I’m not plugged in to these kinds of things, so I’m curious. What all makes you describe the industry as being in flames?
Diamond Distributors was THE distributor for the industry for the better part of 40 years, during the covid pandemic they weren't able to keep up with the business and two other distributors have entered the market and now the big two are distributed by someone other than diamond. Diamond just recently filed for bankruptcy protections to restructure their debt, which is significant. To wit, IDW filed their financial disclosures and mentioned that they were owed a huge sum, there's a break down on bleeding cool:
https://bleedingcool.com/comics/the-top-thirty-companies-that-diamond-owes-money-to/
During all this IDW was voluntarily delisted from the stock market and taken back into private ownership, lost the gi joe and transformers licenses and hit a considerable lull in their multimedia projects like Locke & Key that were doing fantastic business while they were active. they're releasing 3-4 books a week and are leaning hard into the TMNT and Godzilla licenses with no self owned IPs in a while.
also with all this, there's the tariffs. not the ones from this go around, but during the first trump presidency tariffs affected imported printed materials, some printing houses went belly up and the ones that are left are having some issues keeping up with the demand with the big two getting priority over the non-big two, things getting stuck in customs, whole orders going missing, and times are
interesting. My local shop has had a $2,000 order with BCW (e.g. bags, boards, boxes) that's been sitting unfulfilled for nearly a month. If you remember the price of lumber shooting up a couple years ago, the same thing happened to print paper. Some Treklit was caught up with all that and we ended up with maps in the front of "High Frontier" because of the printing delays.
Of course I'm not directly involved in any of this an am only an amateur reporter on these things, so please take all this with a hefty grain of salt. I'm just grateful that anything is making it to us at all.