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September 04, 2003
Stewed Tomatoes
VeggieTales company files for bankruptcy
Big Idea Productions, makers of the best-selling VeggieTales video series, filed for Chapter 11 bankruptcy on Tuesday, as part of a deal to sell the financially troubled company.Big Idea has agreed to sell its assets—including copyrights to Bob the Tomato and Larry the Cucumber and other VeggieTales characters—to Classic Media LLC, which owns or manages media properties such as "Rocky and Bullwinkle," "Lassie," "The Lone Ranger" and "Rudolph the Red-Nosed Reindeer."
Despite Big Idea's continued popularity—eight of the top 10 selling videos in the Christian retail market are from Big Idea, including the recently released The Ballad of Little Joe—the company has had cash flow problems in recent years.
Posted by Amy Welborn | Permalink
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Comments
I'm always so sorry when a good product fails. My prime example was the dandy clothing, Blue Fish, scads of happy customers, went belly-up. I'd like to know more about 'cash flow problems.' Wish we could offer more upfront planning resources and do something about apparent naivete among those who apparently skip across the playground and say, Hey Gang, let's start a business.
LP Piccolapesce, attorney
Posted by: bkc at Sep 4, 2003 6:49:04 PM
Yes, it's too bad -- *I* like their videos,as well as my kids.
Interesting that Phil Vischer says he thought God wanted them to keep expanding, but realizes now it was just his own idea. It's hard to take the time for discernment when you're working on something you love.
Posted by: Jane Wangersky at Sep 5, 2003 11:42:55 AM
Another case of Christians in business remembering the phrase "innocent as doves" and forgetting all about the conjoined "wily as serpents".
Posted by: Donald R. McClarey at Sep 5, 2003 12:53:29 PM
