Posted in: Comics, Marvel Comics | Tagged: , , , ,

Marvel Comics Let Diamond Off The Payment Hook For Now

In Marvel' newsletter sent to comic book retailers by Diamond Comic Distrbutors, Marvel Comics have repeated what they told them last week. This was before Diamond Comic Distributors closed its door to new products of course. And while the letter hasn't been updated to include what Marvel will be doing for April 1st, because frankly, no one knows yet, the did add this paragraph:

In addition, we have provided Diamond an extension on the timing of Diamond's payments to Marvel, so that Diamond has the flexibility to manage Diamond's payment terms with the retailers.

So Diamond doesn't have to pay Marvel the money it owes them yet which should, in theory, allow Diamond to offer similar leeway to comic shops. Might be worth citing if it comes up – this decision could literally save hundreds of stores from going bust. Especially if DC Comics matches it…

You can keep up with Bleeding Cool's coverage of the effect of the coronavirus epidemic on the comics industry with this link.

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Rich JohnstonAbout Rich Johnston

Founder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from Blacks on Dean Street, shops at Piranha Comics. Father of two. Political cartoonist.
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