Daniel Best digs up the bankruptcy court proceedings for Todd McFarlane Inc. and notes that the $2.2 million settlement includes $1.1 million set aside for the “Gaiman Settlement (Class 4).” As Best notes, this is not necessarily the amount of money that Neil Gaiman received, since lawyers fees were to come out of the money.
You’ll recall that in this gigantic, epoch-spanning battle, the settlement amount was based on monies owed Gaiman for creating the characters Angela and Medieval Spawn…and for the profits from derivative characters, including Dark Ages Spawn, Domina, and Tiffany. The details of the actual settlement were private, but this one blanket number on a separate legal matter could indicate any number of things.
However, Best suggests that the one thing it does mean is that…it’s over.
In summary, the Reorganized Debtor has substantially consummated the Plan, and has met all conditions to closing this chapter 11 case. Accordingly, the Reorganized Debtor respectfully submits that a final decree should be entered in this chapter 11 case.” The court has accepted that and, on the 24th of April, duly closed the Chapter 11 case once and for all.
Heidi MacDonald is the founder and editor in chief of The Beat. In the past, she worked for Disney, DC Comics, Fox and Publishers Weekly. She can be heard regularly on the More To Come Podcast. She likes coffee, cats and noble struggle.