Not quite. Given the non-returnable nature of most comics via the direct market, whether it's 10K or 50K or 100K, those are all sold (to retailers). Publishers don't overprint by a lot which is actually why you see Marvel needing to do a lot of 2nd prints. Books are nearly instantly sold out upon release because the amount printed is close to the amount advance ordered by stores. As an aside, Marvel should probably increase their overprint for the initial Legacy issues so they wouldn't need to do costly multiple printings. Retailers still appear to be quite skittish and apart from those over ordering to qualify for the 3D variants, others seem to be ordering quite conservatively. With offset printing, higher print runs means lower cost per copy.
If you look at the drops from issues #1 to #2 to #3 to #4 that shows you the trend for sell through. I expect most retailers are quick to slash orders for books that don't sell (albeit probably not quickly enough for biweekly and weekly books since there's no time to adjust until 2-4 issues later).
Another thing, the fee paid to creators is the same whether it's selling 10K or 50K (although I think some additional royalties might kick in after a minimum amount of sales, I believe 40K for DC, dunno about Marvel). Based on page rate surveys, DC and Marvel spend on average around $500/page in creative costs (writer, penciller, inker, colorist, letterer). For a 22-page book, that's ~$11K plus another $500-1000 for the cover. Creative costs are the biggest "overhead" and the more copies are sold, then the more that cost is spread out per copy (although in terms of accounting, those are actually direct costs and not overhead).
From Kieron Gillen:
And an earlier interview:Anything selling stably over 10k in single issues is a cause for celebration and joy. The creators are almost certainly extremely happy.
If you’re selling over (ooh) 12k, you’re probably making more than either of the big two would pay you, unless you’re one of the very biggest names.
If you’re selling anything near 20k, you probably have to buy drinks for your friends.
And in a real way, if Phonogram settled around 6k back in 2006, I suspect Jamie and I would have settled into doing it for another 40 or 50 issues.
All the three sentences I bolded in a block were about making money from the single issues. They do not include any other revenue source, such as trades. If the single issues break even and you make your money in trades, that’s also fine. With a few exceptions, big two comics primarily make their money in single issues. That is one reason why their single issue sales matter so much more.
The Image model is an interesting one but with Marvel and DC, one is at least guaranteed a paycheck. Image books selling at ~5K or less, I expect the print single issues aren't providing enough income to live on and I wouldn't be surprised if some run at a loss as singles hoping to make money via collected editions and digital.CA: Why no third series? Is "Singles Club" the last "Phonogram" story?
KG: It was Advanced Capitalism in the early 21st Century with the sales figures.
CA: Don't you think you'll be making that up with the trade? Lots of good comics aren't selling well, why do you think your lack of financial success precludes a third volume down the road? Why not explore other publishers or imprints like Vertigo or Marvel Icon?
KG: There's a difference between making only a little money and starving. We're very much in the latter. Jamie's lucky to get a couple of hundred dollars from an issue. While he didn't tell me about this until after it was all done, there were three occasions when Jamie was seriously considering throwing in the towel. The problem is that Image's deal is a back-end one. Will we make some money off the trade? Maybe. And that's a big maybe. But that means Jamie not earning any money for the six months it would take to draw it, which is the main reason why we took over a year to do 7 issues. As in, every time Jamie ran out of money, he had to stop and do something else. A couple of hundred dollars doesn't cover rent or pay for his fashionable haircuts. And doing this bitty work f--ks up the production anyway, because you can't concentrate or plan. You just spend your entire life in low-level money panic.
Frankly, Jamie is just shy of thirty and one of the most talented illustrators of his generation. Even I'm not a big a bastard enough to want him to spend another year in "Phonogram"'s brand of hell. He deserves a paycheck.
Other options? Vertigo would never publish "Phonogram." The stuff we do with real bands is far too grey-area for Warner [Bros]. I'm not Bendis or Brubaker, so Icon would never fly. Most companies you suspect would be interested aren't, from what I understand - though I haven't actually pursued it with any seriousness.
Best plan I have is just writing series 3 and then writing into my will that assuming I die young and Jamie's still around, lob him whatever's in my bank account to draw it. Which is assuming he'd even be willing to do it then. It's not that we're bitter about it -- well, not just because we're bitter about it -- but that it's been emotionally exhausting. We've been doing "Phonogram" for over 4 years, not including the years before the first series came out. Imagine if we could have just done the comic and not had to deal with any of the shit we've had to. We'd have been up to issue 44 now. Instead, we have 13 issues.
I feel frustrated. Enormously lucky, sure, but frustrated. We've done this wonderful thing we're crazy-proud about. But if the whole economic system was just a couple of degrees to the left, everything would have been different. I mean, just to give you an idea about narrow the margins are between what we are and what we could be, if we were selling 6K instead of 4K, we could have done those 44 issues. The difference between breaking even and actually being able to do it in comics is insane. It's like being kept under ice, clawing. I feel like a bonsai plant.
http://www.comicsbeat.com/meanwhile-...talking-about/
The above gives us an idea as to the sales level where books start to become profitable. Marvel's actually in a better position than DC and can more easily afford taking chances on new titles that would have better sales via other markets. The problem was Marvel expected the direct market to pay entirely for those books (and provide profit, too) when they would've been better served focusing marketing efforts on channels outside the DM. After the controversial retailer meeting earlier this year (I think back in March?), they've started to seriously shift their focus outside the DM which was necessary (and probably something that should've been done decades earlier).