TSR NuTSR Declares Bankruptcy

NuTSR, owned by Justin LaNasa, has filed for Chapter 7 bankruptcy, which will liquidate the company's assets.

NuTSR's gross revenue so far for 2023 is $621.93 according to the documents filed in North Carolina. This is balanced against total liabilities of just over $384,000.

The company made the news over the last couple of years, emerging in 2020 when then-owners Justin LaNasa and Stephen Dinehart registered the defunct TSR trademarks and launched the new venture with the involvement of Ernie Gygax, one of D&D co-creator Gary Gygax's sons. Over the following months, NuTSR generated controversy after controversy, attempted to sue D&D publishers Wizards of the Coast via a crowdfunding effort, and in March 2022 eventually found itself on the receiving end of a lawsuit from them.

TSR - The Full & Glorious History of NuTSR

Because the Saga of TSR3 has been ongoing for a while, with many landmarks, I thought I'd do a quick timeline for those who haven't had the time (or, frankly, inclination) to keep up with the whole palaver. As multiple entities refer to themselves as TSR, I will use the nomenclature (1), (2)...

www.enworld.org

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As a consequence of the bankruptcy petition the current lawsuit between WotC and NuTSR is on hold, postponed until March 2024. NuTSR's website is still active.

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[Geekrampage]

$621.93 MILLION?? Or is that m a typo?

 

[Bayushi_seikuro]

I think my mind is blown that they have $621M in revenue? Is this somehow because LaNasa has his money all mixed into NuTSR's pile?

 

[Morrus]

I think my mind is blown that they have $621M in revenue?

No, $621.

 

[Bayushi_seikuro]

According to Polygon, it's $621.93 TOTAL. D&D lawsuit: The new TSR declares bankruptcy, pausing court case

 

[Whizbang Dustyboots]

What are their assets? Four out of six cans from a six-pack of Diet Coke?

 

[EthanSental]

What are their assets? Four out of six cans from a six-pack of Diet Coke?

Exactly, seems like he’s rolling everything under the sun as business related expense for 384k for a small single person business and not having produced anything of note in the last 6 years.

 

[DarkCrisis]

As much as people hate them (and rightfully deserved) I hope this doesn't hurt/close the museum. That house is special and the museum despite those involved is/was a good idea.

 

[Whizbang Dustyboots]

As much as people hate them (and rightfully deserved) I hope this doesn't hurt/close the museum. That house is special and the museum despite those involved is/was a good idea.

If they can disentangle their egos from it (which seems optimistic), they should hand it over to a non-profit or government agency. I assume Wisconsin has a historical society or parks service that could run it.

 

[RealAlHazred]

As much as people hate them (and rightfully deserved) I hope this doesn't hurt/close the museum. That house is special and the museum despite those involved is/was a good idea.

I find it hard to believe that $621.93 in assets can include any real estate at all, let alone a functional museum/shop. On the other hand, $384,000 in liabilities could absolutely include a mortgage...