The Diamond Effect continues…
Image is in trouble.
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Well, layoffs happen. Is it really the Diamond effect, or are other economic factors as play (or contributing)?
Could also be due to downsizing, maybe combining roles for people if there wasn’t enough work to justify 2 people for a scope of work.
Who knows. But I would not say they are in trouble. Not without more details or other collateral being announced.
I receive email press releases from Cat at Image. But I also get them from someone else there too. Seems she may have been redundant
Fantagraphics having a site wide 30% off sale to raise money to fight these crooks in court. Diamond is selling over 1 million dollars worth of Fantagraphics inventory that they have on consignment and not paying a penny to the company.
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Diamond isn’t supposed to be selling anything on consignment. There was a hearing in Baltimore recently over this and diamond claimed it wasn’t them.
What I’ve learned in my experiences is once a company/business declares bankruptcy, if they have anything of yours in their possession you are not getting it back….and you are not getting compensated.
Thats why you get the f out of bed with them the moment you suspect a problem.
It’s the business equivalent of a messy divorce.
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I bought a pile of IDW ratios a few weeks ago from the Diamond site… someone is selling back issues over there.
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Fantagraphics has some hardcover reprints of classic EC stories by some great famous authors like Ray Bradbury. I’m a big fan of Bradbury’s so I just ordered a few of them. I’d never heard of them before but it looks like they have some neat stuff for sale.
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How did they get around the injunction? Also, the list is so long it cracks me up the browser estimates it’ll take 378 minutes to read it.
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Awesome. Now retailers can buy back their consignment items…what are they complaining about!!
There seems to be some sonic retailer incentive books.
Lots of ratios for $1. One of those times I wish I had access to an account.
ordered a couple hundred ratios this afternoon… not much of the good stuff left, but still some decent books.
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Un-fuking-real
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Do you guys remember a couple of years ago when Steve Geppi was everywhere telling everyone that “our comeback will be bigger than our setback”?
Lol, nope.
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What I don’t get is all the “buy now, pay later” type of dealings that apparently were going on between publishers, Diamond and then even retailers it seems. It’s bad for business if you start running your companies on credit for goods before they’re actually sold to the intended audience or consumer.
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Following the whole bankruptcy and resulting clusterf$%* has been highly entertaining but I feel bad for all the employees, comic stores and publishers caught in the crossfire. I’m mostly baffled at how they can basically hold all publishers’ stock hostage while still selling it to pay off their own debts. Classy move and somehow legal. Just wow.
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Gotta read the fine prints when creating business partners. I’m sure it’s all there and someone dropped the ball… But in the end, bankruptcy just protects the business to get their shit together… there is a specific time, after time is up, everyone else owed money can start going after them again, if they choose to.
Diamond has nothing to lose either way, they’re in the best position probably. We’re going down anyways so might as well just fight fight fight the whole way…