We received notification from our retail partner Libri GmbH ("Libri"), who shows up on the D2D dashboard as Tolino, that the German retailer Weltbild GmbH & Co. KG has filed for insolvency. Libri has also informed us that Weltbild is in default of its May payment and as such has had its ebook distribution rights withdrawn.
What this means for you
Although Weltbild cannot pay D2D at this time, if you had sales in Weltbild during May 2024, D2D will cover the payments that are owed to you. You will receive payment on or around July 15th as normal.
Weltbild is one store among Tolino’s expansive European network. Tolino is a German consortium whose retail reach spreads across four countries and includes over 1,000 retail stores in Germany alone and hundreds of stores in other countries. Your ebook distribution to other retailers in the Tolino network will continue uninterrupted.
Going forward, we will keep you updated regarding any new developments.
Thank you for trusting us with your publishing business.
