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Friday, June 14, 2019

The comics meltdown continues

IDW, the #4 publisher in the industry, is in trouble:
IDW Media Holdings has reported its second-quarter financials for 2019, and it doesn’t look like good news. Overall, the company had a net loss of $3.7 million, with $1.6 million of those losses coming from IDW Publishing, the branch of the company that publishes comic books.
A loss of $1.6 million on publishing revenues of 3.7 million (not a mistake, IDW's publishing revenues were $3.74 million, nearly identical to the amount of its total net loss) is pretty impressive. Even worse, that's a decline of nearly 30 percent of sales from Q1.

But this is an industry-wide issue. Total unit sales were down another 6 percent year-on-year in May, while dollar sales were down 11 percent.

Snicker-snack....

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42 Comments:

Blogger James Dixon June 14, 2019 11:08 AM  

Speaking of comics, any word on new Alt*Hero or Alt*Hero:Q comics anytime soon? I'm suffering withdrawal symptoms here.

Blogger The Other Donald June 14, 2019 11:20 AM  

IDW stands for "It Doesn't Work".

Blogger Madame Ringading June 14, 2019 11:34 AM  

I knew they were in trouble when they put out a Go-Bots series. Freaking Go-Bots. WHY?!?!

Blogger binks webelf June 14, 2019 11:40 AM  

Speaking of goofy publishing-- how's SciFi & the post-Puppies Hugo scam going? Still declining readership? Still handing out awards to each other?

Blogger Silent Draco June 14, 2019 11:52 AM  

Ugly. They killed their market. A loss of 1.6m on revenue of 3.7m leads to a total loss of 5.3m, unless my basic math skills died. IDW appears to be losing ground faster than they can retreat.

Time for a new entry with better math and better customer relations.

Blogger Snidely Whiplash June 14, 2019 12:05 PM  

binks webelf wrote:Speaking of goofy publishing-- how's SciFi & the post-Puppies Hugo scam going?
They've officially declared the barely-literate, sub-normal and ponderously unreadable N. K. Jemison The Greatest Science Fiction Writer Of All Time (tm). It is now apparently illegal to award a Hugo award to any person with the slightest whiff of testosterone.

So pretty much mission accomplished, target destroyed. It is not possible for any serious person to contend that the Hugo awards are anything more than a proof that a particular work is a piece of crap.

Blogger Damelon Brinn June 14, 2019 12:08 PM  

Freaking Go-Bots.

You could probably make a lot of money by targeting nostalgia for the toys and characters of better times. The problem is none of these companies have anyone who would play it straight and just make it fun and genuine.

Blogger Eli June 14, 2019 12:11 PM  

Looking forward to the day when Arkhaven is in the top 5 of comic publishers.

Blogger Balam June 14, 2019 12:14 PM  

I wonder how much of this is Diamond Comics Distributors dying as opposed to just IDW. For the quick summary Diamond is the monopoly comics distributor for DC/Marvel/IDW/etc and they suck pretty hard. They oversaw comics no longer being sold in grocery stores for example. Arkhaven and Cyberfrog were so interesting to me because everyone claimed that the first comics company to get out from Diamond's grip would eat the entire market alive and now I get to see if it was right.

Blogger Barbarossa June 14, 2019 12:32 PM  

Interesting. On their balance sheet, they saw a whopping 40% increase in inventory. Concurrently on the income statement, they have the above-stated loss of revenue AND a decrease in direct cost of revenue (in all likelihood printing and shipping of magazines). This suggests merchants were refusing delivery (hence increase of inventory) and IDW has already cut back production, conceding this is a permanent feature and not a temporary setback. Get woke, go broke.

Blogger swiftfoxmark2 June 14, 2019 12:41 PM  

The sad thing? IDW has a ton of licenses for many popular commercial properties like Ghostbusters, Transformers, Star Trek, etc.

And they can't get those comics selling?

Blogger JRH, esq. June 14, 2019 12:48 PM  

It's the licenses that are eating them up, high cost to get to publish these books at all, and then if they don't make books the market wants, they are screwed.

When other comics companies moved away from licensed comics due to the thin margins left after paying the licensor to publish in the first place, IDW went big on them. Looks like a bad bet.

Blogger Madame Ringading June 14, 2019 12:50 PM  

@7

Acknowledged. It would have been a much more appealing product if the creative team hadn't tried to "adultify" it and hadn't futzed around with the partnerships that had been made between particular GB and human characters in the 80's cartoon series. Want to capitalize on nostalgia? Fine. Just don't mess too much with it.

But that's apparently too much to ask of people who can't even keep G.I. Joe on an even keel. Talk about screwing up a beer party in a brewery.

Blogger Amy June 14, 2019 12:53 PM  

My Little Pony is introducing a same sex couple. Yay for diversity and inclusion.

Kill your television

Blogger thechortling June 14, 2019 12:55 PM  

in other news, the Dunham Horror, tries to put on adult pants... but ends up dressed in a clown suit for her interview. Maybe a graphic novel of her sisterly exploits is in order (so she can be tried for her crimes).

