bankruptcy Archives

When the Diamond Chapter 11 Bankruptcy auction at Raymond James offices was finalised, the winner was announced as Alliance Entertainment/AENT Bruce Ogilvie, AENT chairman, was then invited onto a podcast with comic book retailers Dennis Barger and Jesse James after, apparently, watching my performance on the Beyond Wednesdays podcast the previous week, talking about the Diamond situation[...]

Diamond Comics has been sold but who gets what? And what about Diamond UK? And don't forget those lawsuits....

Bleeding Cool told you that a new hearing in the Diamond Comic Distributors Chapter 11/Chapter 7 bankruptcy case was taking place in the Baltimore courts today, even if the main issue they were meant to be hearing had changed significantly since it was filed. Reports from the court state that, quite simply, the Baltimore Bankruptcy Court[...]

The Diamond Comic Distributors bankruptcy situation hit the courts again today And while we are waiting to find out what, if anything, happened, here's some reaction from comic book retailers, publishers, creators, collectors, readers, and Diamond employees themselves of events over recent days… You can use these Diamond and bankruptcy tags to keep up with the[...]

Today, Diamond Comic Distributors is back in court, looking at old business with Judge Rice in the Baltimore bankruptcy court, at  10.30am Central time 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[...]

Yesterday, Bleeding Cool reported on filed paperwork by the Baltimore bankruptcy courts to turn Diamond Comic Distributors' Chapter 11 bankruptcy proceedings trying to rescue the company, to Chapter 7 bankruptcy, liquidating the company's assets and closing it down The hearing is set for a month's time, and the reasons cited are that Diamond Comic Distributors[...]

The US Bankruptcy courts of Baltimore have issued new paperwork for Diamond Comic Distributors to move it from Chapter 11 bankruptcy to Chapter 7 bankruptcy In layman's terms, that means moving from attempting to legally reorganise Diamond Comics to be an ongoing company again to liquidating its assets and closing it down for good. The official[...]

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[...]

Earlier today, Bleeding Cool looked at new legal papers being filed by Titan Comics, trying to clarify their relationship with Diamond Comic Distributors in the wake of Chapter 11 bankruptcy, claiming concern for themselves and comic book retailers, as the next round of solicits and orders are due However, as part of the paperwork, we[...]

You might have thought that the Chapter 11 bankruptcy dealings with Diamond Comic Distributors, being acquired by Alliance Entertainment, were all over bar the shouting after the court made its decision But there are some wrinkles yet to be ironed out Titan Comics and Titan Books, together as Titan Publishing, made up the main comic[...]

The Baltimore Chapter 11 Bankruptcy Court has issued an order approving the asset purchase agreement between Diamond Comic Distributors and associated companies, and the high bidder in the bankruptcy auction, Alliance Entertainment It does appear to be for everything, Diamond, Diamond UK, Diamond Select, CGA, Alliance Gaming, the lot. Diamond logo In January, Diamond Comic Distributors, the biggest[...]

Previously in the Diamond Chapter 11 Bankruptcy, the auction of Diamond Comic Distributors' assets saw Alliance Entertainment come out on top, beating out the backup joint bidder Universal Distribution and Ad Populum, as well as a lower bidder, Basic Fun. However, after the auction, and after Alliance Entertainment was declared the winner by Diamond, Diamond did a reverse[...]

Yesterday, saw the Chapter 11 Bankruptcy of Diamond Comic Distributors get its post-auction court hearing with the Honorable Judge Rice in Courtroom 9-D at the United States Bankruptcy Court for the District of Maryland at 10 am It was intended to ensure the legality of the bid and the process But the events of the[...]

In January, Diamond Comic Distributors, the biggest distributor of comic books to comic stores in the world, declared Chapter 11 bankruptcy This enabled it to keep operating while it tried to find a more permanent solution to its debts But as the court hearing approaches in a matter of hours, things have suddenly got a[...]

