The Comic De-SPEC-Tive v.1-5


TV or Not TV, That is the Question


A big part of the modern speculation game is being able to identify a few things: a stunning cover, a new character, a key event that will “have lasting effects” on the status quo of a title (at least until the inevitable reboot or retcon.)

The tools at the collectors’ fingertips are myriad- solicits in Previews; comic news sites; social media accounts of publishers/creators; and comic speculation sites (including this fine one you’re perusing right now.)

Yet even with all of this information, as with all things in life, there are no sure things. This all holds even more true when looking at t.v. speculation.

I was half-watching Supergirl this week and really started to wonder why the majority of spec from television shows doesn’t see the same sort of bump as movie spec.  It seems like film options get an immediate buy in but in terms of television there seems to be more of a divide.

And it also seems that television doesn’t carry the same sustained value of their big screen counterparts even when dealing with A-list characters.  There are obviously a few exceptions like The Walking Dead which became more of a cultural phenomenon then a pure comic to TV spec.

Just running down recent comic to TV show adaptations, we have along with the aforementioned Supergirl, The Flash,  Legends of Tomorrow, Black Lightning, Riverdale, iZombie, Lucifer, Happy, Legion, Runaways, Krypton, Outcast, Preacher, the Netflix Marvel shows..and the list only grows longer. (I am excluding shows here that were created before the comics such as Rick and Morty and more recently Lost in Space.)

It seems the DC shows in particular don’t get any love.  Going back to Supergirl, the show continues to develop the Legion of Superheroes, specifically Valor and a bastardized version of Saturn Girl (and The Flash just may be playing around with a version of either XS or Dawn Allen of the Tornado Twins).

They have made specific references to the horror of the Blight which was a major enemy of the Legion during DnA’s classic run. Signs point to the CW perhaps launching a Legion show and comic-wise the property is also rumored to be part of the revitalizing of several of the missing DC tent pole teams, Legion of Superheroes and JSA, as well as Shazam.

A property rife with potential yet knowing the history of how spec has performed, I have a hard time recommending any books.  At least they finally got Valor into costume…




Similarly, Agents of S.H.I.E.L.D (yeah, I know, I know, but this season it really HAS been good!) just dropped the introduction of Graviton on us (first appearance below even though they have amalgamated this character with another character Major Glenn Talbot who first appeared in Tales to Astonish 61.)




We got to see Robbie Reyes as Ghost Rider on the show as well with some truly good GGI, but his first appearance in this fantastic Tradd Moore 1:50 variant for issue 1 still can’t hit $70 sold.




Yet, raw copies of Zeitgist’s first appearance have been selling raw for upwards of $40.  Argue rarity of that issue, or that it is also the first appearance of Doop all you want, it was the confirmation of the Deadpool appearance that caused a spike on a character who won’t likely make it through the last third of the film.  (Wait, projectile acidic vomit? I take it all back- I see a ‘Deadpuke’ mash-up in our future!)




Yet somehow a show like The Gifted which is dropping more first appearances on us than any current X-related show or movie -Polaris, Fenris twins, the Cuckoos, Ahab(!?)- can barely move the spec dial.

Let’s take a closer look at a book that set the world afire briefly before crashing back down to earth.  Outcast 1 was a book that in 2014 when it was released and in 2016 when the show premiered saw a frenzy of sales (and listings as it had a mid-80,000 print run.)

Completed sales for 9.8 CGC slabs were topping out at $180. Reviews were good overall. It was dark, had a compelling central lead, and it stayed pretty close to the central conceits of the book.  Then more 9.8’s started to appear asking for mid-$200-$300. Raw sales dried up as more and more slabbed copies showed up.

The season ended and with it, so did interest in the book and eBay purchases.  A season 2 was announced. Hope. That quickly deflated as it aired outside of the United States first with Cinemax promising it would be air here this May. HBO would air the entire first season and advertise behind its biggest shows.

At this point, however, the damage was done. Two sales of 9.8 over the last three months went for an average of $25. ‘Outcast’ officially symbolized the junk bonds of TV-based spec destined to never again meet its initial value.

So,what does all of this mean for collectors and buying into television properties?



I feel your pain, man! I own 3 9.8’s.


Well, one thing about television – there is just too much of it now and so many channels that niche programmers can essentially hone in on their target audience no matter how limited it may be.

Sci-fi western? Wynonna Earp. Fans of the lead singer from My Chemical Romance? Umbrella Academy. Conspiracy theorists who believe the NYPD is covering up a werewolf epidemic? Brooklyn Animal Control (Yep, it’s a real book from IDW- unfortunately, its first pass didn’t inspire confidence so it is being retooled.)




Additionally, due to the number of properties being optioned, not everything is guaranteed to go into production, and then, not everything is guaranteed to get picked up to series.

One of the most recent casualties was Locke and Key which brings me to another point- you can’t  (and you shouldn’t!) trust that the book’s (or show’s) creators  to deliver fair and unbiased info about their show.

Their financial well-being is directly connected to how that show could potentially perform, so you will never see the writer/artist come out and say, “Checked out the dailies today, and have to say, looks like it is turning out to be a real trainwreck.’

As hard as Joe Hill and Gabriel Rodriguez pushed on social media that everything looked terrific, that it was amazing to see their creation brought to life, that the cast and crew should be dusting their shelves off for ensuing Emmys, for the second time in seven years, their cult favorite comic couldn’t make it past the pilot stage, this time at Hulu.




So, what’s next?  As studios continue to develop their own streaming services, we are unlikely to see a decrease in the number of comic-based properties.  Is there another potential TWD waiting in the wings? Probably not, but there are definitely more moderate successes in the vein of Alias/Jessica Jones which are worth monitoring.


