[Michlib-l] CreativeBug Acquisition: Golden Peak Media
Jim Flury
jflury at tln.org
Thu Jun 12 08:08:34 EDT 2025
All,
Many MI libraries subscribe to CreativeBug. Thus I thought it might useful to share the news of the bankrupt company's acquisition by another firm earlier this week.
As you know, CreativeBug parent company JoAnn recently filed for bankruptcy protection for the second, final time. Rival Michaels bought some JoAnn assets. Its physical stores were closed. JoAnn subsidiary CreativeBug was auctioned to the highest bidder, Golden Peak Media, which itself was founded as the result of a bankruptcy auction purchase of longtime publisher F+W Media a number of years ago.
[ https://craftindustryalliance.org/fw-media-files-for-bankruptcy/ | https://craftindustryalliance.org/fw-media-files-for-bankruptcy/ ]
The below does not link to the official press release concerning this transaction. That press release did not utilize a secure version of http (https) and as a result, it would be flagged as insecure by most web browsers.
[ https://www.businesswire.com/news/home/20250610642030/en/Golden-Peak-Media-Acquires-Creativebug-Aligning-Two-Top-Tier-Arts-and-Crafts-Education-Companies | https://www.businesswire.com/news/home/20250610642030/en/Golden-Peak-Media-Acquires-Creativebug-Aligning-Two-Top-Tier-Arts-and-Crafts-Education-Companies ]
The library contact for CreativeBug is and remains Meghan Haddad-Null. Feel free to reach out to Meghan directly with your specific questions or concerns [ mailto:meghan.haddad-null at creativebug.com | meghan.haddad-null at creativebug.com ]
Jim
Jim Flury
Technical Services Manager
The Library Network
41365 Vincenti Court
Novi, MI 48375
248-536-3100, ext 133
Note New Fax Number: 248-716-5584
Note New Email Address:jflury at tln.org
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