Comics publisher IDW delisted from NYSE, lays off 39% of workforce

According to The Beat, IDW announced today that it is being delisted on the NYSE, and is laying off 39% of its workforce.

"IDW is generally considered to be one of the Top Five comics publishers in the direct market, back when sales charts and market shares were available. Last year they moved from Diamond to PRH for their comics shop distribution. Founded in 1999 by Ted Adam, Alex Garner, Kris Oprisko, and Robbie Robbins, IDW was consistently one of the most innovative and forward-looking comics publishers for 24 years, with such hits as March and They Called Us Enemy from Top Shelf, and the much loved Artist's Edition line of oversized collections. But recent changes in the DM and bookstores, as well as effects of the pandemic and the cutback in streaming platforms, meant changes in the business model, which had expanded to going public under parent company IDT Holdings."