Their oversized Marvel Legends and fake minifigs have finally done them in. I think I'll go celebrate
No one buys comics anymore. It's unironically over.
They are only selling their video game stuff and closing main branch guys! >>11297235Their problem wasnt selling the comics, it was delivering them on time. Funny thing is, ive been thinking of moving back closer to my mom and thought id see if they were hiring in ms. Never mind now.
I wonder if they'll be able to get out of it, or if by the time chapter 11 is up they'll be finished. If no one carries this someone new will have to rise up or a lot of products, including imports, likely won't make their way to a lot of retailers any more. Here's the context if you're interested in more than a headline:"Diamond Comic Distributors has filed for reorganization under Chapter 11 bankruptcy; Universal Distribution has agreed to acquire Diamond UK and has submitted a stalking horse bid for Alliance Game Distributors. Under Chapter 11 bankruptcy, the company receives protection from its creditors and continues to operate while it attempts to restructure its business. JP Morgan Chase has agreed to provide up to $41 million in debtor-in-possession financing to support Diamond’s operations during the reorganization period.The company cited the loss of many of its major publisher clients, post-pandemic declines in sales and increases in costs as reasons for the filing. Diamond and a company associated with Canada-based Universal Distribution have signed a non-binding letter of intent for Universal to acquire Diamond UK. Universal has also submitted a stalking horse bid for Diamond’s game distribution unit, Alliance Game Distributors, for $39 million. A stalking horse bid is typically made to set a price floor before an auction for the asset, with the bidder to receive a break-up fee if it does not end up acquiring the asset. Diamond is also in active talks to sell its other operating units, including its core comic, toy, and collectible distribution business; Diamond Book Distributors; Collectible Grading Authority; and Diamond Select Toys."
>>11297296>one carries this someone new will have to rise up or a lot of products, including imports, liExcuse me? Diamond doesn't matter and is easily replaceable
>>11297296Chapter 11 exists so fuckery can be done to squeeze money out of it.
How bad will this be for their sales on Marvel Selects given that people will fear the line won't ever get to their desired characters?
>>11297487Based, fuck that shitty ass McFarlane scale.
>>11297306>Diamond doesn't matter and is easily replaceableI hope you're right, because all the little comic/toy/hobby shops around me use Diamond.
>>11297490How many sell manga?
>>11297296>"Diamond is also in active talks to sell its other operating units, including its core comic, toy, and collectible distribution business; Diamond Book Distributors; Collectible Grading Authority; and Diamond Select Toys."Inb4 McFarlane buys Marvel Select and we start getting 10x more releases per year with at least 1/4 of them being Spider-Man variants.
>>11297530McFarlane keeps winning
So, what's this mean for pre-orders? Only unreleased Marvel Select I was really looking forward to is Archangel, which has been delayed for a few months now(probably related to this). Though, I also really like their Avatar statue line and was glad they were finally making Sokka.
Didn't they say they are going to try to operate business as usual through this? Shouldn't this mean the upcoming toys at least for now likely won't be scrapped?
>>11297230>another 1/10 line diesfirst storm now diamond, hopefully this garbage scale dies soon!
>>11297626It was only a matter of time. The scale is too large--now that costs are huge factor in manufacturing, the larger steel molds required for 7 inch just doesn't make sense, especially when 6 is the preferred scale of collectors.
>>11297626Storm didn’t die retard
>>11297664Not him but Storm is moving to true 1/12th scale, there was announcement awhile ago
Yaaaaa!!!! Soon there will be fewer choices for us!
>>11297724/toy/ never thinks logically or economically. They just want to see lines they dislike destroyed.
>>11297755
>>11297490My LCS had to start buying from other distributors when Diamond shut down during the plandemic. I think it was DC that split off first? At any rate, they order through half a dozen or so. It's sort of a revolving door from month to month, though, because none of them are, you know, particularly competent. They take regular monthly orders, deliver a portion of it, and the rest is on silent backorder forever.They still carry the Diamond Previews magazine but I can't figure out why. It's been almost 10 years since something I ordered through it was actually delivered. Hasbro, Mattel, Bandai, Jada, even Diamond themselves, orders just vanish into the void and are never filled. I think the last thing I actually received was a 1:6 Jack O'Neill from Stargate. So, yeah, it's been awhile. Even before that it was hit and miss - you'd order one ML wave and receive another, for instance.In the grand scheme of things, really makes you wonder about businesses in this country. They can't even do basic operations without 3rd world slave labor and government bailouts. What fuckups.
I've been enjoying their LOTR and Muppets figures among a few other things. RIP if true.
>>11297296too many word make brain hurt. what does this mean for marvel select and comics?
>>11297876As far as they've said, nothing has been canceled yet.Basically, they want to continue pretending everything is completely normal (bankrupcy protection), while seeking to sell everything off, to try and lessen what they owe.They've already sold off a few pieces of their company, to pay/shave off their debts and hope that low bids for other parts of their company will make their debt holders renegotiate what is owed. so them selling off their comic and toy distribution is just them a negotiation tactic.Other companies that have gone into Chapter 11 bankruptcy: GM, Apple, Marvel, Six Flags, and more who grew their business again.Who knows how bad it is for Diamond though, but at least it isn't chapter 7 bankruptcy (basically going out of business).
>>11297622I story i read said operate as usual but there were no specifics or details beyond that. I think this is just the normal circle jerk reaction when something bad happens. Ill say this about the current comic book landscape, $5 a copy a month is insane.
>>11297917Chapter 11 *can* be used for restructuring, but in most cases it exists so (((some people))) can plunder the treasury
>>11298251This. After ((they)) sort out what's left to steal, they'll make the "difficult decision" to file chapter 7.
