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Fantagraphics in trouble

Posted: Wed May 28, 2003 23:33 -0700
by Stan Sakai
Fantagraphics Books, who publishes the first seven Usagi trade collections as well as other fine books, is in financial trouble according to an e-mail sent out by publisher Gary Groth. Their book store distributor had gone bankrupt last year owing them about $70,000. (This is ironic since Fantagraphics have been doing very well in such stores.) They were forced to take out two loans to keep them going, but the loans are coming due. FB also overprinted books in 2002, but their creditors will want cash, not inventory. Fantagraphics is owned wholly by Gary and Kim. One option for them is to sell part of the company, which might cut into the creative freedom they've been enjoying.

They're asking for fans, pros, anyone to buy books and merchandising from them. This plea had worked for Top Shelf, and kept them out of bankruptcy from the same situation with the distributor. Fantagraphics has been publishing for about 27 years and has a lot of great books--from the complete Prince Valiant to Love and Rockets to, of course, Usagi.

Check out their website.

Posted: Thu May 29, 2003 9:29 -0700
by takematsu
<Puts on natty '60's black suit, hat, and uncomfortable plastic mask>

Fire up the Black Beauty, Kato! We're off to the book store!

<pauses just a moment to log off a message board, and find socks>

Posted: Thu May 29, 2003 10:46 -0700
by Leonardo
That sucks, the only fantagraphics things I would buy are the usagi comics, and I have all of those, so I don't think I'll be helpin out this time, sorry, I'm not made of money either...

Posted: Thu May 29, 2003 12:23 -0700
by Wily Pueo
Stan, do you think they will be able to survive at least through July and the SDCC? I'll make a point of picking up a few books from them at the con if so.

Dave

Usagi books available at Fantagrahics

Posted: Thu May 29, 2003 14:05 -0700
by Guest
Just wanted to note that in addition to carrying the Usagi trades they published, Fantagraphics also sells Dark Horse trades as well. Alex

Posted: Thu May 29, 2003 19:53 -0700
by takematsu
To further my silliness of earlier (or make amends, as the case may be), I've forwarded Sakai-sensei's message to the one decent comic store in our city. There's another, but if I know them they'll just hide everything with the word "Fantagraphics" on it in hopes of cashing in after a collapse :evil:

Gambatte, Fantagraphics!

Posted: Thu May 29, 2003 21:03 -0700
by Todd Shogun
Perhaps we can send out a mass email to all UYD Members, asking them to purchase the UY graphic novels and other books. Hopefully they won't consider the effort as spam! What do you all think?

Posted: Thu May 29, 2003 21:49 -0700
by Todd Shogun
Okay, had another idea... what if we sent the email out and held a raffle? Possibly for an original UY drawing or something else (or even multiple prizes)? All the UY Members would have to do is forward proof that they made a purchase at FB's website via email. Each item purchase could count as an entry. The more items you purchase the more entries you get. Any thoughts?

Posted: Fri May 30, 2003 8:42 -0700
by takematsu
The nature of spam is that it's impersonal and generally for crappy products. Neither objection would obtain in the current circumstance, and if it's clear in the text of the mailing that it's a one-time-only, dire-emergency class of mailing, even prickly people couldn't whine much.

Posted: Fri May 30, 2003 10:59 -0700
by Stan Sakai
Todd Shogun wrote:Okay, had another idea... what if we sent the email out and held a raffle? Possibly for an original UY drawing or something else (or even multiple prizes)? All the UY Members would have to do is forward proof that they made a purchase at FB's website via email. Each item purchase could count as an entry. The more items you purchase the more entries you get. Any thoughts?
I'll definitely donate an original drawing to the raffle, and how about a 2004 UY calendar. I won't be able to keep track of the orders myself, though.

Posted: Fri May 30, 2003 12:29 -0700
by Todd Shogun
Don't worry, I'll take care of all the order tracking and raffle stuff. An original drawing and 2004 Calendar sounds great! Thanks!!!

Posted: Fri May 30, 2003 15:17 -0700
by Alex Chun
Hey Stan,

My understanding is that at least a couple of artists will be donating art to Fantagraphics' cause. I'm not sure how they are going to be turning the art into money, but I suggested to Gary that Ebay might be the best way to go. Alex

Posted: Sat May 31, 2003 6:18 -0700
by Stan Sakai
Alex Chun wrote:
My understanding is that at least a couple of artists will be donating art to Fantagraphics' cause. I'm not sure how they are going to be turning the art into money, but I suggested to Gary that Ebay might be the best way to go. Alex
That's a good way to go, but the art for this raffle will be given away.

If Gary or Kim contacts me for a piece of art to sell on e-bay, I'll gladly donate a piece for that as well.

Posted: Sat May 31, 2003 11:52 -0700
by Logan Myrddin
um... ((Can't believe I'm actually going to say this...))... if my Limited Edition Kitsune figurine would garner enough money to be worth it... I'd be willing to part with it. It's very important to me that some of the series Fantagraphics sells stay available to the public... ESPECIALLY Usagi. I will hate to part with my LE Kitsune, but I'd hate it far more if it turned out my help could have saved this wonderful company and I didn't give it. So... If you guys think it would garner enough money to really help, I'm willing to do my part. I may never have kids, but if I do, I want to be able to give them their own copies of Usagi. And if Fantagraphics goes down, it's likely that Usagi's first seven gn's won't be around. Anyway, if it will really help... my LE Kitsune will go to the cause...

donations

Posted: Sat May 31, 2003 12:30 -0700
by Alex Chun
Hey Stan,

I talked to Kim Thompson today, and he should be getting in touch with you. For those who are interested, there's a Chris Ware piece up on Ebay now:

http://cgi.ebay.com/ws/eBayISAPI.dll?Vi ... 3525065804

Also, I hope you have fun at the BEA today.

Logan, instead of selling your figure, I'm sure Fantagraphics would be just as happy if you bought some books directly from them.

Best, Alex Chun