Wall Street Journal. The new funding is being used to build a major content pipeline for comics launching in 2020.
The money comes from Murdoch scion James Murdoch, who’s picking up $2.2 billion from the sale of Fox assets to Disney and is starting Lupa Systems, a new investment vehicle he’s funding at up to $1 billion according to the report.
AWA raised its first $5 million from Lightspeed Venture Partners, the lead investor in the round (see "New Jemas Comic Publisher Raises $5 Million").
AWA recently revealed that its creative efforts are being led by former Marvel Editor-in-Chief Axel Alonso and laid out an initial list of titles, including work by Cho, Milligan, Faust, Moreci, and others (see "AWA Announces First Comic Titles, by Cho, Milligan, Faust, Moreci, More").
The Wall Street Journal report gave a scale and timetable for the launch, revealing that 50 freelancers are working in two-person teams to create comics for Direct Market distribution next year.
Building Major Comics Pipeline
Posted by Milton Griepp on April 17, 2019 @ 4:44 am CT
Ongoing Monthly Chronicles Strange Events in Michigan Town
June 17, 2019
Dark Horse Comics has announced the next addition to its critically-acclaimed Berger Books imprint, Everything , an ongoing dark fantasy monthly comic written by Christopher Cantwell with art by I.N.J. Culbard.
Annuals for Ghost Spider, Moon Knight, & Wolverine Due in September
June 17, 2019
Marvel has revealed the cover art for the final three Acts of Evil annuals that will be released in September. The Acts of Evil annuals feature Marvel heroes facing off against enemies they have never encountered before.