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Saturday, August 11, 2018

IDW falling

Bounding Into Comics reports that IDW's President just resigned:
Ozer is the latest in a number of executives at IDW to exit from the company. In July, IDW Media Holdings CEO and co-founder Ted Adams took a leave of absence with McCluggage replacing him. Adams had previously been the IDW Publisher, but made the transition to CEO last November.

IDW Publishing’s Editor-in-Chief and former Chief Creative Officer Chris Ryall also stepped down from the company in March of this year. He had been with the company for 14 years.

According to The Outhousers, there have been a number of staff leaving the company including “in positions such as graphic design, accounting, editing, and public relations.”

This departure also comes after IDW saw a significant decline in revenue in fiscal year 2017. According to Publishers Weekly, “Revenue at IDW Publishing fell 12.1% in the fiscal year ended October 31, 2017, compared to fiscal 2016.”

Total sales for the publishing arm were down to $24.5 million, down from $27.9 million. IDW blamed “a cyclically slow period in the comic book specialty market” and their transition to Penguin Random House for distribution for the decline.

However, IDW Entertainment did see a slight increase in revenue for fiscal 2017. It rose from $16 million to $16.2 million.

Total revenue at IDW fell 7.5% to $60.4 million. The company also suffered a net loss of $797,000 compared to $3.7 million in earnings in fiscal 2016.

With the amount of top executives leaving IDW in the past year, could the company be in big trouble?
It certainly looks that way. I'm not at all surprised since I already noticed IDW, the #4 comics publisher, was on a downward trajectory when I was running the numbers on the industry last December. While the publishing-related declines at Marvel and DC have been even steeper, they are protected from the consequences by being part of massive corporate conglomerates. Being a public company, IDW is useful because it gives insight into the industry not available at Disney-owned Marvel and Warner Bros.-owned DC. Notice that despite IDW primarily producing comics based on IP owned by other companies, more than half its revenue is nevertheless derived from the non-publishing division. In other words, from licensing and developing IP rather than selling comics.

That's why IDW is in more difficult strategic position than Marvel or Disney. Content is now king and they don't own the comics-related IP they are publishing. Of course, it doesn't help that they don't have a corporate giant to run them at a loss indefinitely, but that's beside the point.

In June, IDW's top-selling comics were: Sonic, Star Wars, Teenage Mutant Ninja Turtles, Teenage Mutant Ninja Turtles, Teenage Mutant Ninja Turtles, My Little Pony, Ducktales (Disney), Transformers, Ghostbusters, Back to the Future, Tangled (Disney), and 30 Days of Night #6. Only the latter MIGHT be IDW-controlled IP, and it has sold fewer copies than Alt-Hero #1.

Hence all the interest in Arkhaven.... Except for TMNT and GI Joe, IDW doesn't even publish any properties that we would want to publish, so imagine how little interest there must be at Image and Dark Horse, let alone Marvel and DC.

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47 Comments:

Blogger Ingot9455 August 11, 2018 11:15 AM  

They have the GI Joe license and they are not printing money.

They are failures QED.

Blogger Al August 11, 2018 11:24 AM  

C'mon, a lot of those properties would be great if done right.

Blogger Cataline Sergius August 11, 2018 11:27 AM  

So SJW GI Joe didn't blow the doors off?

Who could have guessed?

Blogger Snidely Whiplash August 11, 2018 11:35 AM  

GI Joe could be a huge money maker, if they'd just uncuck it and go for mass distribution. If GI Joe were and American soldier instead of a Globalist blue helmet, plenty of kids would be interested.


I haven't seen any TMNT comics in 10 years, which actually tells me exactly what's wrong with their business model.

Blogger Alfred Genesson August 11, 2018 11:38 AM  

30 Days of Night I believe is IDW controlled, if not owned. It may be creator owned. But this is also a bad reboot of the horror series that made them one of the larger publishers.

Blogger Snidely Whiplash August 11, 2018 11:39 AM  

from the linked article:
"Ozer helped deliver three seasons of Wynonna Earp"

He was going to save the company with... a really bad SyFy channel Buffy rip-off.

Blogger Doktor Jeep August 11, 2018 11:42 AM  

I recall a very cringeworthy SJW GI Joe cover

Blogger Randomatos August 11, 2018 11:55 AM  

IDW failing to sell MLP to girls and G.I. Joe to boys?

Blogger stevo August 11, 2018 12:00 PM  

I thought you meant the Intellectual Dark Web...

