Marvel and Penguin Random House have entered into a multi-year deal to with Penguin Random House to distribute comic books and graphic novels to comic book shops. I bet Steve Geppi of Diamond Comic Distributors wishes he had not decided to abuse his monopoly of distributing comics last year and not distribute comics. Not only did...
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Steve Geppi seeks to profit over comic book shops reopening
Steve Geppi, CEO of Geppi Family Enterprises and owner of Diamond Comic Distributors, announced a cockamamie scheme to capitalize on comic book shops reopening. Most comic book shops were forced to close their doors because of COVID-19. That, and because Diamond Comic Distributors, the lone distributor of comics, decided not to distribute. They also decided not...
Read MoreDiamond Comic Distributors did not have to close its doors
When I first heard Diamond Comic Distributors, the sole distributor for comic books in North America closed its doors, I didn’t think they had a choice. I was wrong. Even though the state of Maryland ordered all nonessential businesses to close because of the COVID-19 pandemic, it turned out Diamond didn’t have to close. Because...
Read MoreDiamond Comic Distributors chooses not to pay comic book publishers
Diamond Comic Distributors sent a letter to comic publishers announcing it has decided not to them scheduled payments. This is the letter: Dear Diamond Vendor: As the world responds to the outbreak of COVID-19, our focus is on protecting employees, understanding the risks to our business, evaluating the risks to our industry and examining the...
Read MoreDiamond Comic Distributors is shut down, but it was not their choice
Self-proclaimed non-journalist Rich Johnston at Bleeding Cool “broke” the story that Diamond Comic Distributors is ceasing operations until further notice due to the COVID19 pandemic. That means they will no longer be distributing comic books for the foreseeable future. The thing that makes this fact such a monumental step is that Diamond is the sole...
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