Thread #11707742
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>>11707742
I don't think they ever gave an official explanation for how they went bankrupt, but I think they spread themselves too thin similar to Funko. They were doing action figures, statues, mini figures, busts, etc. from tons of different franchises. On the action figure front, I rarely heard good things about anything other than Marvel Select and to a lesser extent Lord of the Rings, and both those lines moved at a snail's pace. That said, their prices were always very reasonable. They'd sell you a giant 9-10" figure like Juggernaut or Apocalypse for the same $25-30 price as their standard figures. Probably part of why Ad Populum, the company that acquired Diamond Comics immediately shut down the toy division.
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I managed a toy store and I can tell you they were horribly mismanaged. Warehouse orders would consistently be filled wrong, damaged in shipping cause their staff had no idea how to pack anything. I'd get orders meant for other stores and they would say just keep it and not bill me for it. Buyers never knew what was in stock. Never kept to release schedules, would cancel items and not inform you. The list goes on and on. It wasn't just one thing, the whole business was fucked up.
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>>11707742
because Americans are retarded and can't do anything right it's why there's a massive crisis of faith among the people who believe in traditional family and those that want an open society with no borders
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>>11707742
>20+ year old articulation schemes with no signs of improvement
>sloppy and chipping paintjobs
>extreme hit or miss sculpts
>weird distribution outside of comic shops
pick your poison
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>>11707742
from what i've read, they stopped supplying to shops during covid, after years of already being a shit distributor, marvel and dc pulled out and stopped using them, all of that meant they basically kept writing checks they couldn't cash as a result, because shops were getting their stock elsewhere and no longer making orders with them at all. diamond select is more or less just a casualty of the overall incompetence of the parent company and them trying to write off parts of it in bankruptcy to keep it afloat long enough for someone else to buy it off
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>>11710649
people should be suing the federal, state, and city governments for all the stupid bullshit they tried to enforce through COVID.
Even if it wasn't legally enforceable, businesses were forced to comply with all that bullshit because it was the social thing to do and the fucking government was actively censoring media outlets like youtube to keep the "correct" mindset with everyone else.
There's so many fucking retards out there, hence so many fucking businesses going out of business thanks to COVID restrictions. The ramifications from all that bullshit is still ongoing and we're still finding out all the behind the scenes bullshit that was going on.
Fuck, the New York governor should be put on trial for murder or manslaughter for what he did. Tons of people knew what he was going to do would lead to deaths before he even implemented it.
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>>11710649
DC pulled out before the Pandemic. Marvel took longer. But you are correct that they were a piece of shit distributor who relied on having a captive market in the LCS community, and aspects of their business policy, like non-returnable books which is not how paperback and magazine run in bookstores and grocers/pharmacies, etc.
Incompetency is a good way to put it, as this anon put it >>11708797
>>11708406
The parent company went bankrupt; that starved Diamond Select Toys out of cash. The parent company stiffed a lot of their publishers and they stopped providing them with products. So of course, the direct market sellers that bought the DST collectibles also refused to get that crap when they knew orders weren't being filled and they would probably just lose their money - it was an endless, vicious circle at the end.
>Ad Populum, the company that acquired Diamond Comics immediately shut down the toy division.
Ad Populum owns NECA, they now majority own Graceland, which is why Graceland now sells Enesco holiday ornament and other sculpts, and those Department 56 villages (including Harry Potter and other stuff not related to Elvis).
They also own junk brands like Party City.
However, Diamond Select toys had some good licenses and people who liked their products. They've lost some of that (like the Diamond Select Gallary figurine statues) to McFarlane - at least for Marvel Selects, but there's no reason they can't build that and other lines back up.
Ad Populum didn't buy up Diamond for their unpaid bills, but for things like their mailing list, licenses, IPs, etc. Enesco and Department 56 is in Macy's so they could move to get NECA, which as far as I know isn't at the Macy's Toy's R Us locations, but other things, like Iron Giant action figures, LOTR, etc.