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RE: LeoThread 2025-01-16 13:03

in LeoFinanceyesterday

Part 2/8:

Diamond Comics, long considered the primary distributor for comic books, faces a mountain of debt, reportedly owing over $10 million to various stakeholders. This includes significant sums owed to Penguin Random House ($9.2 million), Bandai ($4.3 million), and Disney Consumer Products ($1.7 million), among others. With Diamond's bankruptcy reorganization, it is expected that larger creditors like Penguin Random House will be prioritized in the payment process, leaving smaller publishers and independent creators vulnerable.

The Impact on Smaller Publishers and Retailers