In the Queue


With the phenomenal rate at which properties are being optioned, sellers need to strike while the iron is hot.  After buyers descend like locusts on any existing cheap copies from the usual sources- eBay, MyComicShop- the adrenaline-fueled desperation of missing out kicks in.  (Check out how quickly new listings make note of the fact that a book has been optioned!)

While this is a great way to cash out during the initial wave, other collectors are sending in fast track lottery tickets in hope of getting that 1st 9.8 listed and setting a precedent for that book’s value.  I tend to keep all first issues of titles in separate long boxes alphabetically to ensure that I won’t have to dig around searching for a book. Once an announcement is made, if I have multiples, I will pull a few to the side, creating my ‘in the queue’ stack.

(Important aside here that I am a reader as well as collector, so if I think a property may lend itself to being a successful series based on its premise, publisher, creator’s track record, I will long hold a book.  This is key with smaller print run titles as well as high ratio variants.)

The other element of this is if you are a buyer, then you should have an active newsfeed that includes all of the comic sites  but also entertainment sites like The Hollywood Reporter and io9 who often break option announcements first.  It seems obvious as well but secure your own high grade copies before rushing to ‘break the news’ on CBSI!

So, while we are unlikely to see any comics optioned to TV reach the rarified air of some of their movie brethren, there is still profit to be gained.   Here are the books that I am currently sitting on, some in anticipation of development and casting news and others waiting for the first episode to air.

his is not an all-encompassing list which you can find easily enough with a Google search but rather titles that I think have the most potential for growth.  If you’re looking for a pattern, it is that all of these books tend to have a sterling, pedigree ensuring that the source material at least is of a certain quality:


Cloak and Dagger




Umbrella Academy




Deadly Class




The Boys




Chilling Adventures of Sabrina




East of West




Southern Bastards








Y, the Last Man




Other shows currently in development stage with no network attached:

  • Astro City
  • Black Magick
  • Harrow County

As always, I welcome your feedback and I’m interested to know what shows you are anticipating or ones that you think may take off.

Tune in next week- same spec time, same spec channel!



  • Great article, love how you broke down the rise and fall of TV spec… Lately I’ve been steering away from those types of books unless I can snag them at a price that I can’t lose on. An interesting side note, I’m not sure if The Empty Man is being adapted for TV or film, but they were seen filming scenes in my sisters neighborhood of Edwardsville, IL not too long ago.

    • Gary Nusser

      They filmed a lot of Iron Fist under the name ‘Kick’ here in Staten Island and Brooklyn. From what I remember John, The Empty Man will be adapted to the big screen and at least, initially, David Fincher was involved (producing maybe?). I love Cullen Bunn’s work and think Harrow County could be a great series!

  • Mark Millar? All those movies, but nothing really coming out of it. Keeping an eye on Netflix deal. Maybe he’ll do better on TV?

    • Gary Nusser

      Totally Jason! I wrote a bit on him in my column on Image books but I think ‘The Magic Order’ the first original property for Netflix through the deal could open up the floodgates for some of the titles like Starlight, Chrononauts and Jupiter’s Circle/Legacy.

  • Dumroll please…….. and the next walking dead is . . . .

    • Gary Nusser

      Hmmmm.. can I bet the field? Personally I like the Chilling Adventures of Sabrina which I think could open the door for Afterlife with Archie but the way Netflix rolls everything out at once works against streaming networks for long-term speculation.

  • Ben C

    I am going to have to read this a couple more times to soak up all the info.

    Great stuff Gary!

    • Gary Nusser

      Thanks, Ben! I find that I go back and reread most of the articles here again and again. Me? I’m just trying to contain my ramblings into a coherent article. LOL.

  • Brilliant Gary! Toughest part is something gets optioned then it’s years before it gets actually greenlit. Examples like The Woods and Midnight Nation moved like wildfire upon announcement and have now become drink coasters. That’s I think the toughest is the space in between. If you wait until it’s actually budgeted your too late. You buy before and you are sitting on paper worth less than zig zags. TV is tough too. If it’s on one of the major networks and it does not show ratings immediately, it’s done. Sure the CWs of the world can sustain Supernatural Season 36, but those are a rarity. Yet Sci Fi keeps churning metal gorillas with to heads vs volcanic reindeers with four arms 😂

  • Eman

    That was Awesome Gary….thank you for that article and thank you for your time.
    I think for TV show Spec’s the window is extremely extremely small.
    When The Boys and Outcast were both specs and hot you could make a decent flip for about a week and a half, two weeks max. Then the “hot spec” window closed.
    The Preacher spec actually lasted a while…,but nowhere as long as movie specs.

    Maybe movie spec’s are more driven by first appearances like Harley Quinn and Dead Pool and TV show specs are driven mostly by the TV show as a whole.
    I guess it’s easier to get excited and collect one individual character (Harley Quinn) than a group of people in a TV show like The Boys…
    These are just my thoughts,

    • Gary Nusser

      I think you bring up really interesting points. It may be worthwhile to look at books that actually had spec value before an option and to examine the effect on the books once they get optioned… I hope to be able to go back and look at some of these picks a year from now and see where we stand.

  • invinciblelatin

    Great article but I’m sorry AoS is must watch TV. These last two season has had unbelievable writing and acting. And the special effects have been outstanding.

    • Gary Nusser

      Absolutely!! I think after Peggy Carter got canceled, I took it out on AoS but this season may be my favorite of the bunch. I just know that aside from receiving critical accolades, a lot of shade gets thrown its way.

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