STATUE M A R V E L S - View Single Post - Industry Scuttlebutt: Diamond On Track for Bankruptcy Protection?

Tatterdemalion · June 27th, 2009, 12:06 PM

Here's some additional information I've been able to round-up:

(1) It seems the major problem is the overall debt of the owner of Diamond, Steve Geppi; he's being sued for about $400,000 in one case, nearly $16 million in another, had $3 million in debt to the Maryland Stadium Authority forgiven, and his museum is about $700,000 in the hole, too. Source. Source.

(2) The friggin' internal DC memo following the '95 alliance of DC Comics and Diamond following Marvel's bid for self-distribution. It confirms DC does have legal first dibs. Color me truly horrified. Source. Source.

I can't believe this isn't getting more attention from people within the industry; this looks a lot worse than I initially realized. In other words, "Yowza."

June 27th, 2009, 12:06 PM	#8 (permalink)
Tatterdemalion Statue Marvels Royalty Join Date: Jan 2009 Posts: 2,488	Here's some additional information I've been able to round-up: (1) It seems the major problem is the overall debt of the owner of Diamond, Steve Geppi; he's being sued for about $400,000 in one case, nearly $16 million in another, had $3 million in debt to the Maryland Stadium Authority forgiven, and his museum is about $700,000 in the hole, too. Source. Source. (2) The friggin' internal DC memo following the '95 alliance of DC Comics and Diamond following Marvel's bid for self-distribution. It confirms DC does have legal first dibs. Color me truly horrified. Source. Source. I can't believe this isn't getting more attention from people within the industry; this looks a lot worse than I initially realized. In other words, "Yowza."