Power Comics

Power Comics was an imprint of the British comics publisher Odhams Press (itself a division of IPC Magazines) that was particularly notable for its use of material reprinted from American Marvel Comics. Appearing chiefly during the years 1967 and 1968, the Power Comics line consisted of five weekly titles: "Wham!", "Smash!", "Pow!", "Fantastic" and "Terrific". The first three of these titles were essentially traditional "The Beano"-style British comics papers, supplemented by a small amount of Marvel and DC Comics material, while "Fantastic" and "Terrific" were more magazine-like in style and were dominated by their Marvel superhero content.
History.
The Power Comics imprint was part of Odhams, headquartered at 64 Long Acre, London. Odhams was owned by International Publishing Corporation, a company formed in 1963 by Cecil Harmsworth King, chairman of the "Daily Mirror" and "Sunday Pictorial" (now the "Sunday Mirror"), through a series of corporate mergers. All of the comics published by IPC were under the control of one or other of the subsidiary companies which King had brought together to form IPC, including Fleetway Publications and Odhams Press. 
The Power Comics imprint was led by a three-man editorial team, known as Alf, Bart, and Cos. Alfred Wallace ("Alf") was the Managing Editor at Odhams, and supervised the entire Power Comics line. Under his direction, Bart (a pen-name for "Eagle"'s Bob Bartholemew) and Cos were the staff editors who handled the individual titles.
Following the initial success of "Wham!" in 1964, Odhams had launched four more Power Comics during 1966 and 1967, only to close them in quick succession: merging each in turn into the survivors until by 1969 only "Smash!" remained. Whereas 1968 began with all five Power Comics titles apparently flourishing, by the year's end only "Smash!" was still being published. Even the sleepiest of readers had to notice that something was seriously wrong, as the increasingly frantic series of mergers resulted in ever more ludicrous titles, culminating in the astonishing "Smash! and Pow! Incorporating Fantastic" (commonly spoofed as "Smash, Pow, Wham, Incorporating Fantastic and Terrific").
Origins: "Wham!" and "Smash!".
When Odhams obtained the rights to reprint Marvel Comics material in the UK, they began by incorporating superhero stories such as the Hulk and the Fantastic Four and into their existing titles "Smash!" and"Wham!" respectively. The Marvel material was reproduced in black-and-white, and serialized in short installments alongside the original British strips which still dominated the content of those comics. "Smash!" also reprinted the "Batman" newspaper strip, to cash in on the popularity of the live-action TV show.
The Power Comics logo first appeared on "Smash!" #44, with a publication date of 3 December 1966.
"Pow!", "Fantastic", and "Terrific".
Power Comics took more concrete form with the appearance of "Pow!" and "Fantastic" early in 1967. The first issue of "Pow!" appeared on 14 January 1967, by which time "Wham!" had reached issue #136 and "Smash!" was at issue #51. "Pow!" was similar in format to the two earlier comics, a mixture of traditional British material and Marvel reprints — in this case Spider-Man and Nick Fury. 
"Fantastic" first appeared on 11 February 1967, and was quite different in style from its predecessors. In many ways, it looked more like one of the American black-and-white anthology magazines of the time, such as "Creepy" and "Eerie", than a traditional British comic such as "The Beano". It was aimed at an older audience than the latter, though a younger one than the American anthology magazines. The content of "Fantastic" was dominated by the Marvel Comics superheroes Thor, the X-Men, and Iron Man, with only a minimal amount of British material. In general appearance, style, and content, "Fantastic" can be considered a direct precursor of the Marvel UK weeklies such as "The Mighty World of Marvel" that first appeared a few years later in 1972.
The number of "Power Comics" titles was increased to five on 8 April 1967 with the first appearance of "Terrific", which was similar in format to "Fantastic" and was again dominated by Marvel reprint material: The Avengers, Doctor Strange, and the Sub-Mariner.
Mergers and the end of Power Comics.
The Power Comics line remained at five titles for nine months, after which it started to dwindle. "Wham!" was merged into "Pow!" on 13 January 1968, while "Terrific" merged into "Fantastic" three weeks later. This left three Power titles for just over six months, after which "Pow!" and "Fantastic" were merged into "Smash!" in September and November 1968 respectively.
Odhams' parent, IPC Magazines, was eager to shed the licensing fee expenses for their American reprints, so as each title in the Power Comics line shut down, its respective superhero strips were given up. Only in the case of "Fantastic", where the existing contract with Marvel had some months to run, were those strips transferred to its replacement, the merged "Smash! and Pow! Incorporating Fantastic".
