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Borders Bankruptcy Hits Diamond Comics Distributors Hard

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Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Doozer » Wed Jan 12, 2011 8:08 pm

Borders Bankruptcy Hits Diamond Comics Distributors HardThe major bookseller's much-publicized bankruptcy could have catastrophic consequences for the comic book industry.




Rich Johnston over at Bleeding Cool reported today that Diamond Comics has stopped supplying graphic novels and comic book collections to Borders. Several book publishers and at least one major distributor have also stopped supplying product to Borders as the future of the chain is looking very uncertain, and the company has decided to "delay" paying it's bills until it can achieve some form of drastic refinancing.

This could be very bad news for the comics industry, as Borders is a huge mainstream outlet for comic book related merchandise. Not only that, but its highly likely that most of the merchandise currently in stock will be returned to publishers, which could affect cash flow in a serious way. Diamond itself has been rumored to be financially unhealthy recently, and smaller publishers will undoubtedly be affected by this.

Though Marvel and DC have deals with Borders independent of Diamond, it is certain that they are having similar difficulties. Marvel comics are distributed to bookstores through Hachette, which has been involved in legal proceedings against Borders in the UK since the retailer collapsed there in 2009. DC is distributed by Random House.

Johnston is predicting that some publishers will not survive the troubles. Outhouse marketing expert Doozer believes the situation, while serious, may be being blown out of proportion, commenting:

:shock:

Well, that sucks. Seems like a bit of "the sky is falling!" but still...




Source: Bleeding Cool
Written or Contributed by: LOLtron


http://173.199.169.70/index.php/news/comics-news/11940-borders-bankruptcy-hits-diamond-comics-distributors-hard.html/
Last edited by Doozer on Sat Dec 31, 2011 4:53 am, edited 2 times in total.
Reason: JFusion Discussion Bot UPDATE

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Re: Borders bankruptcy hits Diamond & comics industry hard

Postby S.F. Jude Terror » Wed Jan 12, 2011 8:10 pm

If comics would go digital already, this wouldn't be a problem.
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Re: Borders bankruptcy hits Diamond & comics industry hard

Postby Doozer » Wed Jan 12, 2011 8:11 pm

Jude Terror wrote:If comics would go digital already, this wouldn't be a problem.



I agree that monthlies need to/will go digital, but I think there will always be a fairly large market for trades, GNs and the like. I think that's the future: digital and large(r) physical volumes.

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Re: Borders bankruptcy hits Diamond & comics industry hard

Postby Max Blyss » Wed Jan 12, 2011 8:44 pm

I hope that comics aren't forced by expense and enviro-nuts to leave the print medium... There is definitely something to be said about actually holding a printed book in your hands and getting the full experience of reading an actual Comic Book. I dig scans and digital comics, but nothing beats the real thing.
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Re: Borders bankruptcy hits Diamond & comics industry hard

Postby COBRA Command » Wed Jan 12, 2011 8:51 pm

When you can carry around 1000's of comics on an iPad, the space taken up by long boxes in the closest is no longer worth it.
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Benderbrau » Wed Jan 12, 2011 9:19 pm

Wasn't it only like two weeks ago when Borders was trying to buy Barnes and Noble for like a million dollars? And now they're bankrupt?
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Juan Cena » Wed Jan 12, 2011 9:23 pm

Borders has sucked for a long time anyway. Books-A-Million rules.
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Chris » Wed Jan 12, 2011 9:31 pm

The Nacireman wrote:Borders has sucked for a long time anyway. Books-A-Million rules.


I've seen small Waldenbooks or whatever those stores in the mall are that have a better selection than that piece of shit store.

The B-A-M near me is a ghost town.
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Benderbrau » Wed Jan 12, 2011 9:39 pm

Chris wrote:
I've seen small Waldenbooks or whatever those stores in the mall are that have a better selection than that piece of shit store.

The B-A-M near me is a ghost town.

Waldenbooks is a subsidiary of Borders :lol:
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby AaronW » Wed Jan 12, 2011 9:45 pm

Hopefully this kills the chapbook

/onemoment'd

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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Juan Cena » Wed Jan 12, 2011 9:54 pm

Chris wrote:
I've seen small Waldenbooks or whatever those stores in the mall are that have a better selection than that piece of shit store.

The B-A-M near me is a ghost town.


My experience with Waldenbooks has been quite the opposite. The GN section is a whole lot bigger and better.
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Strict31 wrote:I'm not sure that combining the nigh-uncontrollable power of LOLtron with the Nacireman is a good idea. Some years from now, when mankind is on the verge of extinction, we'll be able to look back and remember this moment, and say, "DANG."


http://www.shirtswithrandomtriangles.com/

Check out Christmas in Nacirema
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby AaronW » Wed Jan 12, 2011 9:56 pm

Last time I was at Borders there was a big fat guy eating Cheetos really cheesing up most of the graphic novel section. It was awful.

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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby The Old Doctor » Wed Jan 12, 2011 10:00 pm

Aaron wrote:Last time I was at Borders there was a big fat guy eating Cheetos really cheesing up most of the graphic novel section. It was awful.


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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby fieldy snuts » Wed Jan 12, 2011 11:13 pm

Man please, Borders always has overpriced newstand shit. Anyone buying comics from Borders needs their head examined. Their inflated prices to me seem mre like a detriment to comics than an attempt of getting at a wider market. The most its good for is window shopping rather than buying comics.

I admit though, I'll miss my days of Byrne-stealing books there while I sip on my coffee.
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Re: Borders Bankruptcy Hits Diamond Comics Distributors Hard

Postby Doozer » Wed Jan 12, 2011 11:15 pm

Front-paged!

And all it took was swiping a Bleeding Cool article and offering some ill-researched commentary.

:band

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