>>11298243>$5 a copy a month is insane.Yes, they used to be only ten cents a copy. Reeee!>>11297876>what does this mean for marvel select Zach Oat, company rep for the toy division, said many releases are "in flux" on facebook. They have so many delayed preorders, there were surely deep problems before this announcement. >and comics?Not much? All of the BIG publishers switched to other distributors after covid 2 years ago. Diamond was going bankrupt because they lost ALL of the big accounts, nobody (of note) was really using them any more.
>>11298369>>$5 a copy a month is insane.>Yes, they used to be only ten cents a copy. Reeee!It's not the price, it's the value. When comics were a dime, they were five times as long and often contained a complete story or at least half of one. Now it's like eight pages of the comic equivalent of Goku and Frieza grunting back and forth to charge their power levels. And the art, God, the _media_ quality is higher (full color, not newsprint) but it's so dull because they keep hiring based on DEI rather than talent.I don't have many subscriptions going because they've cancelled so much. But one I do get is the Skybound TF book. It's difficult to track the story because the art is so horrendous. That and not getting enough books to make a monthly trip to the comic shop worthwhile. So I'm trying to catch up 2-3 issues at a time, _if_ I got all of them because whatever distributor didn't shit the bed again and short random issues.What a shitshow everything is anymore.
>>11298516>It's difficult to track the story because the art is so horrendousThank god Im not alone. Im pretty new to comics, only started when Void Rivals and the whole Energon Universe launched because I wanted to read the TF books.Every fucking issue is full of the Writers and Fans in the letter section jerking off how AMAZING AND AWESOME AND COOL the art was this issue when its so fucking atroiciously messy I CANNOT follow the action in 7/10 panels. Im losing my mind thinking that Im missing something or I dont get it, but no. Its just ass. I'm not some old ass boomer who cant see and is complaining about new artists and 'they don't do it like they used to.' I'm literally 24, Don't need glasses and a gamer Like its not that my eyes have issues or difficulty telling things apart. The art is just fucking trash, Messy, horrible, shit.
>>11297235>>11297244They lost Marvel and DC to Penguin years ago so it was only a matter of time. They've been notoriously shit to work with for decades and played a large part in why the US comic market is so fucked these days, being banished to specialty shops because no big box store wants to put up with them.
>>11297663and you're missing out on a gigantic audience when you make 1/10th figures instead of 1/12why do you think ross/marshalls are filled with diamond select and mcfarlane figures? entire waves even
>>11299054You just outed yourself. Diamond Select's don't end up at Ross because they go to comic shops. Nor do they come out in waves.
>>11298251I don't know much about modern Diamond, but if there's any oldfags there still, they're too much of fanboys and wanting to be influencial to just leave the industry like that.They're a private company, so they don't even have outside pressure to leave. Maybe a spoiled child or three will want to cash out once enough old farts die, but are they at that point yet?>>11297663>The scale is too large--now that costs are huge factor in manufacturing, the larger steel molds required for 7 inch just doesn't make sense, especially when 6 is the preferred scale of collectors.First off, the inch difference is so neglibible that it costs almost nothing. This is why tiny companies started doing it in the first place, because for maybe .026¢ more you get a figure that's noticeably larger on the shelf.Second, the marketing for 1/10 scale is that bigger figures can be more detailed. True in theory, but no one actually put more detail into their figures just because they were bigger.Molds only really start costing more when you can no longer fit the same amount of pieces per mold. Remember how McFarlane was so proud he was in gettnig that Doomsday figure to fit inside packaging of a normal figure's wave? So ~8" is the max a figure can be before it actually starts costing more to produce than a 6" figure. And McFarlane Toys is barely big enough to be even considerd a medium sized company.So if they have the budget to do it for children toys, it shows how negligible the costs are to do 1/10No doubt, if 1/10 ever becomes expensive, it'll be because of the fuel costs to ship that extra mass. Nothing to do with the production.
>>11298900Depends on the series, I think TF is pretty readable and has cool scenes. But in general western capeshit is bad at paneling and action yeah. They try to make cool looking snapshots of action instead of giving you the flow. Manga industry has obliterated them outside of stuff for young kids like dogman.
>>11301540I think the series is pretty incredible. I read a fair few comics and this is always one I'm looking forward to. It definitely helps that it's TF, but it's a pretty exciting series with very dynamic action.
>>11297626I was indifferent at first but you are right and based anon! Fuck this gay scale. Billions must stick to 6 inch.
>>11297230>Can't differentiate between the distribution side and the toy sideYeah, this board is full of retarded clowns
>>11298516>What a shitshow everything is anymore.Agreed, and its fucking sad. Even when Sailing The High Seas (yarrrr!) I can't even read the modern shit for free.
>>11297663>>11299054>>11299191What the hell are you guys even blathering about??? Hasbro has the license locked for 1/12, Diamond literally cannot legally make 1/12. Pontificating and navel gazing so hard is literally stupid and pointless. And most of their selections have been larger characters that fit in with 1/12 without looking out of place, like The Watcher. You dumbasses are rattling your sabres at nothing, its sad.
>>11297235I buy comics. They're from over 30 years ago, but I buy them. Make good new comics and I'll buy them.
>>11301827There's no license for "1:12", hence companies like Bandai and Mafex making 6" figures.What Diamond has a license for are adult collector figures. Not 1:10.Pic is Hasbro's license with Marvel, that states what Hasbro is allowed and isn't allowed to make, and specifically mentions Diamond's license.
