Forum - View topicNEWS: Diamond Comic Distributors Files Chapter 11 Bankruptcy
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mdo7
 Posts: 6650 Location: Katy, Texas, USA |
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I don't know what to say or how to react to this, is this something we anime/manga fans have to worry about?
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BodaciousSpacePirate
 Subscriber Posts: 3023 |
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Maybe 20 years ago. These days, the writing has been on the wall for them for so long, that I’m sure any manga publishers still working with them already have plans in place. |
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Beatdigga
 Posts: 4652 Location: New York |
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Yeah, this is more an emotional shock than something that will drastically affect supply chains as Penguin and other distributors have already taken the majority of Diamond’s business.
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Blanchimont
 Posts: 3608 Location: Finland |
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Isn't this the same one that held near-monopoly on comic and graphic novel distribution a decade or so ago? What happened?
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BodaciousSpacePirate
Subscriber Posts: 3023 |
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I’m sure there were a bunch of factors, but their biggest problem was that, in 2020-2021, both DC and Marvel switched from Diamond to Penguin Random House for their graphic novel distribution. |
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R. Kasahara
 Posts: 713 |
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Not really. Diamond's primary customer base is comic book stores, and afaik, most print manga sales are done through bookstores. The big manga publishers also have major publishing houses as distributors, so in short, they'll be fine. Smaller publishers may be in trouble, though.
Many big name publishers (including Marvel and DC!) no longer do business with Diamond. There's some more info here. |
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CelticMutt
Posts: 71 |
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Pretty much this. The short version is during COVID Diamond stopped all distribution of physical comics for months, which seriously hurt all the major comics publishers. And IIRC, they did it without warning any of the publishers ahead of time. Diamond resumed distribution eventually, but by then it didn't matter because they had already lost the trust of the publishers, with all of them eventually canceling their former exclusivity contracts. |
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Triltaison
 Posts: 805 |
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Huh. This is just kinda baffling, considering I remember the Heroes World kerfuffle and their ties with the LPC Group bankruptcy that rocked the '00s and about killed Dark Horse at the time.
Kinda weird how much their influence has changed. I'm not actually sure who their big publishing companies are anymore after Marvel and DC and everyone jumped ship a bit ago. |
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mdo7
Posts: 6650 Location: Katy, Texas, USA |
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Speaking of comic book stores, they also sell manga there too, so if some niche manga titles from a smaller publishers like let say Alien Book, or Titan comics are effected by the Diamond Comic Publishers chapter 11, that's going to seriously effect whoever read niche or not mainstream manga titles (unless those readers had a library card and are able to read these niche manga titles on Hoopla or Libby online). |
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Alan45
 Village Elder Posts: 10058 Location: Virginia |
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The big loss is that the Diamond Previews catalog will go away. Every month they put out a catalog of all the comics coming out in two or three months. This has a separate manga section that lists upcoming books for all the publishers I'm familiar with. Each listing has a cover shot and a brief blurb. Having this all in one place makes it easy to preorder anything that looks interesting. If that goes away or stops listing all the publishers it will be a royal pain trying to find what is coming out.
Well, that and since I pay in advance when I preorder each month I get a 30% discount on MSRP. I've been doing that for the last 27 years. |
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Egan Loo
Posts: 1366 |
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Despite Diamond' diminishing presence as a distributor, this is affecting anime, manga, and game companies. Diamond's second largest unsecured creditor is Bandai, with Diamond owing US$4,348,743. Diamond also owes money to the following companies: Bandai Namco Toys & Collectibles (listed separately): US$576,072 Viz Media: US$421,205. Square Enix: US$314.296 The Pokemon Company International: US$280,375 Udon Entertainment: $202,694 There are likely more companies with links to Japan -- Diamond's recent filed bankruptcy petition only lists the top 30 unsecured creditors. https://icv2.com/articles/news/view/58619/penguin-random-house-is-diamonds-largest-unsecured-creditor |
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Alan45
Village Elder Posts: 10058 Location: Virginia |
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The first unsecured creditor listed in that article is Penguin Random House. They currently distribute Seven Seas, Kodansha (including Vertical) Titan and Dark Horse. Possibly others
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AiddonValentine
 Posts: 2371 |
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I know DC cut off their distribution deal with Diamond a few years ago, but it is still pretty wild to see them get hit with Chapter 11.
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Sakagami Tomoyo
 Posts: 950 Location: Melbourne, VIC, Australia |
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Well for one thing, they're actually kinda terrible at distributing comics and graphic novels.
The amount of manga distributed by Diamond isn't insignificant though, so it will have an impact. Maybe not enough to drive any manga publishers under, but probably still enough to be painful. |
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TarsTarkas
 Posts: 5980 Location: Virginia, United States |
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If you buy your manga at book stores or online, I don't think you will be affected.
Those that buy at comic book stores will be though. To what degree who knows. Alan45 is right about Diamond Previews. That was an incredible perk to know when things were coming out months in advance. Especially important, if you were getting limited edition comics, or those specialty covers that are purposefully limited in availability. Not to mention the hit to independent comics that this will have. Diamond Previews provided them a place to be seen as existing, right next to the big names. All in one place. Nothing beats that. Diamond Previews did not only show books, GN, comics, and manga, but showcased Japanese Anime magazines, many other types of magazines, board games, figurines, including anime figurines and anime merchandise. For several years I ordered New Type magazine, Megami magazine, and Megami Deluxe magazine from my local comic book store using the Diamond Previews catalogs. Megami always had these multiple two page spreads of original scenes from our favorite anime, and many others. Along with current news and other items. Lot of it was full color. |
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