As Holding Company Losses Grow
Posted by Milton Griepp on July 16, 2018 @ 1:54 am CT
Publishing revenues were down over a million dollars, the company said in its filing, which it attributed to "timing of significant major brand titles," and as it has for a number of quarters, to "industry cyclical downward pressures driven by market leaders." Digital was down $111,000 due to timing, while game sales were up $440,000 and "other" revenue was up $201,000.
Overall IDW Media Holdings, Inc., which operates IDW, IDW Entertainment, and brochure and digital marketing company CTM Media Group, had sales of $8.7 million for the quarter, down about 2%, and posted a $2.2 million loss, which was about 23% worse than the year ago period.
IDW Entertainment showed a $622,000 loss, $40,000 more than the year ago period, but the big move was in CTM, which had a $967,000 loss, up from the $642,000 loss in the year ago period. Expenses were up on flat sales, a bad combination.
There were some improvements from the company’s fiscal Q1, ended January 31 (see "Publishing Declines Continued in IDW’s Q1"), with slowing declines in publishing revenues.
From Dynamite Entertainment
August 17, 2018
Here's a preview of Charlaine Harris’ Cemetery Girl Book 3: Haunted HC, published by Dynamite Entertainment.