I can't believe we've been waiting for that Annihilus for more than a year now.
Right?I can't believe we've been waiting for that Annihilus for more than a year now.
Nearly 2 years, in fact. Sure they revealed the proto at NYCC 2023. It has been my most anticipated Marvel figure ever since, which sucks…
I'm told the only reason they went to ToyFair is because they paid for the space and couldn't get a refund.
This is a weird answer though. Sure the convention space is expensive and if it's non-refundable that's a sunk cost. But why throw good money after bad? It's not free to pack stuff up, send staff to the convention site, pay for hotel rooms in town, all to display defunct product that you know will never be made... that doesn't track at all. They had to have at least some hope that displaying there could net a positive outcome for them somehow or why burn money for no reason?
A lot of the stuff you mentioned also has to be paid for far in advance and is likely nonrefundable. It's probably easier to just carry on and continue playing music while dodging deckchairs. It's not like they get to take any of that money with them.
I mean - hotel rooms are cancelable and usually refundable unless it's super last minute, transportation costs also usually reversible with a little notice - and maybe that money saved could pay a couple of salaries for an extra month instead of a useless con appearance ...
its' not like it matters to me personally... it just seems like it would be a weird choice for the company to make so, seems like still going to Toy Fair there was at least some faint hope it could net a positive result.
I worked the file room at a crop insurance company that went under. It business as usual (minus any damn given toward securing company property) until they locked the doors. Several people took anything that wasn't nailed down home with them. That's just my first-hand experience, though.
Companies in situations like DST tend to operate BAU until they literally can't. It's like a form of denial, which I think most can empathize with. Especially so long as there is a sliver of hope the company can be saved, putting up a good front can help sell the business and maybe it even helps the team working the event network should the company go under. I'm not surprised they were there.
I'm not an action figure maker guy, but wouldn't the production on most of these Selects most likely been already paid for in advance? Seems like the older lot, so everything but Hobby, Wolverine and DP should be okay at the very least.
@shinigami-customs
It's a solid assumption. One of many, many unknowns is how long Diamond knew of inevitable failure before we did. They could have been soliciting preorders externally without doing any of the internal work to actually get the product out. It's a cynical possibility, but not impossible.
Terms likely can be all over the place. Depending on contracts or agreements. Bigger well known companies generally get better terms then smaller start ups. The have better "credit" as it were. While it may have paid for its production costs, maybe it hasn't reached the point to pay for its packaging or shipping costs. No business wants to pay 100% of all associated costs out of the gate. Who knows what billing schedule these companies have.
I'm pretty sure that Diamond has been in some level of financial trouble ever since 2020, if not before. However, poor decisions during the pandemic led them to losing what had almost been a monopoly on market share prior to.
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