Interesting how the Disney Consumer Products claim is not a Trade Claim but rather a license/royalty claim. I would have thought that any debt owed to Disney would be for merchandise purchased for distribution that wasn't paid for. Instead, it's a license/royalty thing. I wonder how that happened?
I’m wondering if this couldn’t be a good thing. As far as I understand it, bankruptcy protection means bringing in third-party experts to help put the business back together and get it working as it should. Frankly, I’ve heard nothing but horror stories about dealing with Diamond. Maybe this could be the change they (and comics in general) need.
That's exactly what I've been thinking, and saying, to people. If nothing else, it'll get the company sorted out, once and for all. I do feel for the small publishers, because this is going to be hell for them, but, let's see where it all lands.
The problem is those bankruptcy experts cost money, money that Diamond probably doesn't have. That means you have to secure expensive financing, and the business that emerges post-bankruptcy has to pay that off. It could work, but since the prime issue is that Diamond's comic book distribution business has shrunk badly over the last five years, I don't know any expert that could fix that.
Interesting how the Disney Consumer Products claim is not a Trade Claim but rather a license/royalty claim. I would have thought that any debt owed to Disney would be for merchandise purchased for distribution that wasn't paid for. Instead, it's a license/royalty thing. I wonder how that happened?
I’m wondering if this couldn’t be a good thing. As far as I understand it, bankruptcy protection means bringing in third-party experts to help put the business back together and get it working as it should. Frankly, I’ve heard nothing but horror stories about dealing with Diamond. Maybe this could be the change they (and comics in general) need.
That's exactly what I've been thinking, and saying, to people. If nothing else, it'll get the company sorted out, once and for all. I do feel for the small publishers, because this is going to be hell for them, but, let's see where it all lands.
The problem is those bankruptcy experts cost money, money that Diamond probably doesn't have. That means you have to secure expensive financing, and the business that emerges post-bankruptcy has to pay that off. It could work, but since the prime issue is that Diamond's comic book distribution business has shrunk badly over the last five years, I don't know any expert that could fix that.