Posted in: Comics, Current News, Games, Role Playing Games | Tagged: diamond, Paizo

Paizo Tells Buyers How Diamond Bankruptcy Will Affect RPG Sales

Paizo tells its customers and retailers how the Diamond Comic Distributors' chapter 11 bankruptcy will affect RPG sales

Paizo is a role-playing game publishing company, best known for the tabletop games Pathfinder and Starfinder. It was founded in 2002 to take over the publication of the Dungeons & Dragons magazines Dragon and Dungeon, formerly published by Wizards of the Coast, and later expanded the role playing game market with the Open RPG Creative License. Along with many games, toys and comic book publishers, they have been heavily hit by the Chapter 11 bankruptcy of Diamond Comic Distributors. In a letter to their customers that cites Bleeding Cool. they state;

"As many of you know, Diamond Comic Distributors declared bankruptcy on January 14th. Hundreds of game publishers, including Paizo, have partnered with Diamond to sell their products into the book trade (Barnes & Noble, Ingram, Booktopia, and others). Diamond has also sold Pathfinder and Starfinder into Amazon for us.

"Paizo has stopped shipping products to Diamond. This means that our August releases will not be widely available at major bookstores or on Amazon. While these sites will likely continue to list products for sale or preorder, most orders for these titles will not be able to be fulfilled. To stay up to date with your collection, please stop by your favorite local game store and ask them to order our upcoming releases, purchase them directly here on paizo.com, or sign up for one of our subscriptions.

"We expect Pathfinder and Starfinder products to remain unavailable through book trade channels for several months as Paizo determines our next steps and this matter works its way through the bankruptcy court. The best thing you can do to help Paizo and the 100+ publishers caught up in the Diamond bankruptcy is to order from them directly or go to your local game store and ask them to preorder upcoming releases so you'll have them on launch day. Here are the Paizo products impacted for August and September."

August Releases (available July 31st)

• Starfinder Player Core
• Starfinder Player Core Retail Edition
• Starfinder Player Core Special Edition
• Starfinder Combat Pad
• Starfinder Murder in Metal City Deluxe Adventure
• Starfinder Infinity Deck Card game
• Era of the Eclipse, A Starfinder Novel (hardcover)
• Pathfinder Battlecry!
• Pathfinder Battlecry! Sketch Edition
• Pathfinder Battlecry! Special Edition
• Pathfinder Adventure Path #217: Death Sails a Wine-Dark Sea (Myth-Speaker 2 of 3)
• Pathfinder Flip-Mat: Siege

September Releases (available September 3rd)

• Starfinder GM Core
• Starfinder GM Core Special Edition
• Starfinder GM Core Retailer Edition
• Starfinder Galaxy Guide Pocket Edition
• Starfinder Player Character Folio
• Starfinder Flip-Mat: Garage Warehouse
• Pathfinder Flip-Mat: Command Center
• Pathfinder Treasure Vault (Remastered) Pocket Edition
• Pathfinder Game Night: Dawn of the Frogs (Deluxe Adventure)
• Pathfinder Adventure Path #218: Titanbane (Myth-Speaker 3 of 3)

You can use these Diamond, and Ad Populum tabs to keep up with the latest on Bleeding Cool. Here's a timeline if you want to catch up…