Despite being the longest survivor, and inheriting many popular strips from the other four titles, "Smash!" was only a limited success. The Power Comics line officially came to an end in November 1968, when the logo was dropped from "Smash! and Pow!"'s #143 cover. 
"Smash!" continued to include some Marvel material but, once the Marvel contract expired in March 1969 (and having already dropped "Batman"), IPC quickly made extensive changes to the title, firing Alf Wallace and ending many other strips as well. By introducing a new cover feature, new strips, and free gifts (in the style of established IPC Magazines titles such as "Lion" and "Valiant"), "Smash!" was revamped in all but name into a new comic.
Despite more editorial shakeups, "Smash!", the last surviving member of the Power Comics line, lasted until April 1971, when it was merged into IPC's "Valiant".
Style and content.
Power Comics was the first attempt to integrate elements of American superhero comics into mainstream British comic publishing, motivated by the huge success of Stan Lee's line of Marvel Comics in the USA. Besides reprinting many of Marvel's most popular series, such as Spider-Man and the X-Men (all written by Lee), there was also an attempt to create a home-grown British superhero: firstly with the Missing Link/Johnny Future, who appeared in "Fantastic" prior to its merger with "Terrific"; and subsequently with Tri-Man, who appeared in "Smash!" after its merger with "Fantastic".
Bring on the superheroes.
The first superhero strip to appear in a (future) Power Comic title was the Incredible Hulk, who showed up in "Smash!" #16 (dated 21 May 1966). The Hulk's initial appearance took up a massive six pages, one-quarter of the 24-page issue, fully pushing five existing strips out of that issue (and causing the cancellation of two of them). It's hard to overstate the significance of the introduction of "The Hulk". It was the first Marvel Comics strip featured by Odhams, the success of which led to the introduction of the Fantastic Four into "Wham!" on 6 August 1966, and to the launching of two new titles entirely dedicated to Marvel superheroes – "Fantastic" and "Terrific" – in 1967.
DC's "Batman" became the second American superhero to debut in "Smash!", in issue #20 (18 June 1966), crashing onto the front cover a month after the Hulk's debut, in re-edited reprints from American daily and Sunday newspaper strips. This was a response to the sudden and enormous popularity of the "Batman" television series starring Adam West.
The success of the Hulk and the Fantastic Four — which eventually became the longest running Marvel strip, ultimately appearing in three Power Comics titles in succession — led to "Spider-Man" headlining "Pow!". And more Marvel heroes followed in all five Power Comics titles.
A distinctive feature of both "Fantastic" and "Terrific" was the full-colour pin-up that featured as the back cover of most issues. Many of these were reprinted from American Marvel comics, but at least some (including a Johnny Future pin-up) were produced especially for the Power Comics by a young Barry Windsor-Smith.
Reader outreach.
As well as drawing heavily on Stan Lee's creative output, Power Comics also attempted to emulate Lee's chatty style and community building efforts, through their own editors, who were "Alf and Bart" on some titles, and "Alf and Cos" on others. In point of fact, "Alf" was Odhams staff editor Alf Wallace, "Bart" was "Eagle" editor Bob Bartholomew, and "Cos" was Albert Cosser, who would later be the editor of "TVTimes" magazine. Each title had its own letter column (such as "Fantastic Fan-mail"), and also a half-page editorial ("News from the Floor of 64", a reference to the editorial offices at 64 Long Acre in London, an address common to all of the Power Comics), comparable in style and purpose to Marvel's "Bullpen Bulletins".
"Britification".
As was standard practice with UK reprints of American comics, due to the larger UK page size, pages from the original American comics were rearranged (and sometimes panels dropped altogether) to fit. Unlike the otherwise similar Marvel UK reprints of the 1970s, the Marvel material in the Power Comics was frequently edited to replace American spellings and slang with their British equivalents. Dialogue and/or images were also changed occasionally to remove snags in continuity caused by the lack of synchronisation between reprints of different storylines. The alterations were quite crudely done and easy to spot.
