Diamond has announced that is is with holding payments to the vendors.
So now Diamond is cutting off both the shops and the publishers. Bonus, they are hanging on to the money they’ve collected.
From the horse’s mouth:
Dear Diamond Vendor:
“As the world responds to the outbreak of COVID-19, our focus is on protecting employees, understanding the risks to our business, evaluating the risks to our industry and examining the Federal Government resources available. While the full impact of this epidemic is still unknown, one thing is certain: supply chain disruptions have cash flow implications across the extended industry that can’t be underestimated.
While we work to understand the current industry landscape, the unfortunate truth is that we are no longer receiving consistent payments from our customers. This requires that at this time, we hold payments to vendors previously scheduled to release this week. This is a difficult decision and not one we make lightly. As this situation continues to evolve, we are committed to building out a plan for payment and will have more information to share later this week.
Thank you for your patience and understanding during these difficult times.”
Translation: Fuck you. My money is mine.
Diamond is out of business and they know it.
Even if there are any publishers and shops left when we reach the other side of the Comicalypse, no one will be willing to do business with Diamond again.