So, they stepped up and sent us all 6 boxes and made everything right in accordance with their bankruptcy, right? This time, we canceled through PayPal and disputed the charge.īy the time we canceled our 2 subscriptions, we were owed 4 DX and 2 Anime crates. Yep, they still charged us for both the anime and DX accounts. We canceled our subscriptions but were charged yet again for March. That’s when I did a bit more digging and saw that $50 million debt. When February came and went and we still hadn’t received a single box, we started figuring something was up.
Ok, we’ll get TWO boxes in January to check out. Thanks to a small note on sign up, we were aware that the December Loot Crates would be delayed a week due to the holiday, but we were looking forward to evaluating the “new” company and loot shortly thereafter.Ĭhristmas came and went… no notification from the company. No Christmas, or ANY, Loot from Loot Crate
Loot crate anime full#
No matter what, you’d think that when we signed up at the end of November, a full 3 months after their supposed restructuring, that things would be rocking and rolling along. Hell, numerous companies have undergone bankruptcy and came out the other side better and even bigger than before. So, Loot Crate announces they’ve filed bankruptcy in August and say they have plans to catch up the delinquent orders, while staying on top of current and new subscriptions. Since at least May of last year there have been reports of lower quality merchandise and subscribers going for months on end without receiving the crates they were still being billed monthly for. Apparently, they meant their new normal of continuing to build a ton of unfilled, paid customer orders.īefore the announcement of the bankruptcy, there were signs that the company was in trouble. Now get this part, it was reported that in order to fulfill those “final” shipment promises, they were being sold to Loot Crate Acquisition LLC and would use funding from one of their investors, the lending company Money Chest LLC to get square on the backorders.įurthermore, the CEO and co-founder, Chris Davis, was quoted in the official press release as saying that as the bankruptcy process played out, current subscribers wouldn’t see any changes in their Loot Crate monthly shipments and daily operations would go on as normal. Oh… and $20 million in unfilled, paid customer orders that had not yet been shipped. Had I done so, I would have seen that they’d filed for bankruptcy with a reported $30 million in debt as of August of last year. Well, I didn’t plan on our loss being quite this much.Īdmittedly, I should have taken 30 seconds and did a Google search about the company first. I figured with us paying for the membership as opposed to receiving it for free, we could provide a more objective review and really let you all know whether it’s worth it or not.Īn “our loss is your gain” sort of thing. I would receive the DX and the Anime would go to Meredith for us to complete unboxing videos and articles. While waiting to hear back from Loot Crate, I convinced the owner to go ahead and sign up for two memberships – Loot Crate DX and an Anime Crate. When I took over as Managing Editor for Geek Insider, I started reaching out to renew and strengthen past relationships with sponsors. To this very day I get emails from Loot Crate but from everything I’ve personally seen over the past 6 months, the only Loot involves looting our wallets. Throw in the fact that you can get exclusive Funko, Marvel or DC swag, and it’s no wonder we’ve seen these types of companies stay fairly popular. Generally speaking, the value of the merchandise normally exceeds your membership fees and these opportunities can be a cool way to get some unique collectibles. From ones offering specific character or show collectibles, to the mystery hodgepodge or theme driven boxes from services like Loot Crate. There have been quite a few “crate” companies over the years.
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