This morning, Bleeding Cool reported that the debtors in the Diamond Comic Distributors Chapter 11 bankruptcy case had stated that they preferred the auction joint bid by Universal Distribution and Ad Populus rather than the previous winning bid by Alliance Entertainment or AENT. Bleeding Cool confirmed that the Universal/Ad Populus bid was just over $69 million,[...]

Universal Distribution, along with Ad Populum, may also be back in the game. Earlier this year, Diamond Comic Distributors, a stalwart distributor of comics to the direct market, declared Chapter 11 bankruptcy after a tumultuous half-decade On the 24th of March, the bankruptcy auction process initially selected Alliance Entertainment as the successful bidder of the Diamond-associated[...]

Diamond Comic Distributors today announced that it is continuing to finalize documentation for the sale of the assets of Diamond Comic Distributors, Alliance Game Distributors, Diamond Book Distributors, Diamond Select Toys & Collectibles, Collectible Grading Authority, and other related assets to Alliance Entertainment (not related in any way to Alliance Game Distributors) The United States[...]

Lunar Distribution was too expensive; they couldn't amortise their shipping costs to hundreds of individual stores through a central warehouse, as Diamond UK could do, and returns or replacements were hard.  So Diamond UK distributed DC Comics, Image Comics and the rest; the deal was done, it worked (mostly), and everything was ticking along. Then Diamond[...]

This comes after Udon Entertainment also began offering its titles to the comic book store direct market through Lunar Distribution rather than just through Diamond Comic Distributors as a result of Diamond's decision to enter Chapter 11 bankruptcy measures, and recently was sold to Alliance Entertainment. Udon for FCBD "We're delighted to be working with Udon Entertainment[...]

One Bruce Ogilvie, Chairman of Alliance Entertainment who, a few days later, with his partner Jeff Walker (who was physically at the auction) would buy Diamond Comic Distributors at auction as part of their Chapter 11 bankruptcy proceedings And yesterday he was on the podcast as this week's special guest First, the guys broke down the[...]

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[...]

This morning, Bleeding Cool reported that Diamond Comic Distributors had selected Alliance Entertainment as the successful bidder in its Chapter 11 Bankruptcy Sale, held yesterday and today in New York City We can now confirm that the sale included the core operations of Diamond Comic Distributors, Inc., Alliance Game Distributors, Collectible Grading Authority, and Diamond[...]

Alliance Entertainment, the new purchasers of Diamond Comic Distributors, after their Chapter 11 Bankruptcy, are a public company and listed on the NASDAQ exchange Which means they are subject to minute by minute scrutiny with their stock price seen as the ultimate judgment in any and all of their decisions Even if very little can[...]

Alliance Entertainment Holding Corporation has announced that it has been selected as the winning bidder to acquire substantially all of the assets of Diamond Comic Distributors after Chapter 11 bankruptcy proceedings Alliance Entertainment is a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, and collectables The proposed acquisition, which is subject[...]

Comics of Philadelphia, Pennsylvania, the store that the movies Unbreakable and sequel Glass were filmed in, are the only body to have confirmed they have made a bid for Diamond Comic Distribution as part of the current Chapter 11 bankruptcy proceedings Though it is possible they may not have bid that much. Ontario St Comics from[...]

As I previously reported, today saw the auction for the assets of Diamond Comic Distribution as part of their Chapter 11 Bankruptcy procedures take place at 320 Park Avenue, New York City.  I couldn't be there, I'm in London and right now, Brits travelling to the USA are not exactly in the best position to[...]

The auction of Diamond Comic Distributors, in the light of its declaration of Chapter 11 bankruptcy announced at the beginning of the year, is being held this very second at the offices of Raymond James & Associates, 320 Park Avenue, 12th Floor, New York And hey, if they get hungry, there's a Chipotle on the[...]

The auction of Diamond Comic Distributors, in the light of its declaration of Chapter 11 bankruptcy, will be held at the offices of Raymond James & Associates, 320 Park Avenue, 12th Floor, New York in one hour's time Right here. 320 Park Avenue, New York, Google streetview The details of the auction were posted publicly in the[...]