Wednesday, January 21, 2009

IMPORTANT NEWS – Diamond Distributor Raises Minimum Threshold for Comics Publishers [UPDATED 22 & 27/1/09]

Diamond Distributors, which describes itself as 'the world's largest distributor of English-language comic books, graphic novels and related pop-culture merchandise" has just raised its minimum order threshold for comics publishers from $1,500 per month to $2,500 per month, which is predicted to have a devastating impact on small press.

Comic Book Resources tells us that:
The increase of the purchase-order threshold means each book needs to generate at least $2,500 of revenue to be listed in Previews [the order catalogue sent to retailers, which lists upcoming comic books and graphic novels]. 
... SLG Publishing's Dan Vado points out that figure means "a litle over $6,000 in sales at retail based on the discount we give to Diamond."
That means the average $3 comic would have to sell more than 2,100 copies – a rare feat for many small publishers. (The number of copies varies depending on the discount offered to Diamond.) 
CBR follows up with another article on iVerse and its Total Digital Distribution package, which offers hope to publishers and creators to get their product out electronically into the market place and to get paid in the process. William Schanes, Vice President of Purchasing at Diamond, speaks out on the policy change in this interview.

In the meantime, Dwight L MacPherson (creator of Edgar Allan Poo) seems to have his finger on the pulse in regard to alternative avenues of comics digital and print distribution. Check out his blog to read Part 1, Part 2 and Part 3 in a series which analyses the advantages and disadvantages of putting your product onto WOWIO or print on demand publishing through IndyPlanet.

No comments: