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Fables comic series is now in the public domain
(billwillingham.substack.com)
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That's not how it works. The work is still protected by the original agreements. It would be like me selling you rights to something and then giving them away, so you bought nothing. What happened here is that now you, me or anyone else can make a comics with Fables characters, use their design and no one can sue you.
So if you want to draw the next comic with Bigby and Snow White, you can! And you can sell it and DC can go suck a dick.
It's important to note that DC have denied that Willingham can do this, so the first person who tries to take advantage is going to get sued. That alone is probably enough to scare off most people, regardless of who is technically in the right. We'll see how this goes.
He has denied their denial.
It will be interesting to see how this all plays out in the end