Offers 30% off in bid to stave off impending doom
>A call to action!
>Fantagraphics is in a legal battle (as part of a coalition of a dozen other publishers) that is stressing our ability to publish the world’s greatest cartoonists, as we have done for almost 50 years.
>To cut to the chase (pun intended): Fantagraphics is fighting JP Morgan Chase Bank and former Direct Market monopoly Diamond Comics Distributors, who are colluding to steal our books and use the resulting profits towards the cost of Diamond’s bankruptcy. As you may have heard, Diamond Distributors declared bankruptcy on January 14 of this year, which could have smoothed the way for Diamond to continue operating and supplying comics to retailers, but instead caused chaos across the comics landscape, from retailers to publishers. JP Morgan Chase, one of the largest financial institutions in the world and a secured creditor, and their debtor, Diamond, is now trying to legally seize all the books held on consignment and owned by us, and, through the arcane chicanery of bankruptcy law, liquidate them, bypassing any obligation to pay the publishers. In short, we, with our coalition of fellow publishers, are fighting this transparent piracy in the courts. As if that weren’t bad enough, the latest legal incarnation of Diamond has been selling our books to retailers ever since their purchase on May 16 and not paying us a penny. 100% of the money retailers have paid them for our books has gone into their pockets, none into ours.
https://blog.fantagraphics.com/the-fantagraphics-weve-been-robbed-sale/