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Comics folk react to … the former in the Diamond Comics bankruptcy madnesses
Article Summary
The Diamond Comic Distributors bankruptcy situation remove the court again today . And while we are await to regain out what , if anything , materialize , here ’s some response from comic book retailers , publishers , creators , collectors , readers , and Diamond employees themselves of case over late days … you’re able to utilise theseDiamondandbankruptcytags to keep up with the latest on Bleeding Cool .
Cliff Biggerswrites " For those of you keeping up with the whole Diamond Comics Distributors bankruptcy : this afternoon , Alliance Entertainment ( the company that won the failure auction ) withdrew their bid . Presuming that Universal Distribution / Ad Populum still experience that their bid is viable , they will most likely become the new owners of Diamond Comics Distribution . I ’m actually happier if it does turn out like this – but I also know that nothing is sealed until the defrayment is made the papers are filed … . Five thing we ’re gon na drop when Diamond is get going : "
Ben Dunn:“As the chaos envelopes the direct mirthful industry with Diamond being in the nub of it all I excogitate the future guidance of it all . On the open this seems like a regardless mistake but I am not so sure . Things like this seem to me extremely suspect . What is the end game in all this ? Who do good from actions like this ? There ’s a older saying " come the money " . Meanwhile Diamond declare " occupation as common " . This kind of statement with the actions being taken causes question and mix-up . Two things that are not good for commercial enterprise . What is take now is pellucidity and predictability and we do not have that at the present . What does this mean for AP ? Well , we demand our lector , fans , athletic supporter and Maker now more than ever . We can not bank on the direct food market only any longer . We must inflate into other areas to get our product out and into the hand of our client . We are attempting to find other allocator but it is becoming more and more obvious verbatim to consumer and digital are becoming the new average . As we voyage to the newfangled dynamic we go for that you will proceed to support our endeavors and we will do everything we can to maintain your religion in us . "
Jill:“Diamond was supposed to have an all - hand township Asaph Hall yesterday afternoon . Chuck Parker cancelled it about an minute before it was to begin . " Thank you for your continued solitaire , " his e-mail concluded . [ Chuck Parker is the Exec VP and COO at Diamond , and the man whoannounced the bankruptcy in the first space – Rich ] Patience has hold out thinly , Chuck . This is a company full of nervous , nervous , terrified employees who are finding out through the comedian medium what ’s befall with their company and their time to come and not from you and the troupe . The news about the filing to convert to Chapter 7 and pay off the company broke before the workday ended yesterday . It was n’t turn to officially until an electronic mail at 11:22 last Nox . The clock is running on an official acknowledgment of this young Alliance cause . I am not hold my hint . The first time anything prescribed was said about the purchase after the auction was a faint email that went out when Diamond made the move to go with the backup bidders . There ’s a want of leadership . There ’s a lack of communicating . There ’s a deficiency of candor . It ’s appalling and it ’s disrespectful . Were I a cynic , I would think that all the positive and hopeful vibes we ’ve had since January , specially from Robert Gorin , were aimed at one thing and one thing only – to keep valuable , irreplacable employees from jumping ship as Diamond sinks beneath the waves . Give them a bite of hope , paint a flushed motion-picture show of the bankruptcy process , keep them distracted , run out the clock . Anyone at Diamond who has holiday or sick leave bank at this point should cauterise it . Just call out sick every twenty-four hours until this stupefied drama finish . prioritise your genial wellness . So what if the work does n’t get done ? It ’s not our trouble . This is the style Diamond ends – play stupid games . "
Dennis L Barger Jr : " Holy fuqballs some muthafuqqas are always trying to ice skate uphill . Fire the intact promontory office now ! ! ! … they ’re doing what baseball diamond upper management always does … snatch licking from the jaw of victory "
Louis Bright - Raven:“According to Matthew Cheney , the trustee superintend the Diamond Bankruptcy auditory sense , Diamond has not filed any Monthly operate Reports since the case begin . " Monthly Operating Reports for January , February and March ( 2025 ) are now outstanding and overdue . " This alone could have been just cause for Alliance to withdraw their leverage bid , because legally , Diamond is want to release that information to them via the court prior to purchase . Cheney also has also filed to change this to a Chapter 7 ( " Final decease " / Unprotected Bankruptcy ) , or to brush aside the bankruptcy entirely . Simply put , this is BAD , common people . “Does that imply Alliance is back in the mix ? " Possibly , dependent upon what the court want to allow . Switching over to Chapter 7 technically reset the game display panel to a level of degree , and that could theoretically allow Alliance a reset of their own . “What about the Universal / Ad Populum deal ? " Allegedly still on the tabular array , but it seems to me that Cheney has reservations about it , otherwise he would not have charge for the switching to Chapter 7 . I am getting the sense that Cheney is getting fed up with Diamond ’s antics and wanted this settle with Alliance weeks ago . " Is he abusing his authority as Trustee ? " I do n’t remember so . .“Well what if they go ahead the UAP Bid ? " I in person do not see a healthy path of acquisition through Universal / Ad Populum . I do n’t see where they have the asset or external mean to expand the distribution net beyond the so call " Comics Specialty Store " market . And IMO , this is what is require both for Diamond ’s financial stableness as a distributer moving forward AND more importantly for the publishers they function . The Direct Comics Retail Market has proven to be greatly diminished in scurf over the preceding three ten and there are cognise to be a considerable part of the mathematical group who are in dire debt back to Diamond / the Publishers themselves . Alliance has those resources and retailer connection outside of the DM , and could have , pass the time to properly value things , shape with the right people built a proper mannikin to get comic strip back into the " mainstream " , which in twist would then be used as a stage of marketing to direct client back to the speciality storage . It is gooselike to seek to keep thing " business as usual " . We demand to course correct the market . But it can not be done overnight . We ca n’t just come in with a Death Ray and disembarrass ourselves of the problems this manufacture is presently face . "
Shane Chebsey:“Oh bloody snake pit . What are they doing ? ? They had a buyer that could have save all those Job . This is a disaster . Especially for indy publishers who have no where else to go "
Ryan Beauchamp : " is it out of bounds for me to be kinda check that Nick Barrucci sticks with them this long after all this with little thought of retail merchant or customers . Half the Dynamite stuff and nonsense I order arrives damaged . The rest not a trouble because they leave for other distros(obviously not everlasting either ) At least my stuff comes on time , undamaged and I get actual acknowledgment or replacements for the few harm I get "
David Harper : This Diamond bankruptcy saga is the drunkest matter that has happened in my 16 years of write about funnies and it is not unaired .
Erik C. Jones:“Again . As a retail merchant , I would get it on ANY variety of contact from Diamond . We got an email about the initial bankruptcy and an e-mail about duty this calendar week . EVERY affair I have it away about this billet is via news situation and fucking societal media . "
Jack Norris : " Pondered doing a legal analysis of the tell return in this Diamond Distribution bankruptcy fiasco but not indisputable I ’ve got a sound mind to plunge into rich people entitled try on to fail upwards terrible at the moment . But its bad , y' all . This is not a good way to even ruin a party . "
Skye Kilaen:“I doubt anyone follow me is following the Diamond Comics bankruptcy saga and even if you are , that you will see this , but OH MY GOD WHAT THE HELL why is this such a MESS ? Scripture I preordered as far back as July 2024 that were pubbed in October 2024 are still not at my LCS ! & I do n’t blame Viz ! "
Nic Anstett:“Every bit of news about the Diamond Comic Distributors flop gives me so much schadenfreude . They should honestly be studied for not only stifle - crest the comics industry for decades but also being an example for the consequences of lazy , exploitative capitalism . "
Erik Missio:“For twelvemonth , but maybe not much longer , it ’s been a monthly pleasure to painstakingly go through the Diamond Previews catalogue and calculate out what I ’d like my local comics shop ( all herald the Beguiling ) to bring in just for lil ' ol’me . And also rubberneck at the wreckage . "
Johanna Taylor:“Why are thing always survive so weird over at baseball field , we just wanna print comics . "
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