Business News

Bandai Entertainment reorganizes, ceases publishing manga, DVDs, and Blu-rays

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Well, that didn't take long. 2012 has claimed its first publishing casualty as Bandai Entertainment has announced they will be canceling their manga and home entertainment publishing to focus on licensing their brands as they undergo a restructuring. Their Facebook and Twitter accounts will also be shut down.

The Freelance Life: What Cee Lo can teach cartoonists

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Since everyone is always comparing the comics business to the music business in terms of retail erosion, howabout looking at a music success story? The New York Times has a profile of musician Cee Lo Green explaining how, despite the economic decimation in the music industry, he's been able to make some $20 million this year by rigorously branding himself and expanding his activities to including numerous TV hosting gigs, merchandising and Vegas. Along the way some interesting iTunes numbers are dropped. Although "F&^% You," Cee Lo's anthemic yet catchy song of moving on was downloaded some 5.3 million times in the US, that doesn't mean he made $5 million from it.

SCOOP: New chairman talks about the new Wizard World

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Wizard World without Gareb Shamus. The entire idea would have seemed ridiculous until just a few days ago when an SEC filing revealed that Shamus, the owner and founder of the company, had been removed as CEO. It was startling news which left everyone wondering what would become of the Wizard brand — once mighty in both media coverage and entertainment shows. Answers are beginning to emerge. In an interview with The Beat, Wizard’s executive chairman Mike Mathews revealed that a new era has already begun at Wizard World, which will include outreach to the entire industry in a move to repair damaged relationships with both other industry players and fans. In one of the most notorious examples of the bad blood which the old Wizard had given rise to, subscribers to the print magazine had not been given any make-up subscriptions for issues paid for but never mailed. However, according to Mathews, a letter is being sent out to old subscribers offering them a $100 credit towards Wizard shows.

Valiant to relaunch in May with some old favorites

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The Valiant comics relaunch has been brewing for a while, with some hires and much consultation, but they've just let the cat out of the bag -- their new line is expected to launch next May, with a Free Comic Book Day preview leading the way. The preview will feature X-O MANOWAR, BLOODSHOT, HARBINGER, and probably some other Valiant favorites. The creatives teams haven't been announced but the preview over is by Jelena Kevic-Djurdjevic. Valiant has also hired Hunter Gorinson as Marketing & Communications Manager and Atom Freeman as Senior Sales Representative in addition to Warren Simon as Executive Editor, so they're putting together a pretty good team.

Platinum pays contractors in stock instead of cash

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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.

Shamus's last days at the Wizard World bunker

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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?

Gareb Shamus Out At Wizard — The Actual SEC Filing

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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:

Cyber Monday specials everywhere

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

Black Friday is everywhere: Comics edition

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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: Digital comics should not be day and date

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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."

How much does it cost to buy a convention? $77,500

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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.

DC's Kindle Problem

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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."

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