ICV2 owner Milton Griepp revealed that graphic novel sales in the U.S. and Canada reached $245 Million in 2005. According to his annual report, released yesterday at the New York Comic-Con, retail graphic novel sales grew by almost 18%: general bookstores sold $167 million and comics shops accounted for $78 million in sales. Manga growth is at 25% and most titles published were manga.
No word yet on what percentage of this business is Canadian.