B&N Warns of Delayed Payments
Offices are shutting down due to the pandemic , and that is throwing a wrench into previously orderly operations. Messages are going unanswered, and now Barnes & Noble has warned that its royalty payments could be delayed as a result of shifting its staff to work at home.
Draft2Digital sent out an email today, warning that B&N royalties could be delayed.
As the effects of the COVID-19 outbreak continue to impact the industry, some of our retailers are having to adjust to new ways of operating certain aspects of their business.
As a result, Barnes & Noble has informed us that they are experiencing some delays in processing payments for February sales, due to having to shift to remote operation.
We will continue to monitor and make any updates to royalty reports as those come in. At this time, we are hopeful the payment will be received from B&N before the April 15th royalty payments are applied. However, if they come later, we will make a second payment of royalties immediately after we receive the funds.
The pandemic has also disrupted supply chains. While Amazon has not announced a delay to payments, it is delaying shipments of non-essential products. (I’ve been waiting 3 weeks for an order that would usually arrive within a couple days.)