The distinction between formats is blurring. What constitutes a “graphic novel” versus “collected manga” is increasingly determined by marketing strategy rather than content.


Recently live is a TNPS post about the growth of Toho and its impact on global anime and Manga/comics/graphic novels publishing.

Per that post: “The once-distinct categories of comics, graphic novels, and anime are rapidly merging into a unified transmedia ecosystem, presenting both opportunities and challenges for publishing professionals.”

This post looks at that notion more broadly.

Market Dynamics

The global manga market alone demonstrates this growth trajectory, valued at $11.2 billion in 2024 and projected to reach $21 billion by 2034 (Allied Market Research, 2024). This 6.5% CAGR reflects not merely traditional manga sales, but an expanding appetite for cross-format storytelling that traverses print, digital, and animated platforms.

Publishers report that reader engagement now depends on adaptation across physical and digital ecosystems, with webtoon-style vertical-scroll formats optimised for smartphones driving faster episodic releases and data-driven editorial decisions.

Industry Convergence

Leading publishers are (at last!) dismantling format silos. Kodansha, Shueisha, and Kadokawa operate integrated strategies where publishing, animation production, and merchandise function within unified frameworks.

This approach extends beyond Japanese publishers – DC Comics has developed original manga titles including Batman: Death Mask (2008! This is no a new development.) and the anime film Batman Ninja (2018), while Dark Horse Comics and Yen Press increasingly acquire properties with multi-format potential.

What’s In A Format?

The distinction between formats is blurring. What constitutes a “graphic novel” versus “collected manga” is increasingly determined by marketing strategy rather than content.

Publishers Weekly notes that nostalgia properties like Teenage Mutant Ninja Turtles and Transformers are being repositioned across formats, with trade collections following digital serialisation – a manga-inspired release model now standard in Western publishing.

Crossover Mechanisms

Crossovers occur at multiple levels: creator-led (Akira Toriyama linking Dr. Slump and Dragon Ball), publisher-coordinated (DC’s anime adaptations), and market-driven (Super Robot Wars-style multimedia franchises). Real-time reader analytics – tracking drop-off points and panel engagement – now shape plot development across formats, creating feedback loops between anime studios and publishing houses.

The View From The Beach

This convergence demands new competencies: licensing and adaptation rights management, multilingual digital edition production, and community-driven content strategies.

The future lies not in format purity, but in format fluidity – where stories originate digitally, migrate to print, expand into animation, and generate merchandise through coordinated IP management.


This post first appeared in the TNPS LinkedIn newsfeed.


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