Posted in : Bandai , Collectibles , Comics , Comics Publishers , Current News , Dark Horse Comics , Diamond Select Toys , Dynamite , Funko , Hasbro , IDW , Image , Marvel Comics , McFarlane miniature , Titan| Tagged : diamond , Penguin
The top thirty companies Diamond owed money to when it live on belly-up , from Penguin to Bandai , Todd McFarlane to Hasbro , Funko to Udon
Article Summary
Yesterday , Bleeding Cool broke the news that Diamond Comic Distributors had declare bankruptcy , as well as detailson Diamond UK and Alliance Games Distribution being sold to Canadian party Universal Distribution . contract readings from across the industry , I stated that"from conversations I have had , we will be talking high eight figures at this point . " And that seems to have been justified by the follow inclination of creditor with the thirty high non - secured claims . That totals $ 31,745,394.39 , and with the long bum of the hundreds of publishers and trafficker that Diamond manage with , you’re able to expect that to double .
At the top is Penguin Random House , which subdistributes Marvel , Dark Horse and IDW to Diamond . This decision has protected those publishers from this debt but has stuck Penguin with the nine million buck debt . However , Lunar , which subdistributes Image to Diamond , is only on the crotchet for half a million . But below that are mostly toy companies , and probably down to the high price point . Something that has n’t been specified antecedently is that Diamond Select Toys & Collectibles , LLC has also declared failure . So Bandai , NEC , Kin Kin , Todd McFarlane , Disney and Hasbro are all major creditors , with over a million in debt each . The highest graphical novel publisher on the creditor listing is Simon & Schuster for six hundred thousand , with Viz Media at over four hundred thousand and comic book newspaper publisher Titan for three and a half hundred thousand . Dynamic Forces , include Dynamite Entertainment , are up for a quarter of a million , as are Udon Studios .
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