diamond Archives

The United States Bankruptcy Court has approved the latest amendment to the Debtor-in-Possession (DIP) Credit Agreement between Diamond Comic Distributors, its debtors, and JPMorgan Chase Bank This means that Diamond Comic Distributors can keep going under Chapter 11 bankruptcy protection, even though it was just bought by Ad Populum in a bankruptcy auction And maybe[...]

Penguin Random House have now pulled all their books from third-party distribution by Diamond Comic Distributors, or in PR teams "would like to thank Diamond for their partnership and contributions to the marketplace" but would also like their nine million dollars back please, co comic book retailers are going to have to go via Penguin[...]

Michael Dolce of comic book publisher Dren Productions saw the recent news we reported about Dynamite pushing to get half a million dollars in payment from Diamond Comic Distributors for recently shipped titles This should have been covered by the DIP funding during Chapter 11 bankruptcy, and Dynamite was trying to claim it as an[...]

Udon Entertainment and Manga Classics have told comic book retailers that they are to halt all shipments to Diamond Comic Distributors until further notice, and that any open Diamond orders should be considered as cancelled This will also impact on the timeliness of releases such as Mega Man Timelines. In a statement, Udon says; "UDON Entertainment and[...]

Dynamite Entertainment has filed new paperwork with the US Bankruptcy Courts regarding the Chapter 11 bankruptcy of Diamond Comic Distributors, now bought by Ad Populum Dynamite is claiming that payments that should have been made over the last few weeks, for comic books and merchandise delivered, should be counted as "administrative expenses" Dynamite claims the[...]

Last week, Diamond Comic Distributors filed a motion in the United States Bankruptcy Court, regarding their access to a special loan they took to keep their business running during their Chapter 11 bankruptcy process This loan, called a Debtor-in-Possession (DIP) Credit Agreement from JPMorgan Chase Bank, was for a maximum amount of $5.8 million and[...]

Diamond Comic Distributors has issued the following letter to comic book publishers and other vendors owed money as part of the Chapter 11 bankruptcy case, and purchase by Ad Populum, addressing current vendor concerns about recently-due payments that hadn't arrived as expected The letter reads as follows; "As we navigate the transition in ownership, we wanted[...]

Diamond Comic Distributors has sent out the following message to comic book retailers It reads as follows. Dear Diamond Customer: As you know, Diamond Comic Distributors is now part of the Ad Populum family This marks a new beginning with a future of greatly enhanced product offerings, as well as a time of transition Naturally, it also[...]

Next week, Diamond Previews will arrive in comic book stores But due to the news that Penguin Random House is pulling Marvel, Dark Horse, IDW, Dstlry, Boom, TokyoPop out of third-party Diamond Comic Distribution, what will be in this catalogue may not be all orderable, probably leading to considerable confusion The future of Diamond, recently[...]

Hermes Press has told its customers that Diamond Comic Distributors has "laid off most of their employees, effectively halting distribution of our products and many others." Their statement reads as follows: "For the past 20 years, Hermes Press has used Diamond Comics for distribution to comic shops and websites like Amazon In January, Diamond declared bankruptcy[...]

In a statement, Diamond Comic Distributors/Ad Populum confirmed to Bleeding Cool today that "Diamond Comic Distributors today confirmed that Penguin Random House will end its distribution arrangement with Diamond, effective June 25, 2025." And a Diamond spokesperson issued the following statement: "It's disappointing that after years of collaboration, Penguin Random House has abruptly cut off[...]

Two hours ago, I broke out the news on Bleeding Cool that Penguin Random House had pulled the ability for comic book retailers to order their Marvel, Dark Horse, IDW, TokyoPOP, Boom Studios and Dstlry titles through Diamond Comic Distributors as a third-party distributor I also wondered how this would affect Diamond UK, which is[...]

However, aside from DC, they all allowed former direct market monopoly Diamond Comic Distributors to sub-distribute from Lunar and PRH to comic book stores who still preferred to deal with Diamond Indeed, I am told that around 15-30% of direct market retailer orders for those publishers were still through Diamond, even though they were cheaper[...]

