How the Comics Industry Avoided a 2020 Implosion

  • 📰 THR
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

While publishers and stores feared COVID-19 would be an extinction-level threat, the industry has proved more resilient than thought.

.) In a statement to press earlier this month, Tim Lenaghan, chief purchasing officer of Diamond’s parent company Geppi Family Enterprises, said that the company has, in the last financial quarter of the year, “seen a lot of stabilization in ordering patterns and, in many cases, these baseline numbers have exceeded our expectations."

“March 2020 saw Diamond ship 5.9 million comics; September and October were both over 7 million copies each," writes analyst John Jackson Miller in an email to."Those are both behind the equivalent months in 2019; October 2019, with the X-Men relaunch, was the fourth best month of the decade of the 2010s. But, the sales levels are improved, and as the number of releases continues to build back, you can see it fully catching up.

“A hundred new issues a week means people into the store every week; those people then buy other things," says Miller, who likens these comics to subscription services, such as Disney+ or Netflix, which produce dependable monthly income for companies.Detective Comics, have been doing for nearly fifty years. Periodical comics are the streaming service with staples," Miller says.

"It gives everyone an equal footing," says David Maisel, co-owner of Aspen and who is also known as founding chairman of Marvel Studios."It gives a company like Aspen or individual artists a huge amount of direct distribution possibilities."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’m stunned you could write this article, including crowdfunding and Kickstarter, without mentioning Cyberfrog or EthanVanSciver . I assume you did it purposely, and didn’t just miss the biggest success out there.

I was so worried my local comic shop would close forever that I shifted all purchases to them. No more Amazon and Book Depository.

nothings gonna stop a comic book nerd getting his cartoon porn

jsstansel

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSİNESS

Business Business Latest News, Business Business Headlines