The news that Paul Levitz is "transitioning out" of his position as publisher and president of DC Comics is not good news for the publishing industry. Note the word "publishing" in that sentence. The revenues generated by Superman, Batman, Wonder Woman and other DC-controlled properties are a bigger issue which others are hurriedly discussing. What Paul's move will mean there is anyone's guess, hinging on whether more or more successful TV shows and movies get made. The presumption is we'll see more. Will they be more successful? Depends on who does them and how well they do them.
Meanwhile, I think those of us who care about printed-on-paper comics will see this day as a turning point…or maybe a downturning point. Publishing comic books has not been all that important at either DC or Marvel for a long time. Movie deals, TV shows, videogames, branding, licensing and all the other ways to "monetize" beloved characters have all yielded a lot more cash lately…and by a Hulk-sized margin. Batman used to be a comic book character that also generated revenue via its appearances on TV, in movies and by adorning toys. Now, it's a multimedia property that brings in dollars from a great many directions, one of which happens to be the publishing of comic books.
So the question for some of us becomes: How much interest will DC have in doing that, in publishing comic books? Paul was great at dealing with the movie deals and the videogames and the merchandising but he was also a publisher of comic books. He learned the business when that was Job One and everything else was ancillary income. The same question hovers over the recent Disney-Marvel deal. Disney hasn't cared for a long time if there were Mickey Mouse comic books being published or not. Will they care if Amazing Spider-Man comes out every month? Will they care when sales decline? Keep in mind we will probably never again see the day when there'll be a thousandth as much money in publishing Iron Man comic books as there is in one good Iron Man videogame.
DC is not going to replace Paul Levitz with someone who knows more about how to publish DC Comics because there is no such person. But in light of all the restructuring being done, you have to wonder if they're even going to look all that hard. I mean, the lead-off announcement in the press release is that they're launching a company called DC Entertainment. If you're wondering what this all means, look no further than that first sentence.