We are retooling the site and content agreements â€¦ The changes and updates will take a few weeks, but we will be back online in mid-July. [emphasis mine]
We at Fleen know a lot of webcomickers deriving (in a few cases, considerable) income from Wowio, and we are hoping that â€œretooling content agreementsâ€ isnâ€™t PR-speak for â€œdrop the payment rate through the floorâ€. But we at Fleen have read enough corporate announcements to recognize boilerplate, and this sounds an awful lot like either a) finanical reorganization, or b) merger/buyout.
Platinum Studios, Inc. (OTCBB:PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters which it adapts, produces and licenses for all forms of media, today announced that it is in negotiations to acquire WOWIO, LLC, a leading online source for downloading digital books and comics.
I guess now we know why Platinum didn’t have enough money to pay its creators on time. If anybody with a WOWIO deal is willing to share their opinions on getting into bed with Platinum (or the quality of the “retooled” content agreements) , we at Fleen would love to talk with you (anonymously, if you like). Even if you don’t want to say howdy, we at Fleen would like to remind all WOWIO contractees to please check the rights clauses, especially if you are asked to sign something new.