The Bankruptcy Of Loot Crate

The Bankruptcy Of Loot Crate, the Subscription Service That Changed Comics

Loot Crate was the monthly subscription service that launched an industry amongst the geek demographic, upturned the comic book industry, doubled the sales of Marvel's Star Wars comic to over a million, made Bravest Warriors from Boom the second best-selling comic in one month with over half a million. made Escape From New York/Little China […]

Mail Order Comics Files For Bankruptcy With Close To $1 Million In Debt

As we noted earlier something was up but now is reporting that Meyers & Sons Mail Order Comics, Inc. of Omaha Nebraska has filed for bankruptcy on January 28th 2014. According to the paperwork filed with the courts the company has close to $1 Million in debts and less than $50,000 in assets, none of which is likely to […]

No. More. Bankruptcy.

Legal eagle Daniel Best sticks up the news (and legal evidence) that not only is Todd McFarlane Productions out of bankruptcy but has paid Neil Gaiman over a million dollars (to be said, of course, with the crook of your little finger on the corner of your mouth) for the privelege. Though Daniel does point […]

All About Books And Comics And/Or Samurai Comics Step In For Atomic Comics Customers

Yesterday, Bleeding Cool reported on the closure of all four Phoenix branches of Atomic Comics earlier this week, after owner Michael Malve declared bankruptcy, to the shock of the industry. It also came as quite a shock to its customers, especially with the DC Relaunch imminent. Local Phoenix store All About Books And Comics has […]

Steve Geppi Considered Bankruptcy In 2010

Last week, we ran an article courtesy of Daniel Best, that looked at Steve Geppi's current financial position, as exposed in a court case over his inability to pay for Archie original artwork he had bought from the family of Bob Montana. Now Best has posted the court transcripts from October 2010 that paint an […]

Diamond Book Distributors Resumes Selling Graphic Novels To Borders

Is this a show of confidence? Or one of desperation? Comic book publishers have been told that this week, Diamond will resume sending books to Borders. Before the bankruptcy announcements, Diamond had suspended all sales. However Diamond has told publishers that Borders are still not sending back returns, so this is still a precarious position. […]

Borders Files For Chapter 11 Bankruptcy

And there goes the other shoe. Today, Borders filed for Chapter 11 protection in New York. Which means that the company can continue trading for now but can ignore any immediate claims on money owed. This comes a month after Borders Group, which includes Borders and Waldenbooks, stated it may have to restructure under bankruptcy. […]

Borders Delay Payments To Publishers – Is Bankruptcy Imminent?

Ho ho ho, Merry Christmas. Borders, the national bookstore chain in the USA, have announced that they will be delaying payments to publishers. Borders has been trying to find new financing to avoid breaking the terms of its credit agreements, but that seems to have stalled. Shares have fallen by over 10% as a result. […]

Did Aliens Steal Pat Lee's Money?

Pat Lee is a comic creator who, along with his brother Roger Lee, started Dreamwave Productions. And then managed to divert all its income streams into a new company Dream Engine before then making Dreamwave bankrupt, owing stacks of cash to creators and companies alike. And then managed to do the same with Dream Engine. […]