« Home | Some disturbing and offensive panels from Gerard J... » | Al Ewing continues to denigrate the Hulk » | Indiana Gazette runs the gauntlet of glorifying pi... » | Newsarama refers to Black Widow as a "cipher" » | Monthly pamphlets should've always been returnable... » | Gail Simone wants a Marvel/DC crossover written by... » | Roman Arambula, RIP » | Entertainment Weekly offers free look at Sitterson... » | What historically led to the collapse of distribut... » | Wolverine kills Jean Grey in new solo book, just b... » 

Thursday, April 02, 2020 

More signs all may not be well for Diamond distribution

According to this Hollywood Reporter item, Diamond's holding back payments:
Should Diamond Comics Distributors fail, the impact it could have on the industry would be catastrophic.

The fallout of the comic book industry shutdown in the wake of the coronavirus pandemic continues with the news that Diamond Comics Distributors will be withholding payments this week in the light of cash flow problems.

"The unfortunate truth is that we are no longer receiving consistent payments from our customers," Stan Heidmann, president of Diamond parent company Geppi Family Enterprises, explained in a letter to venders, which include comics publishers and pop culture manufacturers of toys. "This requires that at this time, we hold payments to vendors previously scheduled to release this week. This is a difficult decision and not one we make lightly.”
The impact wouldn't be such a fiasco if, for the millionth time, the industry were to change from pamphlets to whole paperback and hardcover formats, if that's what'll persuade ordinary distributors to handle their shipments, but so long as they won't make a public statement about it, we can't assume they're actually considering it. The article also mentions something DC was going to do during the pandemic:
In its statement to retailers this weekend, DC suggested that it was already looking at alternative distribution possibilities, although it’s unclear if that was intended as a short-term option during Diamond’s temporary shutdown, or something more lasting.
It says they're going to make all their books over the next few months returnable. Not good enough. They have to be made always returnable, as I'd argued before. Mainly if any bad projects left over from the DiDio era remain on the slate, and are so awful nobody'll want to buy them. For example, any crossovers they had planned for this year, which we could do without, and left no artistic impact. It'll be interesting to see what effect the Coronavirus shutdown has on crossovers, because at a time when a lot of people are unable to work, it's certainly not like they can afford massive crossovers.

The crisis is bound to have some effect on the industry as a whole, and it remains to be seen how it'll affect Diamond by the end of the year.

Labels: , ,

About me

  • I'm Avi Green
  • From Jerusalem, Israel
  • I was born in Pennsylvania in 1974, and moved to Israel in 1983. I also enjoyed reading a lot of comics when I was young, the first being Fantastic Four. I maintain a strong belief in the public's right to knowledge and accuracy in facts. I like to think of myself as a conservative-style version of Clark Kent. I don't expect to be perfect at the job, but I do my best.
My profile

Archives

Links

  • avigreen2002@yahoo.com
  • Fansites I Created

  • Hawkfan
  • The Greatest Thing on Earth!
  • The Outer Observatory
  • Earth's Mightiest Heroines
  • The Co-Stars Primer
  • Comic book websites (open menu)

    Comic book weblogs (open menu)

    Writers and Artists (open menu)

    Video commentators (open menu)

    Miscellanous links (open menu)

  • W3 Counter stats
  • Click here to see website statistics
  • blog directory Bloggeries Blog Directory Entertainment Blogs
    Entertainment blog TopOfBlogs
    View My Stats Blog Directory & Search engine blog directory eXTReMe Tracker Locations of visitors to this page  

    This page is powered by Blogger. Isn't yours?

    make money online blogger templates

Older Posts Newer Posts

The Four Color Media Monitor is powered by Blogspot and Gecko & Fly.
No part of the content or the blog may be reproduced without prior written permission.
Join the Google Adsense program and learn how to make money online.