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Disney expands Comic Book Holdings

In a deal it hopes will produce a trove of new properties to exploit across various media, Walt Disney Co. has bought the assets of CrossGen Entertainment, a comic book publisher whose fantasy and sci-fi titles include "Abadazad," "Mystic" and "Route 666."

This is another sign of Disney coming to accept the shift in reading habits toward graphic novels and manga. I don’t know if you’ve walked down the manga/graphic novel aisle at Barnes and Noble lately, but it’s a fast growing section of Titles. So far, Disney has steared clear of these genre. It looks like that will no longer be the case. Racier titles will go to the miramax and touchstone divisions. The W.I.T.C.H. property is huge in Europe and coming to the USA soon. Could Disney have developed the next Harry Potter on their own?