Dreamwave Productions
Dreamwave Productions was a Canadian art design studio and comic book publisher founded in 1996. Best known for its comic book adaptations of Transformers, the company shut down on January 4, 2005. History. Brothers Pat Lee and Roger Lee founded Dreamwave Productions in Toronto, Canada in 1996 as an imprint under Image Comics, publishing their first mini-series "Darkminds". Pat maintained artistic control while Roger managed the business operations. Dreamwave split off from Image Comics in April 2002. Dreamwave acquired the license for the "Transformers" toyline from Hasbro in December 2001. , written by Chris Sarracini & drawn by Pat  Lee and based on the "Transformers: Generation 1" characters, was the top-selling book on the sales charts for its entire run. Various "Transformers" ongoing and limited series followed, covering various continuities within the "Transformers" franchise. Writers James McDonough and Adam Patyk left the company in November 2004 over pay disputes. On January 4, 2005, Dreamwave announced that they had gone out of business and closed down, citing "the shrinking comic book market combined with a weak U.S. dollar" as the reason for their closure. In late April 2005, freelancers who were still owed money by Dreamwave discovered they were  also liable for debts incurred by Dreamwave. According to the terms of the contract the company had with Federal Express, the freelancers were left liable for the cost of shipping their unpublished, unpaid for work to Canada. Guido Guidi and Don Figueroa were two such freelancers affected. After the company's bankruptcy in January 2005, Dreamwave's assets were auctioned off on August 2, 2005 and purchased by Canadian entrepreneur Christian Dery, who planned to relaunch its original properties. However, the new Dreamwave have not published nor announced the publishing of any titles since the 2005 announcement. IDW Publishing acquired  the "Transformers" license in May 2005 and began publishing new "Transformers" comics in 2006.