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Megas XLR - Answer about Megas XLR reboot

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George Krstic @GeorgeKrstic Been getting a lot of questions re: #MegasXLR coming to streaming or back for more seasons (TLDR - it's not), but here are the facts as I understand them (Thread): 2:35 PM · Sep 16, 2020 - Twitter Web App 99 Retweets 15 Quote Tweets 255 Likes George Krstic @GeorgeKrstic · 1h Replying to @GeorgeKrstic -@JodySchaeffer12 and I do not own the rights - @cartoonnetwork does. CN is owned by @wbpictures, which I think is now owned by AT&T, I think? -We were told many years ago that CN wrote #MegasXLR off as a tax loss, and as such can't make any "new money" off of the IP. t7 12 O 49 George Krstic @GeorgeKrstic · 1h -Any new deals/new money generated would create some sort of tax issues, and as a result, CN has tanked the IP. (I'm not sure they even know it's in their library). -Jody and I have no say in how #MegasXLR is handled (reboots, re-releases, more seasons, etc) as it is not ours. O 2 27 7 O 43 George Krstic @GeorgeKrstic · 1h -We had plans for a third season, a console-based video game and a feature, all of which we had to abandon when we were shut down. -There was very little official #MegasXLR merch, and there are no plans for any new items due to the above tax issues. O 50 George Krstic @GeorgeKrstic · 1h -@JodySchaeffer12 @chrisprynoski and I would LOVE to bring #MegasXLR back, and we tried for a number of years, but we just couldn't untangle the legal mess. -We can't buy the rights back as it would cost millions. t7 10 O 50 George Krstic @GeorgeKrstic · 1h -We can't launch a @kickstarter campaign, as again, we don't own the rights and we'd have to raise tens of millions just to get the rights back and then have to try and fund/pitch the show. -We have no idea if @hbomax can/will stream #MegasXLR. O 2 17 7 O 45 George Krstic @GeorgeKrstic · 1h -While I could be getting the specifics wrong, as I'm no lawyer, the bottomline is that unless CN/WB/AT&T or whoever owns the rights now wants to bring #MegasXLR back, it will probably lay dormant, much like Megas did, until some brave/foolhardy soul can resurrect it. t7 10 O 50 George Krstic @GeorgeKrstic · 1h Finally, I'd like to add how stunned and humbled we all are that our 16 year old show about nerds, gamers and anime/mech fans (basically us) found such an overwhelmingly positive global response - thank you all for digging giant robots as much as we do! #MegasXLR O 12 17 20 O 146

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PrivateerMan

Sep 16, 2020 at 04:57PM EDT

Megas XLR is to Animated Shows what No One Lives Forever was to video games: Liked by its audience, but died because of a tangled legal mess and jackass publishers sitting on the IP.

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fastbreak333

Sep 16, 2020 at 09:53PM EDT

A media conglomerate is sitting on an intellectual property so nobody can make money from it and they can write it off for tax purposes?

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