Business News

[Chris Sotomayor is a successful and well known colorist for Marvel and other publishers. Recently he began a series of interviews he called "The Dirty Dozen" where he asks industry figures questions about their careers from a business standpoint. The themes are among those that we've recently been exploring here at The Beat as the career paths for cartoonists become more tangled -- here is more opportunity than ever, but the way to get there is not always clear. Although the interviews appear first at his site, Chris has graciously allowed The Beat to reprint them. Up this time, writer/artist Jimmy Palmiotti.]

In spite of all the gloom and doom you get from looking at sales charts, in reality the comics business is holding its own, mostly due to the perseverance and savvy of retailers such as those polled by Ada Price in this long piece for PW. The bottom line: Although times are tough, by being cautious, stores are staying healthy:

Back in August, 2010, we told you all about the story behind OBLIVION, a graphic novel concept by director Joe Kosinski (TRON: LEGACY) that was optioned to Disney Studios for a cool $500,000. It seemed like a lot of money for yet another "celebrity comic" so what was so hot about it? At the time we wrote:

Now this is kind of interesting. Avatar, publisher of some of the greatest writers in comics, like Alan Moore, Warren Ellis, Garth Ennis and so on, is switching distributors from Diamond to...BOOM!? Wait, BOOM! is a distributor? Not really, but they have their own distributor deal with Simon & Schuster for the US and HarperCollins for Canada. Avatar will be tagging along on BOOM!'s truck route for a unique partnership. We had the chance to chat informally with several Avatar personnel about this move at C2E2 -- and it's definitely a good one for them. Moore and (to a lesser extent) Ellis are perennial bookstore bestsellers, so being able to hop on that bandwagon should definitely help their trade program. Although not noted by anyone, really, Avatar significantly slowed their trade collection release schedule over the last few months; this deal enables them to get it going again.

Via PR, the official launch of the Wizard World "digi-zine" and also news that they have officially changed their stock ticker symbol to WIZD -- when Wizard went public, it did so by buying out the failed energy company Go Energy, which had the ticker symbol GOEE. Luckily, you can now find all your Wizard SEC filings right here. In recent news, nothing too exciting, aside from switching accountants:

Is there anything new under the spinner rack? Only yesterday, Chris Irving quoted the late, great Dwayne McDuffie on the difficulty of launching anything new in comics:

“I look at the new Blue Beetle, which was really well done and really entertaining, even though it didn’t sell at all. The new things in the universe are pretty much impossible, and new things out of the universe are pretty unlikely, because people won’t try new things. I hope I’m wrong and there’s some wonderful new thing. Maybe we’ll get lucky and Static will break, but I don’t think people will try it, or that people at comics stores will even care. That book should have come out in 2002 when it was the #2 cartoon on television, and not 2010 when it was in reruns on Disney XD.”

United Media, the syndicate behind such beloved comic strips as Pearls Before Swine and Get Fuzzy (above) and scores of other great strips of the past, is outsourcing its comics syndication business to Universal Uclick, according to a press release. In syndication terms, this is as if DC suddenly outsourced its publishing to Marvel. New York-based United and the similarly named but Kansas City-based Universal uClick -- which is owned by publisher Andrews McMeel, were long two of the three biggest comics syndicates -- King Features is the third -- and oversaw the immensely lucrative and popular icons of the comics pages for decades.

Japanese publishing giant Kodansha and Dai Nippon Printing have joined up to purchase Vertical, Inc., the American publishing company that specializes in Engilsh-language versions of Japanese literature, including manga by Tezuka, Kou Yaginuma, and Felipe Smith, among others. The companies each purchased about 46 percent of the company, which has about $930,000 in capitalization.

With 200 Borders stores going into immediate liquidation following the chain's bankruptcy, I took a Presidents' Day stroll to our local to survey the sadness first hand.

As part of its bankruptcy proceedings filed this morning, Borders has announced that it will close some 200 stores nationwide -- you can see if yours will be hit in this interactive map. Chicago has been particularly stripped, with half their 430 stores set to close. According to documents, Borders has $1.29 billion in debt and $1.27 billion in assets; it hopes to boost the bottom line by closing these 200 stores which were losing $2 million a week for the company

As expected, Borders has filed for Chapter 11 bankruptcy. Jim Milliot and Judith Rosen report:

The new DC Entertainment has added another high-powered ex-Disney West Coaster to its roster as Courtney Simmons has filled the position of SVP of Publicity. The current New York-based publicity team of David Hyde, Pamela Mullins, and Austin Trunick will report to Simmons, who has worked for Disney, Sony and Lego -- we'd say that covers it all.