send in : strip , Comics Publishers , Current News , Titan| Tagged : failure , baseball diamond , forbidden planet
The 2024 contract between Titan and Diamond Comic Distributors , reveal , including for Free Comic Book Day
sooner today , Bleeding Cool face at fresh sound papers being filed by Titan Comics , try out to clear up their relationship with Diamond Comic Distributors in the Wake Island of Chapter 11 bankruptcy , claiming concern for themselves and comic book retailers , as the next round of solicits and ordination are due . However , as part of the paperwork , we also get to see their January 2024 distribution arrangement with Diamond . And this may be the first time such a contract has been made public in such a fashion . We teach the following obligations from Diamond to Titan , and really get to see how some of the blimp is made . Who decides which publishing house gets a Diamond Previews cover or which product is assigned a Diamond Gem ? Well , it is credibly how you thought it might be . Mostly .
Ooh , that last one is travel to burn some other FCBD participant . But commemorate , this contract was signed in January 2024 , after a mess of publishing company had leave Diamond and more were about to , which instantly led to the distributors ' bankruptcy . The contract states that the contract can be terminated if " Either Buyer or Seller files a petition in bankruptcy , is decide a bankrupt " and that " vender will remove at its own expense all Products held on consignment ( " Inventory " ) from Buyer ’s distribution center ; unless Buyer has chosen to betray or remainder this Inventory to offset amounts due from Seller to Buyer . " And " All Products are to be held by Buyer on consignment , and remain the property of Seller until sell by Seller through Buyer . "
We also learn some received statistical distribution terms . For returnable items , payment can be held for up to 120 days from receipt of goods , and a processing fee of $ 100 has to be devote on top . detail received by Diamond without a valid scannable measure code may be either returned to Titan , or assessed a $ 150 processing fee , and an additional 20 cents per piece fee charged to bear for them being stickered , they may be delayed for three week and will be made returnable , with the additional toll that entail . The filing reveals that Diamond Comic Distributors had a 60 % price reduction on Titan cover damage for point butthat Titan get an extra 1 % back on what Diamond sells , between two and three million buck a year .
Any incentive items must ship within 30 days of the payload of the qualifying items , or they ’ll all be returnable and the costs will be passed onto Titan . belated products are subject to a $ 150 late fee . And all items that are link up to vacation or other metier events must send at least twenty - one days prior , or they will be offset or made returnable . One may be able to infer that similar terms may be applicable to other publishers . Or mayhap they have terminus that were worse …
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