The parent company of the publisher of ‘Teenage Mutant Ninja Turtles,’ ‘Star Trek’ and more will also delist its stock from the New York Stock Exchange.
IDW Media Holdings, the parent company of IDW Publishing, announced “significant moves in response to operational challenges,” including the elimination of 39 percent of its workforce.
Their 8-K statement to the Securities and Exchange Commission states that 28 employees were laid off yesterday. “The Board has elected to take these actions to preserve capital and put the Company in a better position possible to unlock value from its assets, including its intellectual property and ability to generate new intellectual property,” it states.
According to a report at The Beat, “the entire marketing and PR staff and half of editorial have been let go, including publisher Nachie Marsham,” who joined the company in 2020 after longtime IDW employees Chris Ryall, Dirk Wood and Alex Cox all left the company. IDW built a solid bench of editorial pros after those changes, and it’s really disheartening to hear that they’re having to go through this.
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IDW joins Marvel in moving away from Diamond, who will still offer IDW comics as a wholesaler.
IDW Publishing and Penguin Random House Publisher Services have announced that Penguin will exclusively distribute IDW’s comics and graphic novels to the direct market, beginning June 1 of next year.
The news follows Marvel’s similar announcement from earlier this year. IDW joins both Marvel and DC in moving away from Diamond Comics Distributors as their single path into comic shops.
“IDW succeeds when the Direct Market succeeds,” said IDW Publisher Nachie Marsham. “No matter how amazing our comics and graphic novels may be, it’s the retailers that are connecting readers with our stories. Because of that, I couldn’t be more excited about our future with Penguin Random House and I have the utmost confidence that every store, no matter the size, will see the benefits of the high levels of care and service that PRHPS brings.”
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IDW and Toho International reach a new agreement to bring Godzilla and other monsters to comics, graphic novels, games and more.
IDW and Toho International, Inc., the parent company that owns Godzilla, have announced “a multi-year publishing program that will bring Godzilla and dozens of monsters from the Godzilla live action films to a wide selection of publications and merchandise.”
IDW has previously held the license for Godzilla comics, publishing projects like Godzilla: King of the Monsters in 2011 and James Stokoe’s Godzilla: Half Century War in 2013. The new deal includes comic books, graphic novels, trade collections, art books, coloring books, journals, tabletop games and puzzles.
Continue reading “More Godzilla coming from IDW next year”
Company also promotes Veronica Brooks to vice president of creative affairs.
IDW Publishing has named Nachie Marsham as their new publisher. Marsham brings about 25 years of experience in the publishing industry to his new job, following roles at Disney Publishing, where he also worked on their Marvel Press imprint, and before that at DC Comics and Wizard Entertainment.
“Working collaboratively to create powerful stories has always been my passion,” said Masham. “IDW is home to some of the most beloved IP in the business and I couldn’t be more excited to join them in furthering these stories and expanding their creative direction across all platforms.”
In addition, IDW announced that Veronica Brooks has been promoted into the role of vice president of creative affairs.
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