One of the more controversial aspects of Power Comics was the relative lack of credit given to Marvel Comics and the American creators of the material used. For the first few weeks of the Marvel reprints the company was not acknowledged at all, but Odhams then had a change of heart and published a letter from a reader pointing out the origin of the strips. But, throughout, Marvel credit boxes containing the names of Stan Lee and collaborators such as Steve Ditko and Jack Kirby were invariably deleted from the splash pages; the space they occupied was either left blank or covered with drawn-in artwork. Apart from the compulsory copyright acknowledgment in small print, the name "Marvel" was never mentioned — wherever it appeared in the strips it was changed to "Power." Marvel continued to be mentioned occasionally, though. For example, when the Hulk was removed from "Smash!", the editors had to justify the decision by admitting the reprints had caught up with the American originals. After a gap of several months, due to the character's popularity with readers, the Hulk reappeared, but this time in "Fantastic".
Analysis.
Effect of television on the comics industry.
The history of Power Comics is really a history of the managed decline of the British comics industry in general during the 1960s, in the face of falling sales resulting from the growing power of television. In the course of that decade, the British television industry introduced a new channel (BBC2 in 1964), cheaper television sets (in consequence of the transistor revolution), hire-purchase (broadening the market so that anyone could afford a TV), and — dealing a near death-blow to mass-market comics — launched British television into colour in Christmas 1969.
What must always be born in mind is that, in the comics industry, the 1960s were not the 1930s. With the advent in Britain of commercial television, in 1955 – displacing the staid, old-fashioned children's television offered by the BBC up to that point – the ever-increasing competition from TV began a continuous (and accelerating) decline in comics circulation. Throughout the 1960s, in consequence, the circulation wars fought in the comics publishing industry were fought out against a backdrop of ever-declining circulation figures.
The question is why, in a limited market such as the UK, Odhams took such a big risk as to launch five titles, if it was so quickly obvious that the market could only support one? It has been suggested that it was common practice for a publisher to quickly clone a successful title, in order to forestall its competitors from doing so. That does not seem to be the case here. "Smash"'s only distinctive feature was its American superhero strips, so "Fantastic" and "Terrific" (which most of the time contained "only" Marvel superhero strips) might loosely be described as clones of "Smash!", even though they lacked any humour strips; but IPC had an exclusive licence from Marvel Comics to reprint Marvel's strips in the UK, which precluded anyone else from doing so.
1968 economic crisis.
The actual answer lies in the unexpected nature of the economic crisis of 1968 that hit the British economy, resulting in the devaluation of the Pound. The economic chaos began with a Sterling crisis in Britain in 1967, leading to devaluation in November. There then followed a crisis for the U.S. dollar in March 1968, which had a cascade effect on the international economic system, sending first the French franc and then the West German Deutsche Mark into devaluation, and culminating in a new Sterling crisis in Britain in November 1968.
Burden cost of Marvel Comics license.
These repeated falls in the value of the pound against the U.S. dollar significantly increased the cost of publishing the American strips, which had to be paid for in dollars, and raised the daunting spectre of further increases if the Pound fell in value yet again. Increasing the cover price of the Power Comics titles to compensate was impossible because of stiff competition (with sales on a sharp downward spiral, as circulation fell victim to the ever-increasing popularity of television); so the fall in the value of Sterling made the American strips unaffordable.
The toughness of the competition is apparent from examining other contemporary titles. The first issue "Fantastic", published in February 1967, cost 9d for 40 pages (due to its very high content of American superhero strips), a cover price which forced "Fantastic" to close within 18 months. "Terrific", having the same high content of American material, also had a high cover price of 9d, and closed even quicker.
In contrast, the comics "The Dandy" and "The Beano" published by rival DC Thomson, sold at a cover price of 3d. "Fantastic!" and "Terrific!" cost three times as much, which (even with double the number of pages compared to many DC Thomson titles) proved unsustainable. This is not surprising, given that "Wham!" and "Pow!" each peaked at a cover price of 7d, and even that proved unsustainable.
"Smash!" had launched in February 1966 with a cover price of 7d for 24 pages. By March 1969, although its cover price had not changed, circumstances had conspired to increase its page count, such that each issue now contained 36 pages. In fact the page-count jumped overnight from 24 to 36 pages (a fifty percent increase), with a consequent sharp rise in production costs, and so a marked decline in profit-per-copy.
The tipping point was "Smash!" issue #144, in which "Smash!", "Pow!", and "Fantastic" were merged into a single title. The recently created "Smash and Pow" lost its "Daredevil" and "Spider-Man" strips, which together had comprised a full third of each 24-page issue, but now had to accommodate both "Thor" and "Fantastic Four" from the discontinued titles, plus a whole slew of new British adventure strips (which were being added in preparation for the comic's impending transition to solely-British content).
