Teos Abadie

We will be your only distributor, but we will kind of run all this expensive stuff and handle the industry of moving all this around. And so companies largely said yes to this. But in 2020, when the pandemic was shutting down stores, Diamond said, we're going to lose money on this. So we're not going to distribute. We're not going to ship new comics to stores.

We will be your only distributor, but we will kind of run all this expensive stuff and handle the industry of moving all this around. And so companies largely said yes to this. But in 2020, when the pandemic was shutting down stores, Diamond said, we're going to lose money on this. So we're not going to distribute. We're not going to ship new comics to stores.

And if you're Marvel and DC and other places, you're like, I'm sorry. That's how we make money. And you have this obligation. You've got to do this. So what Marvel and DC did is cut ties with Diamond as being exclusive and began to find other ways to distribute. So other companies grew up, some already existed.

And if you're Marvel and DC and other places, you're like, I'm sorry. That's how we make money. And you have this obligation. You've got to do this. So what Marvel and DC did is cut ties with Diamond as being exclusive and began to find other ways to distribute. So other companies grew up, some already existed.

And this began to happen where other groups were there and no longer exclusive to Diamond. Diamond lost a lot of money on that. And it's only increased over time as more and more companies have ceased being exclusive or found other ways to do it.

And this began to happen where other groups were there and no longer exclusive to Diamond. Diamond lost a lot of money on that. And it's only increased over time as more and more companies have ceased being exclusive or found other ways to do it.

So here we are, and they're finding out that they've probably not changed the way they operated, probably an expensive way based on this previous way that they're making lots of revenue. Now they're not, so they owe a ton of money.

So here we are, and they're finding out that they've probably not changed the way they operated, probably an expensive way based on this previous way that they're making lots of revenue. Now they're not, so they owe a ton of money.

Yeah, there absolutely is. So Diamond owns what's called Alliance Game Distributors, which is the tabletop game distribution subdivision of Diamond. And what they've said is as part of this restructuring, we're going to sell that off. And so far, they have a $39 million what's called stocking horse bid from Universal distribution.

Yeah, there absolutely is. So Diamond owns what's called Alliance Game Distributors, which is the tabletop game distribution subdivision of Diamond. And what they've said is as part of this restructuring, we're going to sell that off. And so far, they have a $39 million what's called stocking horse bid from Universal distribution.

And the idea, what that means is that if nobody else beats that bid, they will get Alliance. So it will be sold. We know it will be. If someone bids more, Universal will get sort of a payoff for the fact that it wasn't them because they kind of came in, but they set the floor, if you will, for sort of bidding on it. So someone is going to own it that isn't Diamond.

And the idea, what that means is that if nobody else beats that bid, they will get Alliance. So it will be sold. We know it will be. If someone bids more, Universal will get sort of a payoff for the fact that it wasn't them because they kind of came in, but they set the floor, if you will, for sort of bidding on it. So someone is going to own it that isn't Diamond.

So that's already a bit of a shakeup because you don't know what's going to happen with this. The other thing that's a big deal for the industry remains to be fully seen of how it's going to play out. So one of the things is we talked about these creditors, right? This is all happening because they owe a bunch of money. Well, Whom do they owe that money? So the biggest one is Penguin Random House.

So that's already a bit of a shakeup because you don't know what's going to happen with this. The other thing that's a big deal for the industry remains to be fully seen of how it's going to play out. So one of the things is we talked about these creditors, right? This is all happening because they owe a bunch of money. Well, Whom do they owe that money? So the biggest one is Penguin Random House.

Diamond owes $9.2 million to them because they function as sort of sub-distributor of publishers, where Penguin Random House is sort of the primary behind. So, you know, Penguin Random House is looking at losing tons of money, more than they make in several years, probably, in the comics and other tabletop areas. They also owe a ton of money to Hasbro and Wizards of the Coast.

Diamond owes $9.2 million to them because they function as sort of sub-distributor of publishers, where Penguin Random House is sort of the primary behind. So, you know, Penguin Random House is looking at losing tons of money, more than they make in several years, probably, in the comics and other tabletop areas. They also owe a ton of money to Hasbro and Wizards of the Coast.

Wizards is a bit over $910,000. Hasbro is just over a million. They owe NEC, the company that owns WizKids, about $2.7 million. So if this bankruptcy goes through, a lot of these companies are not going to get paid, either partially or in full. And so you're looking at a company that, say, owns WizKids, losing $2.7 million out of nowhere. Will that change how Wiz could sell things?

Wizards is a bit over $910,000. Hasbro is just over a million. They owe NEC, the company that owns WizKids, about $2.7 million. So if this bankruptcy goes through, a lot of these companies are not going to get paid, either partially or in full. And so you're looking at a company that, say, owns WizKids, losing $2.7 million out of nowhere. Will that change how Wiz could sell things?

Will it change how Wizards or Hasbro do things? Maybe, right? Hard to say. And the last bit of this is how it impacts stores. We have a Discord member. Thank you. I don't know if you wanted to be named or not, but they are an active participant.

Will it change how Wizards or Hasbro do things? Maybe, right? Hard to say. And the last bit of this is how it impacts stores. We have a Discord member. Thank you. I don't know if you wanted to be named or not, but they are an active participant.