Blogger Snidely Whiplash August 11, 2018 12:05 PM  

Randomatos wrote:IDW failing to sell MLP to girls and G.I. Joe to boys?
They're trying to sell MLP to young men, and GI Joe to girls. Wonder why it's not working. Converge harder!


Have the gotten around to converging TMNT yet?

Blogger dvdivx August 11, 2018 12:06 PM  

While it might be tempting to get IP from someone else its always a rug that can be pulled out from under your feet by SJWs.

Blogger Ominous Cowherd August 11, 2018 12:07 PM  

You aren't interested in Ducktails? Fifty years ago that was my favorite comic. I'm sure it's brazenly converged today, but when I was under 10, Unca Donald, Scrooge and the nephews had great adventures. Gyro Gearloose was fun, too.

It's a moot point; it's Disney, and they aren't ever going to let it go. If we want Ducktails unconverged, we'll have to unconverge Disney, and that will take unconverging society and government.

Blogger Electric Dinosaur August 11, 2018 12:13 PM  

Who wouldn't want to publish Ducktales?

Blogger VD August 11, 2018 12:16 PM  

You aren't interested in Ducktails?

Disney owns it.

Blogger The Observer August 11, 2018 12:21 PM  

It's a moot point; it's Disney, and they aren't ever going to let it go. If we want Ducktails unconverged, we'll have to unconverge Disney, and that will take unconverging society and government.

It's time to make something better. Send it off.

New IPs, all the juicy new IPs with no strings attached, all in Arkhaven!

Blogger Eli August 11, 2018 12:25 PM  

Wishful thinking for sure, but it would be great if Arkhaven could land the GI Joe franchise. To see what it has become under IDW is sad. Of course one of the big two would probably try to nab it to further it's destruction.

Blogger Ransom Smith August 11, 2018 12:28 PM  

GI Joe could be a huge money maker, if they'd just uncuck it and go for mass distribution
Hasbro more than likely has final say in anything GI Joe related, and toy companies have been converged for a long time.
Always chasing that mythical "one more customer".

Blogger GK Chesterton August 11, 2018 12:34 PM  

Yeah DuckTales was good stuff. Boys-Own-Adventure stories. The whole nephews line was Disney (the persons) attempt to have a cartoon boys adventure story complete with moralizations (see the smoking short).

Blogger Skyler the Weird August 11, 2018 12:42 PM  

Hasbro has been converged forever. Look what they've done to D&D at Wizards of the Coast. They also own all the Avalon Hill bookcase titles and never do anything with them.

Blogger Cataline Sergius August 11, 2018 12:48 PM  

Star Wars, Ducktales, Tangled.

Disney likes to keeps it eggs in one basket.

Do they not trust Marvel with any of these titles?

I mean, I wouldn't but then I didn't think that letting Kathleen Kennedy sink the Star Wars franchise was a good idea either.

Blogger VD August 11, 2018 12:54 PM  

Do they not trust Marvel with any of these titles?

I believe the contracts predate Disney's acquisition of Marvel.

Blogger S1AL August 11, 2018 1:00 PM  

"They're trying to sell MLP to young men, and GI Joe to girls. Wonder why it's not working. Converge harder!"

Clearly what the world needs is a mash-up alternative: GI Brony.

Sad thing is, I bet someone could outsell any mainstream comic with that, if done right.

Blogger Man of the Atom August 11, 2018 1:16 PM  

S1AL wrote:
Clearly what the world needs is a mash-up alternative: GI Brony.

Sad thing is, I bet someone could outsell any mainstream comic with that, if done right.


Start writing!

Blogger David The Good August 11, 2018 1:22 PM  

All they need to do is hang out in some Southern churches, VFWs, family reunions and barbecues and talk about people's friends and family in the military, what guns they enjoy, hit the range regularly, then write GI Joe on that. It would be a massive success if they just tapped the patriotic zeitgeist.

Blogger Brick Hardslab August 11, 2018 1:27 PM  

Have the writers start every story arch with a, "no shit" story and end it with the guy narrating to his buddies at a BBQ or playing Xbox

Blogger David The Good August 11, 2018 1:30 PM  

Sure. The first thing they need to do is to stop hating and fearing their audience.

Blogger Snidely Whiplash August 11, 2018 1:44 PM  

David The Good wrote:The first thing they need to do is to stop hating and fearing their audience.
But, but, I feel unsafe. Where's my safe space, Nazi racist pig?

Blogger dvdivx August 11, 2018 1:51 PM  

The only comics I've read that's a third party IP is the terminator series by darkhorse. I enjoyed it but it helps to be a fan. Only Disney a stuff I've seen lately that's good are the new mickey cartoons

https://mickey.disney.com/mickey-cartoons

Other than that most Disney stuff is unwatchable. Same with Nickelodeons current stuff.

