Titan Comics Vs Diamond Comic Distributors over just what on Earth happens next, with bankruptcy, the US courts and contracts
AENT Archives
Bankruptcy Court confirms that Alliance Entertainment, or AENT, has bought Diamond Comics at auction, but their lawsuit must be withdrawn
The Baltimore bankruptcy court declares that Alliance Entertainment/AENT is to be the new owner of Diamond Comic Distributors... for now
The winning bidder in the auction, music/DVD/merch distributor Alliance Entertainment, was then rejected by the debtors of Diamond in favour of a smaller combined bid from Canadian comics distributor Universal Entertainment and pop culture manufacturer and licensor Ad Populum, which would split the assets of Diamond Comic Distributors between them.
Ad Populum, AENT, Diamond and Universal[...]
This is what we know, from the top, with links.
Alliance Entertainment and Diamond Comic Distributors
On the announcement of Chapter 11, Diamond started a 13-week bankruptcy process run by financial firm Raymond James, got finance to operate, and announced an auction for its assets.
Those assets included Diamond Comic Distribution, Alliance Gaming Distribution, Diamond Select Toys, CGA[...]
Alliance Entertainment boss Bruce Ogilvie talks about why they bought Diamond Comic Distributors and his plans for the direct comics market.
As part of Bleeding Cool's reportage of the Diamond Comic Distributors' Chapter 11 bankruptcy proceedings, including the agreed winning bid for the majority of the company from Alliance Entertainment or AENT, we noted the contracts that were being transferred from Diamond to Alliance Entertainment But it looks like this may be a rocky road ahead[...]