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TILTING @ WINDMILLS #40: IT'S THE END OF THE WORLD AS WE KNOW IT
by Brian Hibbs

The Mayan calendar ends in 2012. Whether that’s because the world ends, and they foresaw that, or something else entirely, I can not say, but I do know that we’re seeing one of the signs of the Apocalypse: this week both All-Star Batman and Robin, the Boy Wonder #5, and Ultimates 2 #13 shipped.

For those of you who follow neither title, or perhaps, for those of you in the future, reading this column and unaware of the history, let me break it down for you.

Ultimates, the “Ultimate Universe” version of The Avengers by Mark Millar and Bryan Hitch, started in 2002. Over the intervening five years, they’ve managed to release all of 26 issues – thirteen each of “seasons” 1 and 2. Twenty-six issues in sixty-four months. Not exactly speedy release. When each “season” launched, it started as nearly monthly, before slowing down to quarterly-or-so for the final issues. Issue #12 of Ultimates 2, the previous issue, shipped in September of 2006 – making it eight months between that issue and the newest one.

All-Star Batman, and Robin the Boy Wonder started in July of 2005. The first three issue shipped more-or-less bi-monthly, while #4 shipped in May of 2006 – making it a full year since they’ve bothered to ship an issue.

Funny, then, that both of these show up the exact same week.

Not “Funny ha-ha”, but “Funny sad”.

Here’s the thing: late comics, especially late on the epic scale of these two, really hurt sales. Look at All-Star Batman & Robin – we ordered (and sold) more than 180 copies of the first issue. The number of copies we’re receiving of #5 this week is down to about a third of that – and I’m still concerned I’m way too high!

Those are still numbers that would make it a Top 20 title for Comix Experience, but far far from the unstoppable number-one-with-a-bullet range it launched at.

Here’s the thing: while Big Super-Huge Sales on books are always nice, generally speaking consistency is more important for the comic book store. Or, to put it another way: I made more money in 2006 from the sold-very-poorly Firestorm, with 12 issues released, than I did from the It’s-in-the-Top-Twenty All-Star Batman because only one single issue was released in all of 2006.

Read that one more time: I made more money in 2006 from Firestorm than a Batman comic by Jim Lee and Frank Miller.

Do you see why I get frustrated by these kinds of release schedules?

It isn’t just the direct amount of money that’s lost – there’s also the loss of much of the impact from promotion and marketing when titles spiral into these kinds of situations. There was a genuine buzz of excitement for All-Star Batman at the start. Even the controversy of Miller’s depiction of Batman wasn’t stalling its sales success. But as the delays have gone on, that excitement has largely dissipated because serial fiction depends on reliable release to maintain such.

As insane as it sounds, these kinds of delays reflect poorly on the retailer, as well. Most consumers, believe it or not, don’t keep up on comics news, and aren’t as well informed as your average Newsarama reader (Dwell on that concept a minute, too, will ya?), and begin to think that the retailer is lying. “What do you mean it isn’t out? It’s supposed to be out on [date x]!” is something we’ve all heard many many times.

There’s another problem, and that’s of momentum for the line. In All-Star’s case, the whole thing has become a bit of a joke – Batman shipping annually; Superman shipping something like quarterly; Wonder Woman announced something close to a year ago with no apparently imminent publication; Batgirl more or less the same. The loss of consumer confidence in the very “All-Star brand” is really enormous, and has moved the brand, in my mind from “unstoppable juggernaut” to “possibly intriguing experiment”

The Ultimate line, I feel, is in nearly as bad of a place, though at least the “core” books (Spider-Man, Fantastic Four, X-Men) are coming out like clockwork. But the level of “high level” excitement has vanished from the line like a balloon leaking out air. Besides the mess of Ultimates 2, there’s the crazily late Ultimate Wolverine vs Hulk (it appears that hasn’t shipped an issue in 15 months now), there’s Ultimate Vision, which is drifting out later and later; and even Ultimate Power seems to have now become a bi-monthly mini-series as well.

See, when you tie your line to “big events”, and those events don’t ship, that bleeds off enthusiasm for the whole line, as a line. That doesn’t mean that individual books won’t do well, as long as they’re good, but when the “It!” light gets turned off, and it is less a function of content than production, then you’ve got a problem, because “market heat” drives sales to a very significant degree.

Ultimately (heh), for me, Marvel could have put a “B-List” team on “Ultimate Avengers”, and had it ship monthly, and, even with half of the sales, I would have made more than twice as much money.

Understand: I pay my rent, the electricity, the phone and the garbage bill, and all of my other expenses mostly from the regular turn of reliably released comics. You can have the A-est of the A-Team creators on a title (Frank Miller! Jim Lee! Doing Batman!), and it really doesn’t mean a thing if that comic isn’t produced dependably. I can’t pay my bills on annual releases; at absolute best that money becomes a windfall. But when you get to the “uber late” titles, even that’s not dependable. Those last two issues of Spider-Man/Black Cat: Evil That Men Do? Break-even, after you look at the unsold copies brought on by lateness. I won’t know until next week what a year off is going to do for All-Star Batman, or how eight months between issues of Ultimates 2 will affect sales, but always remember that you can’t judge a book’s health from it’s sell-in (the Diamond charts), but rather, it’s sell-through (how many copies your friendly Local Comics Shop has left over).