Blogger DJ | AMDG August 11, 2018 2:00 PM  

Ted is currently self publishing. I don’t read horror books, but he’s making what seems a successful run with Diablo House.

Blogger Uncle John's Band August 11, 2018 2:33 PM  

Wonder if McCluggage will be packing his bags and heading out as well.

Blogger Cataline Sergius August 11, 2018 2:53 PM  

@21 VD

Just as well.

I really don't want to see what Magdalene Visaggio would do to Rapunzel.

Blogger Chris McCullough August 11, 2018 3:16 PM  

I was sad when they lost the Godzilla franchise. Now I'm releived.

Blogger matveidaniilovich August 11, 2018 3:25 PM  

You've just dashed all of my hopes for My Little Pony at Arkhaven, Vox. Deeply saddened.

Blogger CM August 11, 2018 3:31 PM  

I haven't seen any TMNT comics in 10 years, which actually tells me exactly what's wrong with their business model.

I only ever see this stuff at book fairs and in the scholastic catalog. I hate them and cringe everytime I see one because my 6 year old gushes over the MLP stuff. I'd rather read her a storybook. Comic books are not for being read to.

Blogger matveidaniilovich August 11, 2018 3:34 PM  

IDW fumbled with GI Joe. Hired that left-wing writer Aubrey Sitterson to introduce a bunch of Cultural Marxist nonsense.

Blogger Mega-Buster Shepard August 11, 2018 3:35 PM  

Not sure if its every shop but in my local comic shop and booksamillion IDW wasn't even on the main shelf, it was shoved off to the side. Buried beneath backissues of Marvel and DC from six months ago.

Blogger matveidaniilovich August 11, 2018 3:35 PM  

@34 My 6 & 4 yr old are always wanting me to read them comics, but it IS difficult reading those aloud. Luckily there is Captain Underpants to the rescue.

Blogger Silly but True August 11, 2018 3:38 PM  

Outside of 3 series, IDW publishes the kinds of comics that could be found in a barber shop or dentist’s office forty years ago: no one actually ever bought them and the only reason anyone read them at all was because of novelty that was the only thing available.

Blogger Nikephoros II Phokas August 11, 2018 3:53 PM  

TMNT: Drain the Swamp and GI Joe: Border Patrol in 2019?

Blogger Stg58/Animal Mother August 11, 2018 4:44 PM  

OT GUNN WAS JUST JOKING Y'ALL..

OH WAIT

https://www.instagram.com/p/BmVw2zZh1dQ/?utm_source=ig_share_sheet&igshid=dlyhdzfv6h96

Blogger Retrenched August 11, 2018 5:30 PM  

@STG Animal Mother

I saw that. I can't wait to hear little Bennie make excuses for him this time.
"Cmon it's not like he made fun of Valerie Jarrett or anything, get a grip you guys"

Blogger Unknown August 11, 2018 9:14 PM  

It would be amazing if you could take over GI Joe!

Blogger OneWingedShark August 11, 2018 11:27 PM  

S1AL wrote:"They're trying to sell MLP to young men, and GI Joe to girls. Wonder why it's not working. Converge harder!"

Clearly what the world needs is a mash-up alternative: GI Brony.

Sad thing is, I bet someone could outsell any mainstream comic with that, if done right.

"The Power of Friendship will prevail!! (Or we'll shoot you.)"
Seems like 'Speak softly and carry a big stick' in story form.

Blogger pdwalker August 12, 2018 12:22 AM  

@42, that’d be a terrible idea, primarily because they don’t own the ip.

Now, if they started with something new, like the US space force marines, for example...

Blogger Jack Amok August 12, 2018 3:27 AM  

Now, if they started with something new, like the US space force marines, for example...

Put me down in the "yes" column for that one.

Blogger CoolHand August 12, 2018 4:55 AM  

pdwalker wrote:@42, that’d be a terrible idea, primarily because they don’t own the ip.

Now, if they started with something new, like the US space force marines, for example...


That's what I was going to say, GI Joe is dead, but what's stopping you from doing an Everyday Joe book or something about the US Space Force like you said?

You don't need Joe and Cobra to tell a good story, you can sub in any military unit name you care for and sub in The Cabal in place of Cobra, and Bob's your mom's sister's live-in boyfriend.

I'm a terrible writer, but I'd by a Space Force VS The Cabal book any day.

Blogger Anthony August 12, 2018 5:26 PM  

Does SJW GI Joe blow the Doors? Come on, baby, light my fire!

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