All this could not be achieved within the standard "Smash!" format of 24 pages. So IPC now "bit the bullet" and increased the page count, at a single bound, by fifty percent – a necessity if they were to achieve their intention of reproducing with "Smash!" the successful formula which was buoying-up sales of their most popular titles, "Lion" and "Valiant", both of which were 36-pagers (in effect, to produce another clone of them: an identical mix of adventure and humour, with an identical page count, at an identical price).
One fundamental difficulty for the Power Comics line, however, was always the stark economic truth that a kid could buy both "The Dandy" and "The Beano", at 3d each, and still have change left over, for what it cost to buy "Smash!", "Wham!" or "Pow!" at 7d each. However, the DC Thomson titles only had 16 pages, and this more than anything drove up the page count in "Smash!", from its original 24 to 36 pages, and eventually to 40 pages in 1970 (i.e. it might be more than double the price of a DC Thomson title but it was also more than double the size). The difficulty was that the much lower price of "The Dandy" and "The Beano" gave those titles a significant advantage, since a kid could choose to buy only one of them, at 3d – a winning competitive advantage which, as of 1966, would keep both of the DC Thomson titles afloat for more than 30 years to come.
The highly competitive nature of the UK's publishing industry meant margins were thin: a minimum number of sales each week were needed to reach break-even point, and the lower the cover price, the greater was the number of sales needed to reach that point; but the higher the cover price, the fewer were the number of sales that could actually be achieved.
The juvenile readers (or their parents) might be able to afford two or three comics a week, but by publishing five Power Comics titles, IPC were pricing themselves out of the market. (The situation in Britain was not like that in America, where, with comics published just once a month, a child might afford five titles; in Britain, comics were published weekly.)
Under those conditions the Power Comics were effectively competing with each other – a factor IPC were certainly aware of, as the letters pages in "Smash!" in 1968 actually carried readers' complaints that they couldn't afford all five Power titles. The five together cost an astonishing three shillings and threepence a week (39d), to buy them all, far beyond the reach of the average child's weekly pocket money.
The Power Comics titles were also competing with IPC's other titles, including "Lion", "Valiant", and "Buster", potentially dragging the group's entire line into bankruptcy. Rationalisation, by closing some of the titles, would produce an overall benefit, as it would dramatically cut IPC's production costs. Although it would mean fewer titles, as IPC's comics were actually competing against each other it ought to result in better sales for the survivors. In theory, there would be no overall loss of sales or revenue, provided readers switched from the closing titles to surviving IPC ones (rather than to rival DC Thomson ones).
Distribution of Marvel Comics in the UK.
Another factor Odhams had not anticipated was the distribution of American comic books within the UK. Although this had always been a consideration, the volume of such comics arriving in Britain had traditionally been small, and their distribution haphazard. In 1968, distribution and quantity suddenly underwent a marked improvement: in America, Marvel Comics' owner, Martin Goodman, pulled off a business coup that overnight freed Marvel from a restrictive distribution agreement, which for a decade had limited it to publishing only 8 titles a month: Marvel was suddenly quadrupling its monthly output, and dozens of new titles were flooding into Britain. Odhams' black-and-white Marvel reprints in their Power Comics range suddenly faced much more extensive competition from four-colour Marvel originals, and this began to harm sales.
In the turbulent economic conditions, any part of IPC's business that was loss-making had no future. Standard industry practice was to close a comic or magazine if its revenues dipped towards the break-even point; publishers did not wait for a title to actually incur losses. Hence, merely to anticipate losses on the other four titles ("Pow!", "Wham!", "Fantastic" and "Terrific") was enough to doom them. And the closures represented a major cost-cutting exercise, reducing the ongoing production costs on the Power Comics line by four-fifths.
As for actual losses incurred due to the sudden and unexpected nature of the problem, and the inability to quickly terminate the long-term licensing contracts with the Americans, "Smash!" as sole survivor couldn't hope to generate enough income on its own to meet these. In fact, it didn't need to. The fortunate circumstance that the Power Comics were all published by Odhams Press Ltd, a subsidiary company with limited liability, meant that it was possible to ring-fence all debts on the Odhams publications within that one company, thus preventing any losses affecting the rest of the IPC Group (since IPC's other titles were all published by other IPC subsidiaries). Accordingly, with effect from 1 January 1969 "Smash!" was transferred to IPC Magazines Ltd, a new IPC subsidiary formed during 1968, leaving Odhams with no continuing titles, and "Smash!" started again from scratch.