IDT Buys Into IDW: IDRKWIM

IDT Internet Mobile Group announced that it has purchased a controlling interest in mid-major comics publisher IDW. I don't really know what it means. If you read the press release, then it seems to indicate that IDT has an interest in IDW as a supplier of content for a previous mobile phone content provider purchase. If you read this analysis by Ray Cornwall, you find that he's sort of confused why that particular company is interested in that particular publisher, given that it sold its previous comics division and its core business seems unrelated. My guess is that it's a small enough purchase for IDT that it doesn't really have to boast a particularly noble or complicated or ambitious cause.

Perhaps a more interesting question is why IDW would want to be bought. My hunch is that the San Diego-based publisher has gotten to that point where a lot of what it wants to do next requires a certain level of investment that's near-impossible for a comics company of that type being able to count on from its comics revenue. They could have an interesting next few years.
 
posted 10:18 pm PST | Permalink
 

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