Business News

What is Platinum up to now that COWBOYS & ALIENS finally came out? Well, according to this call with shareholders, lots of COWBOYS & ALIENS merchandising and licensing...meaning it has now taken the place of MEN IN BLACK in the SCott Rosenberg bio. But new stuff is coming! And in a cost-cutting measure they have hired a company to rep them -- but instead of paying cash they pay stock. Elsewhere, it's a LOT of cost-cutting -- not a bad idea given the huge losses they have been reporting.

A terse SEC filing on Friday has led to headlines all over comics: Gareb Shamus has resigned as CEO, President and Director of Wizard World, Inc., the convention-running entity of the Wizard empire. Seeing as how Shamus is the owner and founder of the company it came as a shock. But what does it really mean? Has Shamus really been ousted from his own company -- or is it just a filing to reflect some internal resource shuffling?

As of last Thursday, Gareb Shamus is no longer president/CEO of Wizard World, Inc. Being publicly traded, notice of this change had to be filed with the SEC. This includes the company's report:

For West Coasters and late risers! Very incomplete, so add yours in the comments.

Like other retailers, a lot of comics shops are having big Black Friday deals today. Check out the comments at this thread for some listings. After you've pulled an all-nighter at Wal-Mart, why not stop by your local comics shop to pick up some handsome giftees, always following the essential holiday shopping principle: two for you, one for me. Our inbox has a few more deals and announcements.

Mark Millar has staked a place out for himself as both a franchise comics creators, able to sell books on his name alone, and someone who isn't afraid to hold a renegade opinion -- and he is prepared to defend his answer with his own logic, which may or may not conform to what is generally considered common sense. Thus this long piece in which he says day and date digital is not a good thing for comics, suggesting that a theatrical to dvd type model make more sense -- print being the theatrical release, digital being the DVD. Digital readers "aren't as hardcore as the first group, but they're a great place to recoup any money lost in the initial phase. Digital comics are like TV rights to me in that they're the tertiary phase of all this. These are for the most casual, mainstream readers or viewers and much cheaper than the primary or secondary waves. They're a great way of pulling people in for the next product coming out in theatres or in comic stores, but absolutely not the bedrock of your business."

Thanks to some SEC filings, you can see how much a good-sized regional convention is worth -- in the case of Wizard World's 2010 acquisition of the Mid-Ohio Con, the amount was $77,500. $60,000 was to be paid in royalties on booth sales and sponsorships only over a period of several years, with a five-year consulting fee of $3,500 to be paid out after $60k in royalties was reached. The Wizard World page doesn't have booth costs for Mid-Ohio, but several people complained that they were raised this year, so everyone was getting their share of the till. Wizard World has just announced its first 2012 show, January 28-29 in New Orleans, and the current lineup for next year is a modest 4 scheduled shows -- with the Big Apple con and Austin still TBD.

We all know DC signed a deal to give Amazon digital exclusivity to 100 graphic novels (and it kind of blew up in their face). You were probably thinking that you could read one of those DC digital graphic novels, like Watchmen, on any device that runs a Kindle app. (Bleeding Cool has a tweet of Warner Bros. saying just that.) It turns out, this is not the case. As DC's Hank Kanalz says, "You can't do that today but that’s the intention going forward. Like other other Amazon digital editions, readers will be able to read their graphic novels on any device."

Looks like that risky relaunch really paid off, as DC had 51% of the comics unit share in October, according to just released Diamond figures. That was a whopping 21 points over Marvel. DC led 42% to 30% in dollars. Justice League #2 topped the comics chart, joined by Green Lantern, Batman, Detective Action, Superman and the Flash in the top 10. Marvel's top seller was Incredible Hulk #1.

The series of fictional tales of Goldmine Studios by former Platinum VP Dan Forcey that we wrote about a few days ago have proven very popular. How popular? They've even inspired some FanFic! Here's one by JD Coughlin, winner of Goldmine’s inaugural “Comic Book Survivor” contest. The scene: Magician's World Los Angeles. The occasion: a very odd dinner.

Diamond has signed with Rovio, maker of the game sensation Angry Birds, to distribute their growing line of books -- presumably by launching them from a slingshot through the windows of comics shops, bookstores and mass market retailers around the world. A worldwide sensation, the Angry Birds game has been downloaded over 400 million times. Angry Birds costumes were the top pick for this Halloween, and their merch is showing up everywhere. The book line thus far includes doodle books, and a cookbook for -- what else? -- eggs. There's been a lot of talk over when Angry Birds would enter the comics market -- one of the creators of the game is a former webcartoonist -- so far they have a webcomic based on the recent Harvest Moon game online.

One of the great mysteries of comics which we enjoy exploring here at Stately Beat Manor is Platinum Studios. This long running "publisher" has been the recipient of glowing profiles over the years, its business model hailed as "genius", despite the fact Platinum never actually published anything for nearly a decade of its existence. Getting the he Cowboys and Aliens movie -- based on a Platinum property -- produced was the holy grail for owner Scott Mitchell Rosenberg, (above, far left) and now that it's finally come out, to middling box office, he'll probably spend the next decade spinning out its success, just as he did with MEN IN BLACK in the 90s. Before Platinum, you seem Rosenberg was the head of Malibu Comics and before that Sunrise Distributors, both businesses which had "interesting" histories. HOwrver, getting a producer credit on the MEN IN BLACK film after finding an obscure comic to sell to Hollywood, made Rosenberg a "MAde" man in Hollywood terms. In addition, there has been much outcry over the years over creators who signed away all the rights to their work to Platinum, only to see it all go into a dark hole of development. Yet, over the last few years, despite many pactings, partnerings and acquisitions, Platinum's finances have not been not so great -- you can see them in their public filings as a penny stock -- until COWBOYS & ALIENS got made. At any rate, Platinum seems to have mastered the "comics to movies" model while hardly producing any comics, such an efficient, waste-free model that we're surprised more people haven't adopted it. With the actual existence of the C&A movie, the publishing arm of Platinum seems to have come to a close as well. In June of this year, VP of Development Dan Forcey left the company, prompting one ex-Platinum creator to tweet that the company was dead.