I. Joe Movie

A casting call sheet posted by di Bonaventura Pictures on the acclaimed magazine ‘Production Weekly‘, now confirms several information from the upcoming movie G.I. Joe: Snake Eyes.

The posting (in its entirety) is as follows:

“G.I. JOE – SNAKE EYES” Feature Film

  • DI BONAVENTURA PICTURES (5555 Melrose Avenue De Mille Building 2nd Floor, Los Angeles, CA 90038 PHONE: 323-956-5454 FAX: 323-862-2288)
  • STATUS: Late-Spring 2019
  • PRODUCER: Lorenzo Di Bonaventura, Brian Goldner
  • WRITER: Evan Spiliotopoulos
  • DIRECTOR: Robert Schwentke
  • LINE PRODUCER: Jeff Waxman
  • ALLSPARK PICTURES (2950 North Hollywood Way Suite 100, Burbank, CA 91504 818-478-4320)
  • PARAMOUNT PICTURES (5555 Melrose Ave. Los Angeles, CA 90038-3197 323-956-5000, paramount_careers@paramount.com)

Snake Eyes is a silent ninja commando who dresses in all black, never reveals his face, and doesn’t speak. He stands out among the military antiterrorist group and quickly establishes himself as the most popular. He has a special relationship with Scarlett, the team’s one-time only female member, and sometimes carries out solo missions with his pet wolf, Timber. His archenemy is Storm Shadow, a ninja who is also his blood brother.

(Scouting locations in Japan, Vancouver, and Los Angeles.)

News Post Image Courtesy: Jarreau Wimberly | G.I. Joe: Battlegrounds

under G.I. Joe Movie

From the same source which brought us the development info of the Snake Eyes project; weeks before the info officially got dumped to the internet, comes another minor reveal.

A title reveal poster for the upcoming movie, is currently being prepared for an undisclosed event.

The logo is said to feature the original ARAH G.I. Joe logo (minus any wording such as “A Real American Hero” or “International Hero”) instead of the previous movie version.

Underneath the name are the words “Snake Eyes” written in slithering, black, capital letters.

Judging by all the info we received, we speculate that the event is actually Toy Fair and the logo will be showcased inside Hasbro’s official booth.

Since history has a way of repeating itself, this news mirrors several news items done for the Bumblebee movie at our sister site TFW2005. Many months before the Bumblebee movie logo reveal, the logo popped up as a trademark registered under Hasbro. As 2017 came to an end, the ARAH logo resurfaced as a new trademark as well.

Since New York Toy Fair 2019 is just around the corner, it won’t be long until we get to see this new development.

under G.I. Joe Movie

Producer and Paramount Pictures President Wyck Godfrey is working on to bring back some life to the dormant G.I. Joe Live Action Movie Franchise.

“We have to make more movies and also movies that stand the test of time,” he continued. “We have no choice. It’s the only way.” Paramount hopes to make 17 movies in 2020.

Mr. Godfrey’s coming film lineup emphasizes big-budget, global-audience movies, known in Hollywood as tentpoles. A long-gestating “Top Gun” sequel is finally happening. Mr. Godfrey is working to breathe life into the tired “Teenage Mutant Ninja Turtles,” “Terminator,” “Star Trek” and “G.I. Joe” franchises.

Mr. Godfery’s portfolio includes I, Robot, A Good Day To Die Hard, The Maze Runner Saga as well as the entire Twilight Saga. He was a long time producer and was hired as the President of Paramount Pictures back in late 2017. Mr. Godfrey will report to Jim Gianopulos (Chairman/CEO of Paramount Pictures) and oversee creative/development, casting, phsyical production, post production and music, according to the studio.

Wyck Godfrey is taking production duties of the Joe Franchise alongside Lorenzo di Bonaventura of di Bonaventura Pictures and Brian Goldner of Allspark Pictures.

As the first project, G.I. Joe: Snake Eyes is currently in development with a Spring 2019 filming schedule. The movie is slated to release on March 27th, 2020.