After a year of disastrous ownership, the destroyed remains of once-great photo publications have been returned to their original owner.
The Madavor and BeBop saga has seemingly ended, thanks to a new settlement between Madavor’s prior owner, Zilpin Group LLC, and the BeBop Channel Corporation. The settlement returns all BeBop-owned properties to Zilpin Group, LLC and cancels outstanding liabilities.What was initially touted as a fresh start for Madavor’s properties, BeBop’s takeover quickly went off the rails, resulting in the closure ofwas one of the leading authorities on all things photography.
BeBop alleged financial malpractice, bigotry, and racism and that Madavor Media/Zilpin had obfuscated vital financial information during the initial purchase agreement. BeBop’s lawsuit also served as a counterclaim to a lawsuit filed by Zilpin, which claimed that BeBop had not made the agreed-upon payments against its liabilities.that it had settled a Breach of Contract dispute with Zilpin Group, LLC. The statement is presented below as BeBop Channel has published it.
As of February 29, 2024, The BeBop Channel Corporation and ZilpinGroup, LLC settled a Breach of Contract dispute related to BeBop’s February 2023 acquisitionof Madavor Media, LLC which became a wholly-owned subsidiary of BeBop.
The BeBop Channel Corp. hereby retracts all statements made as to the conduct of Jeffrey Wolk and Zilpin Group leading up to and continuing through and after BeBop’s purchase of Madavor Media, LLC. BeBop acknowledges that Mr. Wolk and Zilpin behaved honorably and met all their commitments to BeBop and to all Madavor’s other stakeholders, and that Mr. remains a valued shareholder of BeBop. The unfortunate allegations made about Mr.
After roughly a year of shambolic stewardship, although arguably only a month or two of which involved real direction, it’s unclear whatgained, if anything. Zilpin Group, LLC and Jeffrey Wolk received a pittance of an original purchase price, although Wolk still appears to own shares of BeBop, whatever those are actually worth.
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