Sign in to your CBR account
Image by Morena Perez Vitale
Diamond Comic Distributors' bankruptcy debts have recently been adjusted, with the distributor now owing over $46 million. Notably large unpaid debts include many top publishers in the comic industry.
Bleeding Cool reports that many of Diamond's debts have been adjusted upwards, with a previous report from January estimating the debt at over $31 million. The adjusted number of unsecured claims is now a staggering $46,764,299.86 — with many authors, illustrators and publishers owed cash. News of Diamond's bankruptcy broke in January, and it quickly shook up the industry, with many indie publishers left reeling.
Related
EXCLUSIVE: Mad Cave's Vanishing Point Promises Epic Thrills
CBR takes a first look at Mad Cave's sci-fi anthology series, Vanishing Point, from award-winning author Mark Russell.
Currently, Diamond's disputed unsecured debts include BOOM! Entertainment at $799,133.29, Dynamic Forces (of Dynamite Entertainment) for $158,820.93, American Mythology Press for $43,354.17, Action Lab at $14,397.25, Floating World Comics for $5,704.19, and Benitez Productions for $2,079.27. While not a comic publisher, another notably large disputed debt is with First Factory, a software company, for $118,470.83.
Some of Diamond's initial debt filings were revised even higher, with Lunar Distribution going from $496,967.84 to $545,560.61. Titan Publishing's amount also went higher, from $357,417.28 to $410,711.21. Udon Entertainment's numbers rose from $202,694.07 to $285,622.92. Interestingly, Diamond also owes its own UK Division $2,080,237.46. A list of non-disputed debts can be seen below.
Diamond Debts Listed in Bankruptcy Filings
- Oni Press - $179,942.40
- Blue Yonder - $96,303.87
- Fantagraphics - $92,859.04
- Dark Horse Comics - $70,968.14
- Zenescope - $68,766.71
- Dstlry - $65,013.15
- Alien Books - $63,945.80
- Twomorrows Publishing - $62,752.81
- Mad Cave - $61,968.12
- Keenspot Entertainment - $56,088.31
- Scholastic - $51,548.50
- Massive Publishing - $40,700.69
- Avatar Press - $36,495.14
- Image Comics - $25,666.87
- US Customs & Borders - $24,636.56
- Ablaze - $19,447.86
- Sumerian Comics - $16,197.25
- Blackbox Comics - $13,446.92
- Antarctic Press - $12,362.79
- Archie Comics - $12,137.20
- Papercutz - $10,351.69
- TokyoPop - $10,289.05
- Clover Press - $9,561.14
- Drawn & Quarterly - $9,103.32
- Blood Moon Comics - $7,926.82
- Humanoids - $7,909.48
- Magma Comix - $6,780.51
- Silver Sprocket - $5,751.52
- Dren Productions - $5,486.84
- Valiant - $5,283.13
- Stranger Comics - $4,150.69
- 1First Comics - $4,473.60
- Chip Zdarsky - $3,105.00
- Slave Labor Graphics - $2,949.18
- Cosmic Lion - $2,529.50
- About Comics - $2,447.20
- Aspen - $1,890.50
- TJO Studios - $1,627.06
- Fair Square - $1,538.28
- Scout Comics - $1,274.97
- Battle Quest - $1,152.90
- AWA - $803.64
- TPub Comics - $774.19
- Crusade Comics - $512.00
- Opus Comics - $426.16
- Storm King Productions - $950.32
- Frank Miller Presents - $150.48
- Soaring Penguin Press - $168.93
- Band Of Bards - $13.98
Diamond's Debts Include Popular Creators and Publishers
Some of Diamond's largest debts are with some of the most popular indie publishers, like Titan Publishing, Dark Horse Comics and Oni Press. Interestingly, the company also reportedly owes smaller amounts of money to some creators, most notably Batman scribe Chip Zdarsky, for over $3,000.
Also on the list is Storm King Productions, the entertainment company founded by Sandy King, with its comics division, Storm King Comics, co-owned by King and her husband, legendary horror filmmaker John Carpenter. Founded in 2012, Storm King Comics has released numerous indie horror stories, including ones by Carpenter himself, including Tales for a HalloweeNight and Asylum.
Related
May 3 Is the Best Day for X-Men Fans
Marvel announces a new Giant-Size X-Men event that will rewrite mutant milestones to celebrate the legendary issue's milestone 50th anniversary.
While Diamond's debts seem to be adding up with time, the troubled distributor recently found some good news in its bankruptcy filings earlier this month. It was reported that around 30 different parties were under non-disclosure agreements regarding the purchase of the company. The bid deadline is set for March 19, with an auction scheduled to take place shortly after on March 24 and a sale hopefully closing on April 10.
Diamond reportedly has until April 1 to get a deal in place, or it will need to cease operations entirely.
Source: Bleeding Cool
English (US) · 