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Roll for combat's (and others) distributor has gone bankrupt, and is liquidating their stock and keeping the money (www.youtube.com)

submitted 3 days ago by eerongal@ttrpg.network to c/rpg@ttrpg.network

5 comments fedilink hide all child comments

Title says it. Roll for combat/battlezoo's distributor 'Diamond' has filed for bankruptcy and is keeping their (and other company's) stock to sell in a liquidation sale to keep the proceeds and pay off their debt.

Mentioned in the video, diamond is a distributor for other TTRPG companies as well, such as paizo, goodman games, and others.

I don't think they're the sole distributor for all of them, so i think the amount of damage it's doing is highly specific to each company, but it's still pretty shitty for companies in this industry in particular because of how hard it is to turn profits already in a niche industry.

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[–] recursive_recursion@piefed.ca 13 points 2 days ago* (last edited 2 days ago) (1 children)

"They actually have the right, to take products that they don't own and sell them at any price that they want; basically liquidate them and then keep all the profits for themselves and use that money to pay off the banks and to pay off the bankruptcy debt that they have."

What the fuck
How is this possible?!????

A small list of the 124 affected companies/studios:

Archie Comics
Bandai Entertainment
Boom Entertainment
DC Comics
Goodman Games
Green Ronin
IDW Publishing
[indecipherable] Comics
Marvel Comics
Pizo Comics
Titan Comics

Fuck Diamond Comic Distributors and jesus christ US you gotta fix your shit this is ridiculous. Your poor bankruptcy laws are actually causing a cascading negative economic effect that will have an impact on your economy.

Sure the banks will get paid but all the impacted managers, employees, and related staff all these people who have bills to pay now will not be able to readily pay them back because they likely won't be paid.

This infuriates me in two ways.

Several hundreds of thousands of innocent people will likely be negatively impacted for the benefit of a corrupt few.

Fuck zero-sum systems man. This is honestly why we're still in a pointlessly tragic dystopian society.

[–] kichae@wanderingadventure.party 3 points 2 days ago

recursive_recursion said in Roll for combat's (and others) distributor has gone bankrupt, and is liquidating their stock and keeping the money: > How is this possible???

Because despite the fact that they were operating as if they were selling the books on consignment, they were apparently doing business on credit on paper. It's dirty dealing. Which I'm sure didn't stop them from sending unsold books back to the publisher any time it was convenient for them, or failing to pay them in a manner that reflects credit-based purchases.

They set up a system where it was heads they win, tails you lose.