Yesterday, we reported on the inactivity at Ape Entertainment, and wondered if the company was still around. Well, COO Brent Erwin responded to an inquiry to explain that they are just in reorg mode, but have a digital project coming out at the end of the month and more stuff in the works. Read on:
As Mark Twain said “The reports of my death have been greatly exaggerated”. As you know our business partner David Hedgecock left Ape very late last year to pursue an opportunity as a Managing Editor at IDW, we wished him well and hope nothing but success for him. At the time of David’s departure my other partner and I decided to take the opportunity to reorganize and stream line Ape which we are still in the process of doing.
We recently worked with Diamond to cancel outstanding orders on product that was beyond its normal shipping window. We didn’t want old orders hanging out there for retailers to have to deal with. We do plan to resolicit certain books at a later date, it just doesn’t make sense to announce that until we know exactly when we will. We have a lot of great product ready to launch.
We are currently planning the release of our “Fruit Ninja” comic app at the end of January for Chinese New Year along with other digital initiatives. We have also been in talks with Hollywood about a few of our properties so we have been keeping very busy.
Lastly I can tell you that we (the industry) are seeing growth in the print market as proven by the retail stores which I am an investor in that you mentioned in your post. The day to day operations of the stores are in the hands of Ron Killingsworth partner and General Manager.