Wednesday, November 19, 2008

MG3 Files For Bankruptcy

Tony Caputo has been keeping a low profile for the last couple of years after the demise of NOW 3.0. Well, looks like he couldn't stand not being a comics mogal any longer and has resurfaced with a new media company venture. Notice how "A company spokesperson declined to reveal its principals" (although the press release was sent out by Tony Caputo). Declined to reveal it's principals? Who would say such a thing with a straight face? Of course, if you shout out that TONY CAPUTO IS STARTING YET ANOTHER COMIC BOOK COMPANY, er, excuse me, multi-layered media company, the rest of the industry will laugh their collective ass off. If history is our teacher, look for MG3 to go belly up real soon. For some history, go here.

Here's a link to the publisher. Notice that any info about who these dudes are is sparse. Looks like Caputo is involved in most of the books along with NOW alums Patrick Williams and Jim Van Hise. This guy, Jonathon Gilbreath is also involved in a few of the books.

Silly enough, I wish these guys all of the best (what do I care), but this whole thing is just so funny. It appears that Caputo has partnered with some Asian connection in order to launch this new media company (comic book publisher). And instead of calling the company "NOW 4.0", which would be utterly ridiculous and the kiss of death, it is called MG3 - whatever the hell that means (perhaps More Garbage Cubed).

MG3's mission statement is so Tony Caputo: "The company's mission is to find and utilize undervalued intellectual properties and in turn leverage those same properties as part of a larger library of content to increase their value by creating multi layered revenue streams." Translation: "We're a bunch of talentless fanboys who are going to turn our pathetic need to draw really bad comic books into a great way to piss our (and your) money away."

What's absolutely hilarious is that Caputo has had to go out of the country in order to get his comics produced. Rol Enriquez and Octographics are located in the Philippines. Apparently, Tony's reputation hasn't made it that far.

This is all quite silly but very entertaining.

Update: Found this press release. Please note the last sentence: "The durability of these intellectual properties is why millions of fans fondly remember Tony Caputo." Much thanks to Tony for not letting properties like the Terminator fall into obscurity. However, this release reveals much. Tony is finally doing what he should've done all along; license all of his own properties, hire freelancers to do the grunt work, and have someone else pay for all of it. He should do well, especially since millions upon millions of adoring fans so fondly remember him.


Blogger Andy said...

What does this dude look like? I don't think I've ever seen a picture of him.

11/21/2008 2:00 PM  
Blogger Marc Hansen said...

His mug.

11/21/2008 6:33 PM  

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