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posted ago by MassivePecorino ago by MassivePecorino +13 / -0

Long story short, Small Press Distribution, one of the last truly independent small publishers has shut down. Before they went bankrupt, SPD ran a fundraiser to transfer all of their stock to Ingram (think Sam's Club for books) and use Ingram to hold their stock and ship it as needed. But then Ingram slow rolled the process and SPD went totally bankrupt. Now Ingram has sent an email to all the people whose stock they're holding telling them they have 60 days to come get their shit or it's getting turned into insulation.

The email directs publishers to fill out a form by April 17, providing Ingram with instructions about where to send their titles—at the presses’ own cost. But what has publishers most anxious is Ingram's plan to “recycle” any inventory remaining at the Ingram warehouse after 60 days. ... The email also notified publishers that with the closure of SPD, Ingram’s warehouse and fulfillment agreement with the distributor has ended and that Ingram has stopped fulfilling orders.

And why 60 days? That's the end of the fiscal quarter, and Ingram doesn't want stock on hand they can't sell or write off. They don't want to run afoul of the IRS, after all.