The strategic review also mentions selling company assets. I hadn't given much thought to this, before. There seems to be good synergy between the different parts of WOW. I would have thought that breaking the company up and selling pieces would significantly diminish the rest of the company.
But, Mainframes 3-D modeling animation didn't really seem to fit in with the 2-D stuff on Frederator Networks or the 2-D animation service business. Mainframe did 3-D animation as a service and I presume it was profitable, so it wasn't a drain on company resources and no need to get rid of them. Also, Mainframe is moving into more traditional 2-D animation.
Caveat on my next statement. I don't watch much (any) of Frederator Network animation series, so I don't know what the quality and types of series being shown are.
WOW could sell off it's interest in the Castlevania animated series license. It has to have gone up substantially in value due to the success of the Netflix series. Other than WOW's Kevin Kolde being the Showrunner for the series, WOW doesn't seem much involved in producing the animated series, Powerhouse Studios is. Castlevania seems to be a quite different type of series than the usual fair coming out of WOW/Frederator ("Bee and Puppcat", Bravest Warrior", Costume Quest (?), etc...). I don't know how much selling the Castlevania license would bring in, though.
Any money brought in could be used to expand/support the rest of the company.
As I said before, when the company first mentioned the strategic review, I was thinking the company possibly being sold would be the likely outcome (at a reasonable price). After the annual meeting conference call, I had the impression (I could be wrong), the strategic review was heading towards "inorganic growth", not a sale. WOW has barely attained profitability, I don't see borrowing money a viable option for inorganic growth.
I think the best case scenarios, for shareholders, are, a large equity investment or a sale of the company. I think other actions would have a smaller impact, that would take longer to achieve, on the company.
If you or anyone else has thoughts on this, I'd be interested in hearing them. I know I have overlooked a few things and I am biased against other actions the company can take.
News 
Market Data 
Discover 
