Sunday, January 26, 2020

I'm Quite Concerned for IDW

Back in April of 2019, I wrote about how, "I'm a tad concerned for IDW." This post came about as the company was maybe having success in publishing comics, but overall losing money due to investments in television shows that were popular, but not exactly turning much (or any) of a profit. I observed something others had too, that the company seemed to be spreading itself a bit thin. Now we are in 2020 and IDW disclosed to investors (it is publically traded so it can't keep numbers to itself like many other publishers) how it lost 26.4 million dollars in 2019, will liquidate more cash in 2020, and hopes to be profitable by 2021 as its television properties that are sucking-up so much money hopefully start making funds.

Now, plenty of mega-companies lose money for a good deal of time before making money and they keep going thanks to investors with deep pockets and big dreams. The question is if IDW can manage to keep moving along to that point investors are pleased with actually getting venture capital back or cut their losses and IDW suddenly is insolvent/bankrupt? I'm no longer a tad concerned for IDW, I am quite concerned.

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