According to Crain’s New York Business, ComiXology is a start-up worth watching for investors:
If most tech startups are plumbing existing markets, comiXology has practically created a new one with its digital marketplace for comic books. Every major retailer and publisher sells comics through this Chelsea startup. In 2011, downloads from the site—100 million of them—accounted for 75% of all digital comics downloads that year, according to pop-culture site ICv2.com.
ComiXology turned profitable in 2011 on sales of $19 million, and while it hasn’t disclosed 2012 revenue, the company estimated that they would triple. Angel-backed, comiXology has yet to seek venture money, although it might in order to get more resources to grow, said co-founder and CEO David Steinberger.
Is this the first time that we’ve seen the $19 million/100 million downloads in 2011 figures? Considering the price point for digital releases, that’s a lot of free downloads in 2011… I wonder how that shifted last year, as DC and Marvel properly moved into day-and-date and the audience grew?
(EDIT: It’s been pointed out to me that the 100 million downloads number is all-time downloads, not 2011 alone. Sorry for my confusion.)