bankruptcy Archives

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[...]

Diamond Comic Distributors has gotten a bit more cash from JP Morgan Chase for their Chapter 11 bankruptcy operations, and that, it seems, includes publishing a Previews catalogue for next week, even if the contents are a little more on the thinner side right now With Dynamite, who have stuck with Diamond through thick and[...]

In a recent filing with the United States Bankruptcy Court for the District of Maryland, Trustee Matthew W Cheney has lodged a strong opposition to two motions presented by Diamond Comic Distributors and its debtors in their ongoing Chapter 11 bankruptcy case.  Filed today, he contests Diamond and the Debtors' proposals to implement key employment[...]

Yesterday Bleeding Cool posted the hot rumour, heard in previous weeks, that Todd McFarlane is an interested purchaser of Diamond Comic Distributors, currently going through Chapter 11 bankruptcy proceedings With today as the final day for parties to register their interest and bids on certain aspects of Diamond's operations I posted the report on Bleeding[...]

 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, Inc., 320 Park Avenue, 12th Floor, New York next week. Tomorrow, the deadline for registering bids for auction for the assets of Diamond Comic Distributors are up for[...]

The secured financial package courtesy of JP Morgan Chase Bank, allowing Diamond Comic Distributors to keep trading while in Chapter 11 bankruptcy protection, has also allowed Diamond to a) pay staff, b) pay publishers for new stock, and c) hire some new help Such as Katz A Bosch for 401(k) Auditing Services Well, sure, they[...]

The Diamond Comic Distributors bankruptcy auction is almost upon us Monday, the 24th of March,  two weeks to the day As well as everything from Free Comic Book Day, Diamond UK, Alliance Games and Gentle Giant up for grabs, there are also the contents of the warehouses Forty years equals a lot of stock; there[...]

Whatever the laws say about bankruptcy, if they KNEW they were going to file for bankruptcy and did not warn publishers that payments for any books sent could be tied up in bankruptcy court, that's premeditated theft of product to my mind And if they announced bankruptcy while books were en route to them and[...]

But is this the last appearance for Diamond Previews? #gallery-1 { margin: auto; } #gallery-1 .gallery-item { float: left; margin-top: 10px; text-align: center; width: 50%; } #gallery-1 img { border: 2px solid #cfcfcf; } #gallery-1 .gallery-caption { margin-left: 0; } /* see gallery_shortcode() in wp-includes/media.php */ Diamond Previews Diamond Previews It is being hit by four major things. Diamond Previews is an expensive catalogue, in time and money, to assemble and publish, and relies on[...]

Bleeding Cool has a copy of the official documents sent to debtors of Diamond Comic Distributors in the wake of their declaration of Chapter 11 bankruptcy at the beginning of the year You can follow Bleeding Cool's in-depth coverage of that story here It lists the assets being auctioned as Diamond Comic Distributors, Diamond Book Distributors, Alliance[...]

As part of Diamond Comic Distributors' filings for Chapter 11 bankruptcy, as well as all the money they owe people, they also list $22 million in debts from people who owe them, a million dollars of which is labelled as from doubtful or uncollectible accounts And they also list $11 million in debts over 90[...]

I've been continuing to dive into the Diamond Comic Distributors filings for Chapter 11 bankruptcy And have come out of the pool, shaken, stirred, and plenty of numbers and statistics stuffed in every orifice While we knew there was $31 million in debts to the top thirty accounts, the total unsecured claims are north of[...]

Diamond Comic Distributors have filed for Chapter 11 bankruptcy and its currently being chopped up and sold off What will survive of it, we have yet to see. Some of their assets are conceptual ones As well as listing the nuts and bolts of the organisation, such as the likes of Free Comic Book Day and[...]

Fantagraphics drops out of Free Comic Book Day for 2025 and pulls their Lost Marvels by Howard Chaykin preview.

According to paperwork filed with the courts regarding Diamond Comic Distributors' Chapter 11 bankruptcy proceedings, the Debtor Investment Banker Raymond James has been looking for potential purchasers of Diamond Comic Distributors' assets They have contacted one-hundred-and-sixteen parties, sixty-two of whom were previously contacted before the bankruptcy petition was filed and fifty-four of whom were reached[...]

Bleeding Cool continues to report on Diamond Comic Distributors' Chapter 11 bankruptcy situation The United States Trustee has appointed the following creditors to serve on the Official Committee of Unsecured Creditors of Diamond Comic Distributors and associated companies. Little Buddy Toys of Anaheim, California Simon & Schuster, of Riverside, New Jersey Titan Publishing Group Limited/Titan Comics of Southwark, London,[...]