And The First Domino to Fall Is:

The rumor of the day is that IDW is done.

The easiest way to explain IDW’s position in the market to a Gen Xer is to say that it is the American Motor Company of the comic book industry. It turns out decent material but has a long history of struggling.

Like most other comics companies, the company’s value isn’t so much in the comics they publish but rather in the licensing of merch that their brands make famous. They don’t have a corporate owner with limitless wealth (or just seemingly limitless wealth in the case of Marvel) but they always managed to produce something that caught fire every now and then. It would let them put out merchandise and they would use the sale to acquire licenses to better-known franchises.

Their biggest success was their own 30 Days of Night. Given the relative costs involved it blew the doors off and put them on the map.

Their titles have been G.I. Joe, AE Games: Dragon Age, The Legend of Drizzit by R. A. Salvatore, Judge Dreadd and The Crow. As well as such fair as My Little Pony Friendship is Magic and some of Disney’s kid’s titles that they apparently didn’t trust Marvel with.

This gives you an idea of the level the company has typically operated at. Not the top-shelf titles but they were nowhere near the bottom of the leaderboard either.

However, Marvel’s horrifically corrosive effect on the entire comic book industry dragged IDW down as well. In the last couple of years they’ve been known to be in financial difficulties. Their own venture into SJWism with their “reimagining of G.I. Joe” with a team of Joes that had hyper-obese women soldiers and smelly hippies who fight “racist-racism” gave IDW a very unneeded black eye.

They put the last of their money on the table and rolled high with three series on Netflix based on their comics.

Bad idea.

Netflix’s marketing plan is not remotely the same as traditional broadcasting, where you try to build up your audience and maintain it for as many seasons as possible, preferably for long after it’s sell-by date. Netflix on the other hand runs entirely on a “what have you done for me lately?” Model. If your show isn’t generating new subscriptions (or bringing back old ones) you don’t have a show.

The three titles they bet the house were V-Wars, October Faction and Locke and Key.

As of yesterday two of them are canceled. Locke and Key appears to have been picked up for a second season but honestly I can’t tell you why. I’ve tried all three series this year, and while all of them had intriguing premises, they all had loathsome characters. None of them had the charm of college kids on The Order.

So this blow combined with the Corvid-19 crisis is likely going to be the end for IDW. The artists who work there are now are rumored to be awaiting the “pencils down” order.

I’m not celebrating this. IDW was nowhere near as bad as Marvel and DC and they had a passion for their work. And if this is the end for them, they will be missed.

But where there are broken eggs, there may be omelets. The passion of comic book guys is still there but the business model was hopelessly obsolete. Yes, a lot of people are taking a financial beating over this but new business models are going to emerge on the other side.

I honestly don’t think that this is the death of comics at all.

5 thoughts on “And The First Domino to Fall Is:

  1. Well,

    I am surprised in that rumor has IDW as the first to fall. I would have thought that it would have been BOOM studios or Valiant Comics. I liked IDW and collected their Transformers books until a few years ago when they went woke. I basically dropped IDW books after woke GI Joe because it became obvious of the direction all of their comics were going.

    While SJW was not the cause the collapse of the comic industry has been accelerated by Corona-Chan. We shall see what happens.

    Corey

    Like

  2. The problem IDW has is that they ARE in worse financial trouble because they just big enough to be severely over-extended but not not being enough to have cash reserves to ride this thing out if they just down pencils. They were COUNTING on one of these Netflix shows to be the new Thirty Days of Night.

    Like

  3. I don’t know how someone has not figured out: We can make bank without any SJW activism except for the stuff that arises naturally from some of the stories and the Leftist slant of the wider culture.. Like the obligatory nod to racism if your underdog hero is black.

    But if you add that SJW shinola in it’s better than even odds to lower or even rank the return on a project.

    All you ever have to do to make the shrieking harpies go away is claim to be doing what they want, poi y out something you were going to do already, and wait for them to lose interest in you. They’ll circle back in time, but just shine them on, round 2.

    Like

  4. I dropped all IDW titles in 2010 when they had a blurb in their section of Diamond Previews that said their books were not for “tea-bagging Republicans.”

    Dark Horse will be the one I’ll be sorry to see go. I don’t know Mike Richardson’s politics, but he built a really good company that put out a lot of good books.

    Like

  5. Locke and Key is pretty good. The main thing is that the keys and the mystery of the house is interesting. And the family seems a pretty normal family and there are good wholesome family moments. The comic was written by Steven king’s son so alcoholism is prevalent.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s