Tag: Penguin Random House

Diamond Comics Distributors files for Chapter 11 bankruptcy

The once-dominant comics distributor is ‘looking at potential buyers for their … business units.’

Diamond Comics Distributors, which spent decades as the primary comics distributor in North America, has announced they’ve filed for “a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court.”

This means they’ve filed for protection from those they are indebted to as they reorganize their business, keeping them operational as they attempt to pay back their creditors. This is different than Chapter 7 bankruptcy, where a company goes completely under, is sold for parts and the money is used to pay back those they owe.

As a part of their restructuring, Diamond says they’ve already started negotiations to sell their Alliance Game Distributors business to Universal Distribution. It sounds like Universal could be a potential buyer for their Diamond UK business as well. They also said they’re looking at potential buyers for their other business units, including Diamond Book Distributors, Collectible Grading Authority and Diamond Select Toys, as well as their main comic, toy and collectible distribution lines.

“Diamond has been a linchpin of the comic book industry for over four decades. Our priority has always been to provide quality service to publishers, retailers, and, ultimately, comic fans, and we remain committed to finding additional buyers for our businesses,” said Diamond President Chuck Parker in the announcement.

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Random House Publishing Group is acquiring BOOM! Studios

The deal is expected to close this summer.

Penguin Random House has announced plans for its Random House Publishing Group divison to acquire BOOM! Studios, the publisher of BRZRKR, Something is Killing the Children, Power Rangers comics and many more titles over the course of its almost 20-year history.

The terms of the deal were not disclosed, but PRH expects to close the sale this summer.

BOOM! will join the Random House Worlds portfolio of imprints, which includes genre piublisher Del Rey, manga publisher Inklore and more. According to the press release, BOOM! will retain their editorial and publishing independence as they report into Scott Shannon, President of Random House Worlds.

“Over the past several years Random House Worlds has partnered with BOOM! Studios on various projects and had the benefit of seeing first-hand their best-in-class comic publishing. Ross and his team have built a dynamic, imaginative home for a diverse and talented roster of creators. We are thrilled to welcome BOOM! Studios to our house, and now work side-by-side with this imaginative team,” said Shannon. “The acquisition of BOOM! Studios is a major step in Penguin Random House’s expansion of support to the direct comics market and a key part of our commitment to being the best publisher for creators across all categories. We are excited to continue that tradition with BOOM! as part of the Random House Publishing Group.”

As to who will run things on the BOOM! side, that remains to be seen, as founder Ross Richie is leaving and Filip Sablik, their president of publishing, recently left.

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Dark Horse moves to Penguin Random House for direct market comics distribution

Dark Horse will move their comic shop distribution from Diamond to Penguin Random House starting next June.

Penguin Random House’s overall footprint in the direct market will grow again next year, as Dark Horse has announced plans to move their business to the growing comics distributor.

Dark Horse follows Marvel and IDW in moving away from their longtime distributor, Diamond, to partner with Penguin Random House Publisher Services.

“It’s an exciting time for the industry, and our move to Penguin Random House for direct market distribution comes after our successful partnership in bookstore distribution,” Dark Horse Founder and CEO Mike Richardson said. “Random House will help us expand our reach to retailers and fans around the globe.

Effective June 23 of next year, Penguin will handle distribution of Dark Horse’s newly published and backlist comic book periodicals, graphic novels, and manga to the Direct Market comic shops. Penguin was already the distributor of Dark Horse’s graphic novels to the book channel.

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Quick Hits | Marvel signs with Penguin Random House for book distribution

Plus: news on ‘Berserk,’ CXC, ‘Lumberjackula’ and more.

Publishers | Marvel and Penguin Random House have announced an expansion to their current partnership — Penguin Random House will take over Marvel’s distribution into bookstores starting next April. Currently Penguin Random House distributes Marvel’s comics into direct market comic shops, which they’ve been doing since March of last year.

The agreement covers “Marvel’s newly published and backlist collected editions and graphic novels to bookstores and major retailers across the Book Market.” Marvel currently uses Hachette Book Group for its book channel distribution.

Manga | Hakusensha’s Young Animal editing department and Kouji Mori have announced plans to continue the manga Berserk after the death of Kentarou Miura last May. In a statement on the Hakusensha website, they said they planned to finish the current arc that was running in Young Animal magazine, with plans to follow it with a new arc. Mori and Miura were close friends, and in his statement Mori said Miura had revealed the whole story of Berserk to him.

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IDW jumps to Penguin Random House for direct market comics distribution

IDW joins Marvel in moving away from Diamond, who will still offer IDW comics as a wholesaler.

IDW Publishing and Penguin Random House Publisher Services have announced that Penguin will exclusively distribute IDW’s comics and graphic novels to the direct market, beginning June 1 of next year.

The news follows Marvel’s similar announcement from earlier this year. IDW joins both Marvel and DC in moving away from Diamond Comics Distributors as their single path into comic shops.

“IDW succeeds when the Direct Market succeeds,” said IDW Publisher Nachie Marsham. “No matter how amazing our comics and graphic novels may be, it’s the retailers that are connecting readers with our stories. Because of that, I couldn’t be more excited about our future with Penguin Random House and I have the utmost confidence that every store, no matter the size, will see the benefits of the high levels of care and service that PRHPS brings.”

