This week’s development:
•Prosperity! The studio will transfer its journal business to Penguin Book House faster than the plan. Prosperity is I bought from PRH last year and It was announced last month They will transfer journal comics and book distribution to PRH on July 1. Boom used to work with the comic store on the diamond and Simon & Schuster’s bookstore.
In a letter written by Boom Sales Vice President, Josh Hayes (Ironically, the shape of the diamond) announced that the PRH of the comic store will be produced earlier on April 1.
Today I am writing to some very important development of the distribution pattern and how they affect prosperity! studio. Although we previously announced that Boom left! The studio of diamond comic distributors will take effect from July 1st. In view of the recent industry development, we have decided to accelerate our direct market distribution to the timetable for Penguin Langdon Book House, which will take effect on April 1, 2025. This will ensure that we ensure that we can best support our retail partners and help you spend these market changes. We thank Diamond for many years of support, and we thank them very much for everything for us for many years.
As with any changes, there may be challenges, but we think that this change is necessary and crucial, so we urge to be patient in the process of our efforts to achieve this solution. In order to minimize interference, we will continue to provide our products in diamond previews, and provide Diamond through Diamond in other PRH distributors. We are currently working closely with the PRH comic team to align our schedule and will soon provide you with updates about these changes.
• Although most of the publishers processed by Diamond issued a few public declarations, large publishers announced that they will end exclusive transactions with Diamond on Facebook:
As most of our fans know, our exclusive publisher recently issued a press statement that we and others have filed a chapter 11 bankruptcy to reorganize their debt and sell assets. We were shocked to see the number of free debt for part of the bankruptcy application, including a large arrears of books that owed books transported in the fourth quarter of 2024.
These books were sold to retailers retailers. Diamonds collected these sales, but they never paid some of its income income. We paid thousands of dollars in part of our exclusive partnerships to printed and transported to diamonds ( Consignment diamond).
Yes, once the court approves the debt restructuring plan, we may one day receive money from the diamond, but the program may take more than a year, and we can only receive a small part of the debt.
Considering this, and our suggestions of warning our legal advisers, when we continue to operate in Chapter 11, we will continue to provide a lot of risks to the diamond with products. We decided to end the exclusive distribution agreement with diamonds.
Once we confirm that the product submitted after the 11th starts, we still plan to solicit our monthly comics through diamonds with a non -exclusive foundation. This will lead to a delay in the release date, but we must ensure that our creative team and partners provide considerable compensation for their hard work.
In the foreseeable future, the title of new trading packet book will no longer be provided through Diamond, but it will be provided through our other distribution partners (such as Simon & Schuster). The existing title re -ordering TPB products can still be obtained through Diamond.
Retailers, since launching in 2022, we have always thanked your support and are committed to continuing to bring you the best products. We will be available for the first time through other distribution partners (upcoming announcements).
For large people, this is an exciting opportunity that can expand the influence of direct markets and attract new readers. We hope everyone has the best results (including diamond comic distributors and their employees!).
Large -scale publishing in 2022 Michael Calero, Trevor Richardson and Kevin RoditeliAnd published mainly comics (journals), and then collected it in the transaction-usual, in short. Their product lines include the title of POPEYE, Vampiro and Zorro, as well as originals such as Liquid Kill, as well as partnerships with online auction applications WHATHOT. Obviously, their business model depends on the traditional distribution of comic stores, and their statement is the most frank statement of how diamonds affect the publisher of the system.
• As we reported yesterday, American myths are a small comic publisher that announced that they may not survive in bankruptcy.
• As reminded, diamonds are currently reorganizing, may bankruptcy, and at a certain time, things may return to normal. However, as all the above contents are shown, the publishers face many challenges during this period.
