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Mego ending

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  • Dadioche
    New Member
    • Oct 8, 2007
    • 24

    Mego ending

    Perhaps this question has already been answered.
    Do you know facts which could explain why Mego collapsed in 1982 ?
    Thanks in advance.
    Same Bat-time, same Bat-channel !
    The Power of the Toy
  • ABMAC
    User
    • May 16, 2002
    • 9665

    #2
    Costs were up, profits were down, and they made some bad investment decisions.

    Comment

    • toys2cool
      Ultimate Mego Warrior
      • Nov 27, 2006
      • 28605

      #3
      they screwed up by not getting the Star Wars line
      "Time to nut up or shut up" -Tallahassee

      http://ultimatewarriorcollection.webs.com/
      My stuff on facebook Incompatible Browser | Facebook

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      • Meule
        Verbose Member
        • Nov 14, 2004
        • 28720

        #4
        Originally posted by toys2cool
        they screwed up by not getting the Star Wars line
        There's a lot more to it than that, but yeah it didn't do 'em any good either
        "...The agony of my soul found vent in one loud, long and final scream of despair..." - Edgar Allan Poe

        Comment

        • palitoy
          live. laugh. lisa needs braces
          • Jun 16, 2001
          • 59204

          #5
          When Marty Abrams was removed the company brought in a bean counter who pretty much sucked the creative energy out of the company.

          Mego didn't die because of not having Star Wars, only one company had Star Wars and lots of other toy manufacturers survived.

          Like Anthony said, Mego threw a lot of money on electronic games, which imploded in the early eighties also mortally wounding giants like Milton Bradley. The companies rapid growth during a high inflation period meant that soft sales were especially detrimental.
          Places to find PlaidStallions online: https://linktr.ee/Plaidstallions

          Buy Toy-Ventures Magazine here:
          http://www.plaidstallions.com/reboot/shop

          Comment

          • starsky
            veteran member
            • Aug 26, 2007
            • 6200

            #6
            why was marty abrams removed from the company his father founded? please fill me in. i had no idea that happened.

            darren

            Comment

            • ABMAC
              User
              • May 16, 2002
              • 9665

              #7
              Federal Jury Convicts Abrams, Other Mego Executive in Fraud Trial

              Comment

              • starsky
                veteran member
                • Aug 26, 2007
                • 6200

                #8
                i had no idea!! what was the verdict and did he end up getting any kind of penalty?

                Comment

                • ABMAC
                  User
                  • May 16, 2002
                  • 9665

                  #9
                  Marty spent some time in prison, but I've never heard how long he was in.

                  Comment

                  • palitoy
                    live. laugh. lisa needs braces
                    • Jun 16, 2001
                    • 59204

                    #10
                    It seems no matter who I speak to about this, whether they like Abrams or not, they all think he got a bad deal when it came to this thing. Some have told me that they believe he got sentenced because he wouldn't name people. I can't comment personally and I really don't like discussing this stuff for some reason.
                    Places to find PlaidStallions online: https://linktr.ee/Plaidstallions

                    Buy Toy-Ventures Magazine here:
                    http://www.plaidstallions.com/reboot/shop

                    Comment

                    • zorro
                      Resident member
                      • Nov 3, 2007
                      • 283

                      #11
                      This is news to me as well. what a shocker. Either way, I believe that he got a bum deal.
                      Website for rare and exciting figures for the 1950s to present, now featuring MANY Action Figure Protective Clamshell cases -- ZoloWorld.com

                      Find us on facebook here http://www.facebook.com/pages/ZoloWorldcom/180282916241

                      Check out REALM OF THE UNDERWORLD 5 3/4" Retro Action Figure Fantasy Series.
                      http://www.underworldfigures.com

                      Comment

                      • ABMAC
                        User
                        • May 16, 2002
                        • 9665

                        #12
                        Yeah, I feel the same way. I don't think Marty was doing anything unusual for a person in his position at that time.

                        Comment

                        • K
                          Fun Will Now Commence
                          • Jun 20, 2001
                          • 2524

                          #13
                          News to me, too!
                          I LOVE CHEESECAKE!!!sigpic


                          "...and the Geeks shall inherit the earth."

                          Comment

                          • z3zep
                            The Girl Next Door
                            • Sep 30, 2006
                            • 1725

                            #14
                            Once again -- thanks for the info guys!

                            Comment

                            • Captain
                              Fighting the good fight!
                              • Jun 17, 2001
                              • 6031

                              #15
                              Actually, the REAL reason Mego went down for a count all began at a wild toy fair party one night in the early eighties. After this now infamous night of reckless drinking and debauchary the management awoke, hungover of course, to find they had made a horrible mistake. One of them, in a highly intoxicated state, paid every single dime in the company coffers to one of the strippers at the party to create and manufacture a toy line. That toy line was.....CLOWNAROUNDS!
                              For weeks the management team sat nervously, awaiting the arrival of the "product" they had bet their futures on. When it arrived, their worst fears were confirmed.....this was the worst idea in toys since the exploding Slinky debacle of 67'. Panic ensued. Staff were jumping out of windows, changing their names to "Moon Aura" and "Arse of the Beaver" and joining strange cults....it was absolute bedlam!!!!!

                              Finally, one brave (but long forgotten) employee took the products around to the toy buyers in a last ditch effort to save the company. He or she meant well, but this proved to be the nail in the coffin.The buyers were shocked and recoiled in disgust at this hapless product. Mego's reputation was ruined. To quote one Geoffrey T. Giraffe of the toys r us organization; "Only a bunch of drunken, hippy, communist drug sniffers would try to push this crap into the hands of American children!"
                              Yes sir, Mego was done like dinner!

                              ....And now you know...the rest of the story.
                              "Crayons taste like purple!"

                              Comment

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