• On the announcement of Chapter 11 on the 14th of January, Diamond started a 13-week bankruptcy process run by financial firm Raymond James, got financing to operate, and announced an auction for its assets.
• Those assets included Diamond Comic Distribution, Alliance Gaming Distribution, Diamond Select Toys, CGA and Diamond UK
• Universal Distribution was named the Stalking Horse bidder for Alliance Games and Diamond UK, which required a purchase commitment of thirty-nine million dollars, but with certain discounts and privileges for taking that position.
• The auction took place, and it went late. There was food and breakfast billed for.
• And Alliance Entertainment, or AENT, was named the top bidder for the assets of $72,245,000, though not for Diamond UK. This was widely announced, including by Diamond themselves.
• Then we learned that a joint bid by Universal Distribution and Ad Populum came second and was named the back-up bid, with a bid of $69,130,000. With Universal getting Alliance Gaming and Diamond UK, and Ad Populum getting Diamond Comics, Diamond Select Toys and everything else. Basic Fun was third with fifty million.
•  Bruce Ogilvie, AENT chairman, was invited onto a podcast with comic book retailers Dennis Barger and Jesse James after, apparently, watching my performance on the Beyond Wednesdays podcast in which he talked about AENT and Diamond.
• A court hearing with the Honorable Judge Rice in Courtroom 9-D at the United States Bankruptcy Court for the District of Maryland at 10 am was intended to ensure the legality of the bid and the process.
• But instead, over that weekend, the debtors declared that they had chosen the back-up bid from Universal and Ad Populum instead of AENT, despite AENT having bid more. No reason was given.
• AENT filed a lawsuit regarding this decision.
• It took the bankruptcy court to reverse that decision and state that AENT, with the higher bid, had won, though they would have to withdraw their lawsuit.
• AENT has terminated their winning bid and purchase.
• Universal Distribution and Ad Populum were back in the running
• Diamond declared "business as usual" but the courts threatened Chapter 7 over late paperwork.
• AENT sued Diamond, claiming fraud
• Diamond says it's all in hand and went back to court, wanting to be owned by Universal and Ad Populum.
• Sale of Diamond to Universal and Ad Populum was approved by the courts.
• Though Ad Populum paid more than we thought.
• Podcast blamed/credited with the current state of affairs
• Diamond tells Skyrush to stop claiming they won CGA.
• As part of court filings, Diamond released details for every comic store on account.
• We have some finality.
• Ad Populum and Universal Distribution officially acquire Diamond and related assets.
• The layoffs have begun.
• And continue.
• Diamond Select Toys has closed
• Diamond try and reassure retailers over ComicSuite
• Courts withdraw Chapter 7 bankruptcy threat
• We look at the future of Diamond Previews again
• PRH pulls out of Diamond entirely
• Well, not entirely, the UK can stay.
• Hermes Press says Diamond doesn't want to distribute their comics anymore… or anyone's.
• But Diamond pushes back on that, as they publish a new Previews.
• And they assure comic book stores that everything is going to be fine. Honest.
• Then send a letter to publishers which looks like it isn't
• Now they are looking for more money and longer to pay it back.
• Dynamite would like half a million now, please.
• Udon and Manga Classic have now cancelled all Diamond orders.
• Then so did Drem Productions
• And PRH starts to close their special retailer joining offer
• Diamond gets a fourth wave of funding and deadlines.
• Philbo Distribution launches.
• Alliance Entertainment hire seven senior Diamond staffers.
• Universal Distribution rumoured to be hiring Diamond staffers to enter the US market.
• Massive Distribution expands within Lunar
• Diamond has cancelled all their PRH orders.
• There are problems with Ad Populum's first payments to comics publishers
• Ad Populum sues AENT alleging breaches of confidentiality and staff poaching.
• Ad Populum still ghosting publishers.
• Bankruptcy timeline revealed it began in July 2024
• Diamond ends cash on delivery sales
• Hermes Press hires Steve Leaf
• Diamond responds to Dynamite
• Diamond closes No Cost Orders, sends out reminder emails to comic book stores
• Boom Studios makes layoffs.
• Zenescope pulls out of Diamond.
• AENT Says Diamond Claim They Poached Staff "Fails As A Matter Of Law"
• It's Claimed New Diamond Owner Said He's "Playing Chicken With Idiots"
• Mike Schimmel Talks, Under Oath, About The Diamond Comics Firings
• Dynamite jumps to Lunar Distribution
• Diamond takes Previews digital only
• Universal Distribution to distribute in the USA as well as Canada, starting with DC Comics
• Conflicting Statements Over Diamond, AENT And Ad Populum Lawsuits
• This Week, There Are Only Five Comics On Diamond's FOC
• Robert Gorin, Chief Restructuring Officer Of Diamond Comics, And Geek
• Titan Has Not Received Payments From Diamond Comics, Stops Supplying
• Fantagraphics Says That Diamond Is Holding Their Comics Hostage
• Kathy Govier, Chief Marketing & Communications Officer, Out At Diamond
• Confirmed, AENT Tried To Buy Diamond In October To Avoid Bankruptcy
• Dynamite Pulls Their Comics Out From Diamond Comic Distributors
• Diamond Moves To Liquidate All Consigned Comics "Held Hostage"
• FairSquare Graphics Calls Diamond "Thieves & Bandits", Brings Receipts
• Ultimate Comics Chain Refuses To Buy Diamond Liquidation Stock
• This One Trick Means Bandai Get Their Pokémon Cards Back From Diamond?
• Dren Productions Want To Know If Diamond Shipped Their Recent Comics?
• Publishers Have 3 Weeks To Object To Diamond Comics' Liquidation Plans
• Emily Botica, Vice President At Diamond Comics, Is Leaving Next Week
• SDCC Gossip: What's Happening With Diamond At San Diego Comic-Con?
• Universal To Offer DC Comics To US Retailers At Same Lunar Discount
• Comic Publishers To File Paperwork Against Diamond Comics This Week
• Diamond Pulls Its Pullbox And Cancels Its ComicSuite For Comic Shops
• The Exit Interviews Of Diamond Comic Distributor Staff In Full
• Andrew Aiello, Tom Derby & Ben Davis Buy CGA After Diamond Bankruptcy
• Dynamite Owed A Million By Diamond, Can't Make Payroll Next Week
• Ad Populum Can't Yet Deal Directly with Diamond Consignment Vendors
• As Court Denies Dynamite Over Diamond, Comic Creators Rally Round

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