AENT Archives

This session was originally meant to look at the Alliance Entertainment (or AENT) purchase of Diamond Comics Of course, since that meeting was arranged, this has changed AENT has pulled out of the purchase and has filed a lawsuit alleging fraud and deception on Diamond's part over the contracts regarding Wizards Of The Coast A[...]

Alliance Entertainment, or AENT, is suing Diamond Comic Distributors over the details of how the Chapter 11 bankruptcy process played out In this process, they were named the highest bidder for Diamond, initially rejected by the debtors, confirmed by the courts, and then terminated the purchase agreement themselves.  The current lawsuit claims that Diamond "fraudulently[...]

Why did Alliance Entertainment or AENT terminate its agreed and won purchase of Diamond Comic Distributors? Under Chapter 11 bankruptcy, and based on court documents, there are only a few reasons it would be allowed to And Bleeding Cool is going to go through them all and share some of out thoughts on the matter. To[...]

Yesterday, Bleeding Cool ran the news that pop culture distributor Alliance Entertainment or AENT were cancelling their high eight-figure planned purchase of Diamond Comic Distributors, despite winning the Chapter 11 bankruptcy auction and having the courts confirm their right to purchase when Diamond's debtors stated they preferred a lower bidder, Universal Distribution/Ad Populum. Emily Boticas, Vice[...]

Alliance Entertainment or AENT has issued an SEC filing as a Notice Of Termination over their agreement won in Chapter 11 bankruptcy auction to buy  Diamond Comic Distributors. SEC filing screencap The filing states first that"On April 25, 2025, Thomas Finke advised the Board of Directors of Alliance Entertainment Holding Corporation (the "Company") that he is resigning[...]

Titan Comics Vs Diamond Comic Distributors over just what on Earth happens next, with bankruptcy, the US courts and contracts

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Court confirms that Alliance Entertainment, or AENT, has bought Diamond Comics at auction, but their lawsuit must be withdrawn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[...]