Camsing Acquires Stan Lee’s POW! Entertainment8 May, 2017
Chinese marketing firm Camsing International Holding has acquired POW! Entertainment, the media and entertainment company founded by comic book icon Stan Lee. Under the deal, Camsing will receive the POW! library of intellectual properties for film, television, games, virtual reality, animation, live events, tours, comics and publishing. The deal gives Camsing’s North American partners a chance to advance IPs in Asia.
Stan Lee will continue as chief creative officer of POW! Entertainment, with Camsing U.S. VP Shane Duffy serving as CEO and Gill Champion transitioning to president.
"I am enthusiastic to continue with the next chapter of my career and to be involved with the continued development and production of so many of the new projects that we developed while at POW! Entertainment,” Lee said. “The Camsing merger will provide additional resources for development of these projects and access to new markets. Ultimately this will enhance and create additional opportunities for fans of the genre around the globe to enjoy the superheroes that we have created over the last few years. Excelsior!"
“This deal will enhance Camsing’s comic intellectual property creation capability by working with Lee, who is a global proven name. The group will continue to produce better products and content for its global customers and develop another ‘Marvel’ in the Asian market,” said Camsing Chairman and CEO Vivian Lo.