International finance "drama" series ... what a ridiculous proposition ... and maybe that's exactly the point... instead of a-whoring her sister, she's now awhoring the general public . Comical and laughable if the public wasn't so JimJonesian gullible for anything that shows up on their TV.

Blogger binks webelf June 14, 2019 1:11 PM  

Amy said-- "My Little Pony is introducing a same sex couple. Yay for diversity and inclusion."

And the 4-8 age kid's cartoon show 'Arthur' recently featured a same-sex marriage. Gay Ratburn. Clown world touches the kids.

I wonder how the mainscream fake news outlets reacted?

https://www.google.com/search?client=opera&q=arthur+show+same+sex+marraige

The cucks?

https://www.nationalreview.com/2019/05/arthur-gay-marriage-pushes-limits-social-realism-childrens-television/
Gay Marriage in Arthur Pushes the Limits of Social Realism in Children’s TV

Blogger Xiety June 14, 2019 1:17 PM  

Balam: EVS announced last fall that he would be using Diamond for Cyberfrog/All Caps.
https://boundingintocomics.com/2018/09/17/ethan-van-sciver-announces-all-caps-comics/

Blogger SemiSpook37 June 14, 2019 1:21 PM  

@14

Well, since they announced they're ending production, no way to go out but to try and burn it all down.

Blogger BastionHarm June 14, 2019 1:36 PM  

Amy wrote:My Little Pony is introducing a same sex couple. Yay for diversity and inclusion.

Hopefully future episodes will touch upon them sexually abusing their children, having one of them contract HIV (since the "gay community" accounts for 55% of HIV cases despite only being <2% of the population), and the other contracting syphilis (since only 20% of the "gay community" is STD-free).

Clown world, right??? We're supposed to "celebrate" this degeneracy, but don't dare mention all the sickness, disease and death it brings. And we're quickly reaching the point where pointing out the sickness, disease, and death that the "gay lifestyle" brings will be criminalized.

Blogger JAG June 14, 2019 1:58 PM  

Snidely Whiplash wrote:binks webelf wrote:Speaking of goofy publishing-- how's SciFi & the post-Puppies Hugo scam going?

They've officially declared the barely-literate, sub-normal and ponderously unreadable N. K. Jemison The Greatest Science Fiction Writer Of All Time (tm). It is now apparently illegal to award a Hugo award to any person with the slightest whiff of testosterone.

So pretty much mission accomplished, target destroyed. It is not possible for any serious person to contend that the Hugo awards are anything more than a proof that a particular work is a piece of crap.


The wokeness is at a point where all Jemison needs to do is turn in any give McDonald's receipt with her signature scrawled on it to win the Hugo.

Blogger OneWingedShark June 14, 2019 2:03 PM  

swiftfoxmark2 wrote:The sad thing? IDW has a ton of licenses for many popular commercial properties like Ghostbusters, Transformers, Star Trek, etc.
And they can't get those comics selling?

Yep, it is sad… and I think it is explained by Damelon Brinn:Freaking Go-Bots.
You could probably make a lot of money by targeting nostalgia for the toys and characters of better times. The problem is none of these companies have anyone who would play it straight and just make it fun and genuine.

Yep; the SJW mindset can't stand anything fun, or true… which is why both the left can't meme and SJWs can't tell good stories.

Blogger Cluebat June 14, 2019 3:27 PM  

Because paper is murder.
Arborcide.

Blogger Mark Stoval June 14, 2019 4:28 PM  

Over and over again we see a post by VD on some converged outfit destroying their business by trying to sell SJW evil and degeneracy. When if ever will the "woke" outfits wake up and smell the coffee?

Blogger Balam June 14, 2019 4:37 PM  

Xiety wrote:Balam: EVS announced last fall that he would be using Diamond for Cyberfrog/All Caps.

https://boundingintocomics.com/2018/09/17/ethan-van-sciver-announces-all-caps-comics/


Wow then he's a cuck who just chose his bull. What's even the point of breaking away from DC/Marvel if leaving Diamond isn't included? Rhetorical question, the answer is he's either afraid of alienating old allies, afraid of striking out on his own or is controlled opposition.

Blogger TMLutas June 14, 2019 5:15 PM  

When companies go into a death spiral is usually the time when it's a good idea to look at acquiring their assets. Vox, what would you bid for in terms of IDW owned IP?

Blogger MrNiceguy June 14, 2019 5:33 PM  

Well, a Jemison McDonald's receipt would probably be long enough to qualify as a novel.

Blogger VD June 14, 2019 5:37 PM  

Vox, what would you bid for in terms of IDW owned IP?

Nothing. All their properties are licenses.

Blogger Crew June 14, 2019 6:03 PM  

Wait. So they have actually made a loss three quarters in a row?

I suspect they are not going to survive.

Blogger Ingot9455 June 14, 2019 7:15 PM  

As had been said, when you're going out of business you go harder left on the way down. That way you ingratiate yourself with the left's sugar daddies who'll bankrupt I mean bankroll your next venture.