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Marvel teams with Penguin Random House Publisher Services as its direct market distributor

Marvel signs an exclusive distribution deal with the publishing house that begins in October.

Marvel has announced a new agreement with Penguin Random House Publisher Services to distribute their comics and graphic novels to the direct market, beginning Oct. 1.

The deal is “an exclusive worldwide multi-year sales and distribution agreement for Marvel’s newly published and backlist comic books, trade collections and graphic novels to comics shops.”

This effectively replaces Diamond Comics Distributors as Marvel’s route to comic book stores. Diamond, however, will still act as a wholesaler and will receive product through Penguin, so retailers can still choose to order Marvel’s products through them.

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Comics Lowdown is back!

Your roundup of essential comics news is back, with an Angoulême update, cussin’ Stan Lee and more!

Big publishing news: Bertelsmann, the parent company of Penguin Random House, announced the day before Thanksgiving that it will buy Simon & Schuster. This will affect graphic novels and manga in a big way, because PRH and S&S distribute a LOT of graphic novels and manga.

In a series of Tweets, Ed Chavez sketches out what the manga landscape will look like, and why it matters. ICv2 lists all their comics/distribution clients; keep in mind that this is in addition to the graphic novels the companies themselves publish under a variety of imprints: Random House has RH Graphics and Pantheon (which publishes the works of Chris Ware and other literary graphic novels), and S&S has Gallery 13 and, just announced, two new lines of graphic novels for young readers.

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DC Comics drops Diamond as they shift completely to Lunar, UCS

After 25 years, DC will distribute their comics to shops without the help of the industry’s traditional distributor.

DC Comics is cutting ties with Diamond Comics Distributors and will use the two new distributors that came into existence during the coronavirus pandemic to deliver comics to retailers.

Lunar Distribution and UCS Comic Distributors, the distributors with ties to comics retailers Discount Comic Book Service and Midtown Comics, will distribute periodicals to stores. Retailers can also order books through Penguin Random House, who handle DC’s trades and graphic novels for the book trade.

“After 25 years, DC and Diamond Comic Distributors are ending their long-standing relationship,” a spokesperson from DC told The Hollywood Reporter. “Moving forward, comic book retailers can obtain their DC books from Penguin Random House, or their books and periodicals through Lunar or UCS comic book distributors. DC continues to be committed to providing the Direct Market with best in class service and the fans with the world’s greatest comic books.”

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Exhibitors, creators pull out of ECCC over coronavirus concerns [Updated]

Emerald City Comic Con offers refunds to attendees who aren’t comfortable attending.

Multiple exhibitors, including DC Comics, Dark Horse and Penguin Random House, have announced they will no longer attend this year’s Emerald City Comic Con, citing concerns over the coronavirus (COVID-19). Seattle, ECCC’s host city, has seen nine people die of the virus since Feb. 26.

In a statement to the Hollywood Reporter, DC Comics said they are cancelling all of their convention appearances for the rest of March.

In addition, several comics creators, including Jim Zub, Jen Bartel, Benjamin Percy, Richard Pace, Christian Ward and Jody LeHeup, have said they will no longer appear at ECCC.

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Smash Pages Q&A: Malaka Gharib

The creator of ‘I Was Their American Dream’ discusses zine culture, being creative every day and more.

Malaka Gharib has been making comics and zines for years now, including The Runcible Spoon, a zine about food and fantasy she’s been making since 2010. Last year her first book I Was Their American Dream was released, looking at growing up as a Filipino-Egyptian in the United States and exploring questions of race, identity and belonging in different ways. 

Gharib has an active and entertaining Twitter and Instagram presence where she’s regularly making art, putting together things like a “5 minute zine” or other small projects. In her day job, Gharib is a writer and editor at NPR in Washington, D.C. She recently made an episode of the podcast Life Kit, about weaving art into your everyday life. We spoke recently about the book, zine culture and trying to make one creative thing a day.

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Comics Lowdown: Who owns Atlas Comics?

Plus: Bob Clampett Humanitarian Award recipients, Paige Braddock, Frank Santoro, Dr. Gene Luen Yang and more!

Who exactly owns Atlas Comics? That seems to be the question raised in two articles from The Hollywood Reporter. Earlier this month Steven Paul, producer of the Ghost Rider film, announced via a press conference that he had bought the rights to Atlas Comics and planned to work with Paramount to turn the properties into movies. Not so fast, said Dynamite Entertainment, who followed up by telling THR that they own the name “Atlas Comics.”

Many of you may be wondering “What the heck was Atlas Comics?” while others might be thinking, “Wait, wasn’t Atlas the company that eventually evolved into Marvel Comics in the 1960s?” And still others are wondering, “Didn’t he learn his lesson after Ghost Rider?”

But getting back to Atlas, yes, there was an Atlas Comics in the 1950s that grew out of Timely Comics and eventually became Marvel Comics. It was owned by publisher Martin Goodman, and it put out comics in a variety of genres like horror, crime, espionage and even a few superhero titles featuring characters like Captain America and the Human Torch, who had previously been published under the Timely banner. However, this isn’t that Atlas Comics.

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