Chinese Investment Company ‘Purchases’ Stan Lee, Plans To Create Own Marvel

Chinese Investment Company ‘Purchases’ Stan Lee, Plans To Create Own Marvel

Christy Zhou

HONG KONG – A Hong Kong based investment company, Camsing International Holdings, has bought Stan Lee’s POW!(Purveyors of Wonder) Entertainment at an unknown price.

Stan Lee is best-known for the characters created in the Marvel Universe including Iron Man, Captain America, Thor, Spider-Man, Deadpool, Fantastic Four, and so on.

According to a report from Deadline, the company plans to use it to create their own “MARVEL” in the Asian market.

Alex Sobottke junior, thinks it is a good idea, but might not worth it.

“I mean, it’s a good deal, but since Stan Lee is old, we don’t know what is going to happen…”

Cynthia Wang, freshman, approves the Hong Kong company’s move, but is still an advocate for the original Marvel company.

“ I think it’s great, but I will probably still love the actual Marvel more.”

However, POW! Entertainment does not have the exact same intellectual properties that Marvel has been using to create the Marvel Universe.

The company’s purchase does come with one important thing though, that is, Stan Lee, the man himself.

Lee will remain as Chief Creative Officer for the company, implying that there will be a merge between Camsing and Merger Sub, and plans to stay on and be involved in the creation of the new properties.

The Hong Kong company, as part of the program, has said Vivian Lo, CEO, will be in charge of this time’s cooperating.

“I believe the merger will bring significant synergy by combining POW!’s existing intellectual property library and Camsing’s strong IP merchandising network in China, therefore creating value for our shareholders,” said Lo.

Camsing considers it as a chance to spread Pow!’s properties in China even more while its own excellent expanding in the U.S.

References: http://www.bizjournals.com/losangeles/news/2017/05/08/stan-lee-s-pow-entertainment-sells-to-hong-kong.html

https://www.bleedingcool.com/2017/05/08/chinese-investment-company-purchases-stan-lee-plans-create-marvel/