Image Comics Eric Stephenson’s open letter urges other publishers to act to help retailers now

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image-comics-logo.jpgWhile Diamond has made several statements today regarding giving shops relief, the comics industry’s reaction to the potentially disastrous COVID-19 outbreak has been slow in coming. While smaller publishers have spoken up, Marvel and DC have yet to release statements.

Image Comics was among the first to react, announcing returnability and delayed shipping of products. And now publish Eric Stephenson has released a statement urging publishers to sep up their efforts to help distressed comics shops.

While smaller, creator owned publishers like Image can be nimble, larger corporations may take longer, a fact Stephenson acknowledges. However, with already marginally financed stores shutting down sales…this could be the retail apocalypse we’ve been fearing for years.

Here’s Stephenson’s statement.

An Open Letter to Comic Book Publishers from Eric Stephenson, Chief Creative Officer & Publisher at Image Comics

Dear Colleagues,

When you’re younger, you don’t think about being old enough to tell “I remember when…” stories, but for most of us that day inevitably arrives.

Today, I’m remembering when there were no comic book stores.

Finding comics back then could be a real challenge.

Finding them today, though, without the efforts of the Direct Market to evangelize on behalf of our industry to readers everywhere would be next to impossible.

Finding them tomorrow could be impossible, full-stop, if our entire industry doesn’t come together now on behalf of comic book stores everywhere.

We are all living through a moment of momentous change as we struggle to deal with the effects of COVID-19.  We can’t simply pretend it’s business as usual. Few of us have escaped the damage the rapid spread of this virus has had on our businesses, our relationships, our everyday lives.  We’re all frightened by the long-term implications of such a major health crisis, but more than that, we’re all grappling with the fear that always comes when the immediate future is not only bleak, but uncertain.

What frustrates me the most right now is that I know how horrifying that uncertainty must be for our retail partners.  When customers were electing to stay out of shops as a public safety measure, that was bad enough, but now that all non-essential businesses are being ordered to close, the fallout from such closures will certainly cause an economic ripple effect with unknown outcome.

We’ve already outlined some of what we’re doing at Image:

  • We’re now making all new product on FOC for the next 60 days returnable (thru 5/18 FOC), and we are prepared to extend that as necessity dictates.
  • We’re cancelling non-essential releases like second printings and reprints.
  • We’re offering suggestions to Diamond for ways to mitigate the impact of this crisis on retailers threatened by mandatory store closures.
  • And as of yesterday, we are looking at ways to reschedule and stagger the release of our comics, trade paperbacks, and graphic novels so that we’re not pumping product into the marketplace at a time when retailers and consumers alike are dealing with financial struggle for an indeterminate amount of time.

We do this because we love comics, we love this industry, and we recognize our place in the ecosystem we all rely on to survive.

What we do, however, is not enough.

Image may be the third largest comics publisher in the United States, but percentage-wise, that’s a long way from number two.  Despite reacting to the crisis facing our retail partners quickly and with the best of intentions, we are one publisher, and while many stores do rely on our books for their businesses, we are but a piece of the overall sales pie.

es-statement-PW31820.pngFor true relief, and if the Direct Market is going to make it through this ordeal, we all need to join together to minimize the effects of shop closures on the stores we need for this marketplace to survive.  Some publishers have already discussed the possibility of making their product returnable, but that’s still not enough: We need everyone.

With all due respect to our publishing peers, we urge you to enact similar measures that will help our retail partners get through these harrowing times.  Everybody at every level of our industry needs to do everything we can to support one another. Let’s put our heads together and find ways to protect the people who make what we do possible.

I understand that not every publisher is in the position Image is in when it comes to making these decisions.  Image is not owned by a large corporation or beholden to stockholders. Regardless, this is a time where we all have to do our part.  I know that for some of you, that means jumping through a lot of hoops – but if there was ever a time to do it, that time is now.

Sincerely,

-e.s.
Eric Stephenson
Publisher
Image Comics, Inc.

 

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