Continuing its busy week, comiXology has announced a deal with Andrews McMeel Publishing to bring Garry Trudeau’s Doonesbury, Lincoln Peirce’s Big Nate and Scott Adams’ Dilbert and other comic strips to the growing digital platform beginning today. Additional AMP releases will be available in later months.
“We are thrilled to bring our cutting-edge, world-renowned comics and best-selling humor books to comiXology’s global audience,” Kirsty Melville, publisher and president of Andrews McMeel’s books division, said in a statement. “Andrews McMeel prides itself on publishing exceptional and innovative content, and making it available to consumers wherever and however they choose to read. This digital engagement with comiXology, through their innovative buying and reading experience, provides a perfect way for new audiences to discover our titles.”
ComiXology kicked off the week with news that Comics by comiXology was the third-highest grossing iPad app in 2012, up from No. 10 the previous year. That was followed Wednesday by the debut of Continue, a continuous-bookmarking feature that permits users to pick up reading on one device where they left off on another, and the announcement this morning that Mark Waid’s Thrillbent imprint has signed a distribution deal that begins with the digital debut of Insufferable by Waid and Peter Krause.
Retailing | The bankrupt Borders Group agreed to revise its $7.8 million retention bonus plan by tying potential payments for top executives to the company’s ability to pay unsecured creditors. U.S. Bankruptcy Judge Martin Glenn told the bookseller on Thursday it must make further changes to the proposal, and negotiate with the U.S. trustee, before he would approve it.
The struggling bookseller says that 47 executives and director-level employees have quit since the company declared bankruptcy on Feb. 16 — two dozen just this month — leaving only 15 people in senior management positions. The book chain had sought to pay $6.6 million to 15 executives, including $1.7 million to CEO Michael Edwards, and $1.2 million to 25 director-level managers in a bid to retain key personnel.
Under the new terms, agreed upon by Borders and the creditors before Thursday’s hearing, the top five executives would receive $4.9 million at most if they recover $95 million to unsecured creditors under a sale or restructuring by Aug. 15. They could get $1.8 million in $73 million is returned. [The Detroit News, Bloomberg]
Dilbert cartoonist Scott Adams fell into a bit of controversy last week when he decided to promote his latest business venture, DilbertFiles, a file transfer service, three times in his daily comic strip. This didn’t sit well with some folks: