The comic convention franchise Wizard World is scaling back the number of conventions after filing a $4.25 million loss in 2015, according to ICv2. The company, which takes its name from the defunct magazine Wizard, held 25 events in 2015 for a combined revenue of $22.9m, which was less than 2014's convention revenue of $23.1m despite only hosting 17 shows that year. Looking closer, Wizard World's 2015 conventions earned on average $916,000 per show, as opposed to $1.36m in the year prior.
Additionally, Wizard World has sold all but 10% ownership of the fledging ConTV to Cinedigm. That venture was a $1.3m loss for WizardWorld in 2015.
WizardWorld has 19 conventions planned in 2016, with one being the new 'con cruise' venture.