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Where does the money from sales of products of defunct companies tend to go...? (lemm.ee)

submitted 6 months ago by ALostInquirer@lemm.ee to c/nostupidquestions@lemmy.ca

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I know this will vary a lot with each product, but I'm curious about all the different weird ways this goes down in different industries.

Whether we're talking movies/music/books/games/shows, random toys or as seen on tv things that there must be a bunch of failed companies involved with or whatever else, I'm curious to know!

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[–] Lemjukes@lemm.ee 3 points 6 months ago

Wholesalers, retailers, lawyers, etc. When a company goes under it usually involves some form of liquidation of assets, ie selling as much of the physical business as possible. Everything from leftover stock/product to the literal shelves that product was sitting on will sometimes get sold to another business/company or get auctioned off by lot. In the end, if you own the merchandise, as long as the product itself wasn’t banned by a regulatory agency, you’re free to sell it like any other merchandise. So to answer your question, whoever you bought it from.

NB: i have no expertise and could be entirely wrong about everything.