Dreamwave Productions was a Canadian art design studio and comic book publisher founded in 1996.
[citation needed] The first mini-series, 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.
[citation needed] On January 4, 2005, Dreamwave announced that it 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.
[2] According to the terms of the contract the company had with Federal Express, its freelancers were left liable for the cost of shipping their unpublished, unpaid for work to Canada.
[3] 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.