Tag Archive 'Insider Information'

Longtime comic book retailer and columnist Brian Hibbs touched upon Wizard’s recent smarmy Captain America #25 eBay activity in his most recent Tilting at Windmills column on Newsarama. Brian writes:

Finally, I think there’s some very real concern about Wizard magazine having advance knowledge of this event (and, as a print magazine, clearly they had to have that information weeks ago), and it either accidentally, or very much on purpose leaking to their sales arm, and their affiliated retail stores, giving them a clear market advantage.

Brian was able to sum up very nicely what Wizard did and why it’s so scummy. He goes on to add:

Wizard is not doing anything, that I am aware of, that is illegal. The comics aftermarket isn’t a regulated one. However, I believe it is deeply unethical to report on news and prices while at the same time selling items that can capitalize on that news and those prices.

He’s right that Wizard doesn’t seem to have done anything actually outright illegal. It’s not like Wizard did anything unethical or illegal with anything having to do with Wall Street.

What Wizard did was Insider eBaying. They used information someone at Marvel told them because they are the de facto Forth Estate of the funny book world and made some serious PayPal money from it. Scrooge McDuck would be so proud.

Wizard needs to figure out what it wants to be when it grows up. Does it want to be the pinnacle of comic book journalism or does it want to sell $4 comic books for $50 on eBay the day they come? I honestly don’t see how they can do both. Not if they want people to respect what they do or what they represent. The more this type of crap goes on, the less they seem like a credible magazine and more like the typical fleamarket vendor. Only without the grotesque body oder.

Then again, if they were looking for respect they would have hired Augie De Blieck as Editor-in-Chief and not the guy that ran FMH into the ground. Not that FMH didn’t deserve to be run into the ground.

Thursday, March 15, 2007

Wizard sort of responds

The other day I wrote about Wizard Universe selling hundreds of issues of Captain America #25 on eBay. It seemed as though Wizard Universe had some kind of special insight that Captain America #25 would include the death of Captain America. That’s some insight no other comic retailer seemed to have.

Wizard the magazine is a magazine about comic books. Wizard Universe is a retailer that sells comic books. Is there an information firewall between the two entities? Are there safe guards in place to ensure that the retailing side of Wizard doesn’t get an unfair advantage from the (don’t laugh) the journalistic side of Wizard?

The Daily News was the first to break the story about Captain America getting killed. It wasn’t by accident. They were privy to the fact that Captain America was going to be killed in issue #25 two whole months before it happened. What if the Daily News also sold comic books? Would that be a conflict? They don’t sell comic books, so it’s not an issue.

The difference with Wizard is that not only do they report on comics, they also sell them. By the looks of Wizard Universe’s eBay auctions for Captain America #25, someone over there had the foresight to order lots and lots of this particular issue.

I decided I would try to ask Wizard.

I contacted Wizard’s media contact Drew Seldin. In an email, I asked if in fact anyone at Wizard the magazine had prior knowledge of Captain America’s death and if anyone at Wizard the magazine passed this information over to Wizard Universe before last week. Seldin responded to my email. Instead of simply answering my question, he told me that he believed that my “ultimate goal is to attack Wizard“.

He went on to say that if he was wrong about my intentions, I could call him next week and we could discuss it. My ultimate goal was not to attack Wizard. It was to have him answer my question. By refusing to answer my question, I’m left with even stronger suspicions then I had before.

Yet another reason Wizard magazine should be avoided at all costs. Newsarama’s Vaneta Rogers talks with comic book retailers about Captain America #25. It’s an interesting read. Especially when the topic turns to how Wizard Universe, which is owned by the same company as Wizard magazine, sold hundreds of issues of Captain America #25 on eBay on Wednesday at prices from $10 to $50 an issue.

It’s as though Wizard Universe had some kind of inside information from Marvel Comics that Captain America #25 would include the death of Captain America. That’s something no other comic retailer was privy to. That Captain America was going to be killed.

Did anyone over at Wizard magazine with information concerning what was going to happen in Captain America #25 advise their counterparts at Wizard Universe to stock up on copies so they could quickly post them on eBay?

It sure seems like it.

It also seems highly unethical. I lost all respect for all things Wizard last year after Wizard World Philadelphia. I haven’t purchased any of their magazines since.