Blogger Pseudotsuga June 14, 2019 7:15 PM  

So...the product they are selling.. it's post-modern intersectional material referencing (or loosely based on) juvenile literature over the past 70 years or so, appealing either to nostalgia for the original material, or appealing to virtue signaling?
And it is not being purchased by a large enough customer base to be viable?
Get woke, go broke.

Blogger Pseudotsuga June 14, 2019 7:19 PM  

JAG wrote:
The wokeness is at a point where all Jemison needs to do is turn in any give McDonald's receipt with her signature scrawled on it to win the Hugo.


heh! And it is likely to be more interesting reading...not to mention more carbon friendly (fewer dead trees).

Blogger James Dixon June 14, 2019 7:23 PM  

> When if ever will the "woke" outfits wake up and smell the coffee?

Never. It would take a complete change of management. For the current folks ideology trumps profits every time.

Blogger Johnny June 14, 2019 9:14 PM  

They are bleeding money like crazy, and it sounds like the comic book part has been substantially damaged, but maybe they can pull it out. They are under new management.

>>IDW Media Holdings, Inc. (IDWM), an integrated media company with divisions IDW Entertainment (IDWE), IDW Publishing (IDWP), and CTM Media Group (CTM), announced today [Feb 28] that its CEO during the last seven months, Kerry McCluggage, has stepped down. Current Board Chairman and controlling stockholder, Howard Jonas, will assume the position of CEO.

>>Jonas is best known as an entrepreneurial business leader, having founded IDT Corporation in 1990

Joanas better be decisive, forceful, and ready to fire some or a lot of people, or the company will be gone. Sounds like maybe he came out of at least a semi retirement.

Amazing the way these SJW's destroy the stuff they touch.

Blogger FUBARwest June 14, 2019 9:30 PM  

Will Arkhaven be publishing how the sales are going? Since it isn't public and the financial structure is different I'm sure it isnt necessary but it's always fun to rub it in.

Blogger Ingot9455 June 15, 2019 1:54 AM  

I'll add that IDW has the My Little Pony comics - and the current series has dropped off heavily. While MLP had it's hot time, its movie, and even its Hugo award nomination, the last season or two have been desperate reaches for new characters and conflicts.
Supposedly there'll be an ending and a reboot soon.
So probably IDW's kid's rackfull of MLP comics have fallen off a cliff.

Blogger Nat Aki June 15, 2019 3:09 AM  

Has anyone tried the the "gender is a social construct" in reverse? Rather, "GAY" is a social construct? The leftists like to say that normal people deny them their agency simply by enforcing normalcy. But aren't they (the left) denying us our agency by saying that our gender's are social constructs? This is in reference to the gay marriage pointed out in My Little Pony and Arthur mentioned above. Just some thoughts.

Blogger Gregory the Tall June 15, 2019 4:22 AM  

@5 The total expenses seem to have been 5,3 million, so the revenue was not enough to pay the bills.

Blogger VD June 15, 2019 5:00 AM  

Will Arkhaven be publishing how the sales are going?

No.

Blogger Silent Draco June 15, 2019 5:30 AM  

@33 Johnny, good call with the information. Jonas founded IDT in 1990 and was listed as Chairman of the Board in their 2018 annual report, and it's still doing decently, even with a bad hit in the last couple years.

My guess is that he bought into IDW partly out of nostalgia for some of their licenses properties, as a hobby sideline; age is probably 55-65. After those losses, served the former CEO a triple shot of Tango Foxtrot, the Whiskey used only on such occasions. Good luck with turn-around or at least stopping the bleed-out. Any SJW whining may result in time on the final ride home to look up the terms "controlling stockholder" and "inability to collaborate on beneficial long-term strategy".

Blogger lubertdas June 15, 2019 8:40 AM  

IDW's plan to get out of this situation?

Target the 1/10 of 1 percent of the market for Woke, SJW's who are already NOT buying the comics from all the other publishers!

Blogger lubertdas June 15, 2019 8:51 AM  

I've got a completely serious suggestions/recommendations on how to turn Marvel Comic's publishing division into a profit making enterprise:

1) Immediately halt production and printing of new comic books
2) Fire all existing "Creative Types", i.e. writers, editors, artists, inkers, colorists, letterers, etc.
3) Start printing reprints of ALL the classic Marvel comics from November 1961 starting with Fantastic Four #1
4) Print these comics on the cheapest newsprint possible, to keep the price DOWN
5) Sell these comics EVERYWHERE for 99 cents each
6) Sell as much advertising for the inside of the comic as possible. If the comic is 23 pages, sell as many as 23 pages of advertising as well.
7) Pay the original creators, or their descendants, a small percentage of the sales---the remainder is PROFIT!

Blogger Andy in San Diego and Elsewhere June 15, 2019 1:09 PM  

I gave up on IDW over a year ago (maybe longer?) when one of their editors, as an IDW person (I forget the handle, something like IDWMIKE or some shite) started to advocate violence against Trump supporters. I called IDW out on it on twitter and email, no response. So fark IDW. Too bad, they had a lot of good Judge Dredd material.

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