Even the casual observer knows that things in the comic industry are changing radically. Just this week there were two important articles concerning reorganization and realignment in the industry. The Wall Street Journal carried this article (subscription required) about Marvel reorganizing to make more movies:
Marvel Enterprises Inc. completed a $525 million, seven-year debt facility to finance 10 films based on its comic-book characters, and will change its name to Marvel Entertainment Inc., reflecting the company's expanding Hollywood presence.
Publishers Weekly carried this piece about new hires at DC:
Continuing its efforts to reorient its sales and marketing efforts towards the book trade, DC Comics has appointed two experienced book industry professionals to senior marketing positions. John Cunningham, former v-p and associate publisher at St. Martin's Press, has been named v-p of marketing; and Nellie Kurtzman, former associate director of marketing at S&S children's and its Spotlight Entertainment imprint, has been named director of marketing, reporting to Cunningham.
It is interesting that both the major comics houses are making moves in seemingly opposite directions, but centered on a central theme. It is also interesting that DC, owned by entertainment giant Time-Warner, is making moves in print, and Marvel is doing alternate-media deals. But the central theme is what is most fascinating, two themes actually. The first is the more-mainstream acceptance of the material, and the other is the move away from the traditional serial story form, into the story arcs of the mini-series (gathered and bound into book form), the graphic novel, and the movie script.
This has all been driven by the collectors' glut that began in the late '80s, and took off like a rocket with the publication of Frank Miller's miniseries Batman: The Dark Knight Returns. Prior to that event, comics were a niche market, but Miller tapped the pop vein. More important, the phenomenal sales of those four books drove collector's prices through the roof, which drew in speculators instead of fans.
The industry responded by increasing mini-series publishing, wherein the perceived high-value #1's could be churned out with great regularity. As the market expanded to those not steeped in the traditions and legends of the form, "continuity" became less of a concern. Characters could be reinvented, reimagined, and repackaged over and over, in an endless stream of mini-series.
This also meant the audience for this material grew up. The key market was no longer the 12-year-old male, but the 30-year-old with considerably more disposable income. But alas, publishers really did glut the market in response to the collector's market, and as is inevitable in such a glut, prices and quality dwindled. Soon the speculators moved on and the bottom dropped out.