Also this month, going from the latest of the late books, we have a finale and a beginning for the most on-time of the on-time titles – The year-long weekly of 52 has just ended, followed by the first pair of issues of the next year-long weekly, Countdown.

I’m not quite ready to share the results of 52 with you (we only have 2 weeks of sales data on 52 week 52, after all, and I’ve been tracking this for 13 weeks of on-sale data) – I want to do a chart! – but let me say that it was a pretty amazing year there. Sales remained remarkably steady over the course of the year, with none of the attrition or burnout I would have expected at the beginning of the project. Sales were enormously high, as well, placing virtually every issue released consistently in the Top 10 at Comix Experience each and every month.

It’s one thing to have such low attrition (though it’s pretty amazing on a weekly title), it’s another thing all-together to have that same low attrition on such high sales. I made a seriously big pile of money on 52, and I did it with a book that helped pay my bills week after week, like clockwork, which is pretty much exactly what any sane retailer is going to want.

Countdown #1 (er, #51) has been on sale for all of seven days as I write this, and while that makes it far far too early to make any kind of sweeping claims as to its success or failure, I am deeply concerned about its “opening frame”

Let’s back up a little bit. 52 launched out of Infinite Crisis, and launched very well in comparison. IC was a monster hit, reaching way beyond the “traditional” DC reader base, and 52 #1’s first-week sales were 91% of IC #7’s first-week sales. Those numbers down-shifted fairly fast as people decided if a weekly event was right for them, and by 52 week 12, I had a good handle on what the proper range of orders was – by this point, we were down to about 70% of Infinite Crisis, a number that would make anyone leap with joy.

The second big adjustment in buying patterns happened pretty early into the 20s, where 52 shifted from a book that sold copies nearly every week for 13(+) weeks, to one where virtually all the copies you were going to sell happened in the first four weeks. By the time we got to the early 30s, you started seeing the first cases of 52 not selling a meaningful number of copies past its first on-sale week, where you can see it becoming a closed loop, where no new readers were jumping into the story as it progressed. That’s not very surprising, actually, given the nature of the story.

In the end, 52 ended up, in the 40s, selling about 80% of what 52 week 12 did – a really exceptional performance.

Countdown, on the other hand, has only launched (for us) at about 75% of 52’s typical first-week sale in its second half.

There are two schools of thought here: The Half-Full School suggests that Countdown will follow the same pattern as 52 did – there will be a lot of sampling through the first twelve issues, with sales extending back out through an entire 13 weeks of on-sale into the 20s. Therefore, it is reasonable to assume that we’ll sell, say, a third again of the number of copies of Countdown #1 as we did in the first week. This school is, perhaps, bolstered by Countdown being the “spine” of the DCU, and the presumption that as Countdown begins to touch the rest of the DCU, people may be jumping on even later in the game, as they get intrigued by what is in happening in “their” comics.

The Half-Empty School thinks that Countdown effectively makes this series “104”, and that Countdown will have a quick shake off of all of the “on the edge about a second year” readers, and otherwise follow the pattern of 52 in its 40s where sales are completely concentrated in the first week. In other words: Countdown is not perceived by the readers as a separate and distinct series, but rather as a continuation of 52, and what sales we got now is the best we can hope for, and, in fact, we can expect another 20-30% attrition at least.

My big problem at the moment is figuring out if I should keep up with the returnability offer – much like 52, the first twelve issues of Countdown are returnable, but only if you meet their ordering benchmark of 100% of 52 week 42. The problem is there’s a 10% restocking penalty (29 cents) for the copies you return, so there’s a mathematical point where it is cheaper to eat unsold copies then it is to eat the fee.

And, of course, once you start hitting those low numbers, the risk/reward ratio starts going out of whack – ordering 100 copies and having 10 left over is No Big Thing. Ordering 50 copies and having 10 left over means maybe you’re just breaking even. Ordering 30 copies and having 10 left over? You’re losing money on that book, yessir.

Its one thing to have a weekly that’s a genuine hit – your overall numbers are so high that absorbing a reasonable number of unsold copies is no real financial hurt. But it’s a whole ‘nother kettle of fish when your “margin for error” begins to scale way down because your base number is too low. Further, is Countdown going to be like 52 in keeping the majority of its audience for the “full ride”? Or will attrition be deeper and faster?

So yeah, I’m watching that one really closely, to see which way I should jump. I’ll keep you posted.

My final thought: one thing 52 did show us was that it is possible to consistently and regularly release a piece of serial fiction. In my mind, that makes high profile delays, like Ultimates 2, or All-Star Batman, even that less excusable.

Honestly, books need to keep their schedules. Those schedules don’t have to be monthly. But when they have a schedule, they need to keep it, otherwise the audience becomes unhappy.

**************************

Brian Hibbs has owned and operated Comix Experience in San Francisco since 1989. Feel free to e-mail him with any comments. You can purchase a collection of the first one hundred Tilting at Windmills (originally serialized in Comics Retailer magazine) from IDW Publishing. An index of Tilting at Windmills on Newsarama can be found right here.

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