The Complete History of Teenage Mutant Ninja Turtles
J Thoendell stashed this in Film
In March 1984, Eastman and Laird created a new company, Mirage Studios, so named because there was no actual studio other than Laird’s living room. Then, Eastman used his $500 tax return, Laird emptied his bank account of $200, and they borrowed $1300 from Eastman’s uncle to print 3,000 copies of their first comic book, Teenage Mutant Ninja Turtles. After printing costs, they had just enough money left to run an ad in Comics Buyer’s Guide Magazine, an industry publication.
Thanks to that one ad, comic distributors across the country started calling, and Mirage sold all 3,000 copies within a few weeks. With more orders coming in, they printed another 6,000 copies and easily sold through those, too. By May, they’d made enough money to pay back Eastman’s uncle and split a roughly $200 profit.