I’ve written and rewritten this post at least three times today as new developments have surfaced. So lets get the basics down. Wizard magazine and ToyFare magazine are now defunct publications with most of their respective staffs being laid off effective immediately.
A now-former Wizard employee spoke with ifanboy and had some interesting things to say.
A self-aggrandizing press release from Wizard owner Gareb Shamus announced that the company was now a public company, will be launching an online magazine called ‘Wizard World’, and plans to have a 12 city convention tour. There was no mention of the discontinuation of the company’s two major publications.
Those who had subscriptions can expect not to be reimbursed since Mr. Shamus has something of a reputation for non-payment of contract work, and other shady practices.
As someone who had a subscription early in the magazine’s career and has roughly the first 100 issues, its sad to see it go, but I can’t tell you the last time I picked an issue up. It was a shadow of its former self. ToyFare’s end was a low blow for the toy industry as it was one of the few examples of a print publication based on toys that had remained successful and managed to get exclusive reveals of unseen figures.
You can see the press release and statement from Wizard World PR after the jump.