Diamond Comics Distributors filed for Chapter 11 bankruptcy protection today. They also announced that they were selling off pieces of their large company - Alliance Games and Diamond UK were two mentioned today with others likely to happen soon.
What does this mean for the comic book business? Hard to tell for sure. Diamond has been losing pieces of the distribution business for the last five years and right now they're a comparatively minor player in the game. However, when it comes to small press comics Diamond is one of the few viable nationwide distribution options.
Remember that a Chapter 11 filing indicates an intent for the business to continue after a reorganization.
Replies
From the folks who publish Alley Oop:
"And so's you know, yes, the Diamond bankruptcy has been an unfortunate whack. They've stiffed me for about $25,000 altogether. Fortunately, though, this project can weather the loss; the remaining Oop books are all fully capitalized. They will all be printed and you will receive your order! And, also on the plus side, as long as the Graue books all eventually sell through then I should be able to recover most or all of that loss."
Diamond 'Previews' magazine is kaput
Dynamite files motion to force Diamond to pay invoices
Currently exclusive to Diamond, Dynamite will go with Lunar as well beginning July 9.
IDW not going anywhere ... for at least a year
A competitor to Amazon's comiXology has been created by the former creators of comiXology and has signed Marvel and DC already.
Canada's Universal Distribution to distribute DC Comics (although it does not appear to be exclusive).
Is Ad Populum 'playing chicken with idiots'?
Ugh...
Headline from the Daily Bugle: "Comic Books: Dying or Moribund?"
It's Spider-Man's fault!
-
10
-
11
-
12
-
13
-
14
of 14 Next