Dragon*Con Buys Edward Kramer Out
This is very good news. Dragon*Con announced this on their Facebook page today:
The Board of Directors and Shareholders of Dragon Con / ACE, Inc., producer of Dragon*Con, Atlanta’s internationally known pop culture, fantasy and sci-fi convention, have agreed to merge the company into Dragon Con, Inc. (Dragon Con) in a cash-out merger.
Led by Pat Henry, David Cody and Robert Dennis, ownership of Dragon Con includes five of the six founding owners of Dragon Con / ACE (the old Dragon Con). The effective date of the merger is July 8, 2013.
Edward Kramer, who has not had any role in managing or organizing the convention since 2000, was offered cash for his shares in the old company. Financial terms of the transaction were not disclosed.
“This decision only affects the ownership of the old Dragon Con,” said Pat Henry, President and Chief Executive Officer of Dragon Con. “Our members and others who attend Dragon*Con 2013 will experience the same fantastic convention they have come to expect from us.”
Dragon Con will continue the agreements with each of the host and overflow hotels associated with the convention as well as all of the guests and performers scheduled to appear at this year’s event, either “as is” or with amendments recognizing Dragon Con as owner.
Dragon*Con is the largest pop culture convention featuring comics, film, television, costuming, art, music, and gaming. Held each Labor Day weekend in Atlanta, Dragon*Con attracted more than 52,000 attendees in 2012. For more information, please visit www.dragoncon.org.
Hopefully this will now put the major stigma of having Mr. Kramer continuing to be associated with Dragon*Con behind them.