After a significant delay as well as threats to change their status, Diamond has submitted its “Monthly Operating Report” for the period ending January 31, 2025. It includes filings for Diamond Comic Distributors, Diamond Select Toys, and Comic Holdings, and Comic Exporters.
In January, Diamond Comic Distributors, Diamond Select Toys, and more filed a petition for Chapter 11. But, Diamond hadn’t filed a Monthly Operating Report since commencing the case. The reports for January, February, and March were overdue leading to a motion to switch their status from chapter 11 to chapter 7 or dismiss the case.
The January report has been officially filed. With it we get a better idea of debts, money in, and generally what money was being spent on.
Here’s the info for Diamond Comic Distributors:
Key takeaways:
Current employees: 473 (though 478 at one point)
Disbursements: $13,683,765
Ending equity/net worth: $2,527,866
Profit: $2,018,090
Diamond Select wasn’t doing as well which is rather interesting. It would seem all of the debt is there.
Key takeaways:
Current employees: 21
Disbursements: $304,181
Ending equity/net worth: -$31,352,292
Profit: $152,465
Finally, we have the filling for Comic Holdings which has the rest of the debt and owned by Diamond Comic Distributors.
Key takeaways:
Current employees: 0
Disbursements: $0
Ending equity/net worth: -$27,916,472
Profit: $0
Comic Exporters’ info was also released:
Key takeaways:
Current employees: 0
Disbursements: $0
Ending equity/net worth: -$27,916,472
Profit: $0
We’ll have further updates as subsequent months are released.
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Source: Graphic Policy
