Three Shows in Q1
Posted by Milton Griepp on May 21, 2019 @ 12:33 pm CT
While the company has been controlling operating costs, those efforts are offset by increasing talent costs.
The short explanation: Wizard is spending more on talent to get people to come to its shows, but they aren’t.
The Q1 loss comes after a $2.6 million loss in 2018 (see "Wizard Lost $2.6 Million in 2018").
Wizard said in the filing it will operate 14 shows this year; last month it announced 15 events (see "Wizard Adds Shows to 2019 Schedule"), and in its 2018 Annual Report it said it would operate 13 events.
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