• nocturne@slrpnk.net
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    5 hours ago

    I think this is going to upend the gaming industry. Paizo is far from the only publisher affected by this. Some smaller companies used Diamond for all of their warehousing.

    JPMorgan Fights Over Millions of Comic Books Locked in a Mississippi Warehouse

    Archived to remove paywall

    The Diamond drama has been costly for dozens of smaller, independent publishers who have been shut out from their stock since last year. Books and games could be sold to repay creditors if they lose — and JPMorgan is in front of Diamond’s repayment line because of its senior lien.

    Vendors succeeded in convincing a judge to pause a sale of the inventory, saying any proceeds would get scooped up by JPMorgan. But the pause has also meant publishers large and small have been cut off from accessing their products. Diamond had more than 120 consignment vendors, including Hellboy publisher Dark Horse Comics and Titan Comics, whose titles include Star Wars and Doctor Who-based comics.

    Penguin Random House imprint Boom! Studios said because its goods are being “held hostage” the publisher can’t send rewards to customers that supported one of its Kickstarter campaigns held weeks before Diamond’s bankruptcy. And at least some of the inventory has depreciated during its extended stay in the warehouse, with publishers in December saying some of the stock “loses value each and every day.”