In April, Bleeding Cool reported that the US Bankruptcy courts of Baltimore had 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[...]

Diamond's ComicSuite is a customised software option that integrates with Retail Hero's Retailer Management Hero to create a point-of-sale system specifically geared toward comic book speciality retailers. I recently reported on Bleeding Cool that Diamond Comic Distributors was laying off Comicsuite, Pullbox, and their website tech support department after it was agreed that they would be[...]

Diamond Previews is, depending on who you talk to, an unwieldy, impenetrable catalogue of comic books and comic-related ephemera that takes up way too much space, and in a digital age, a fossil of the direct comic book industry Or a vital beating heart of modern comics, exciting, involving, inviting, and sometimes better than the[...]

When I first had comic books published and solicited through Diamond Comic Distributors back in the mid-nineties, I dealt with Mark Herr. He was at Diamond Comics from 1985 until 2005, rising to Director of Purchasing, and then Director of Sales at Diamond International Galleries until 2009 These days, he works in grocery retail, but he[...]

It was only three weeks ago that Emily Botica, Vice President, Publisher Relations & Marketing at Diamond Comics, was declaring that everything was "business as usual" with new "partners", Ad Populum and Universal Distributors, buying Diamond as part of the Chapter 11 bankruptcy proceedings playing out since the beginning of the year Two weeks ago, Lance[...]

ComicSuite and Pullbox are software services provided by Diamond Comic Distributors for retailers and customers that help them manage orders, subscriptions, received product and the like Yesterday, as I was heading to bed, I got a note telling me "Adpop/Diamond laid off comicsuite/pullbox/website tech support department…  Mid Friday afternoon, everyone in the Point of Sale[...]

But after this week's court hearings, Universal Distribution LLC and Ad Populum have officially completed the acquisition of Diamond Comic Distributors and their related assets, such as Alliance Gaming, Diamond Select Toys, Diamond Book Distributors, CGA, and more, after a controversial Chapter 11 bankruptcy process. So, who gets what? As agreed, Canadian comics and games distributor[...]

Recently, Bleeding Cool reported that a partnership and investment deal from Kodansha had got the boutique comics publisher Dstlry into the direct market listings for Penguin Random House alongside Marvel, Dark Horse, IDW and Boom, after they were a) looking for non Diamond options and b) pissed on their chips over at Lunar as they[...]

Earlier today, Bleeding Cool pointed out that tomorrow the finalising of the sale of Diamond Comic Distributors to Ad Populum, and of Alliance Gaming to Universal Distributors, as part of Chapter 11 bankruptcy proceedings, will be finalised And while finalizing that sale on May 14, 2025, is still the plan according to documents filed today,[...]

But tomorrow, the sale of Diamond Comic Distributors to Ad Populum, and Alliance Gaming to Universal Distributors, will be finalised, and the company will begin to exit Chapter 11 bankruptcy and stay far, far from Chapter 7 bankruptcy That is, of course, if nothing goes wrong. Bleeding Cool understands that we are not to expect any[...]

As part of the current Diamond Comic Distributors Chapter 11 bankruptcy proceedings, all lawyers and legal firms have been hired for one part of the proceedings or another Lowenstein Sandler, co-counsel to the Official Committee of Unsecured Creditors, is billing half a million a month, at around $1000 an hour The Berkeley Research Group, authorised[...]

Diamond Comics' accounts leak was the most-read story on Bleeding Cool yesterday again Lying In The Gutters is the daily runaround for the most-read stories the day before, as well as over the past six years Founded sixteen years ago and steeped in a history of comic book industry gossip for a further eighteen years[...]

As part of their filings for Chapter 11 bankruptcy, Diamond Comic Distributors has been filing all manner of procedural forms, reports, contracts and legal statements It also seems that all comic book retailers with a Diamond account have also received them, whether by post or e-mail Which also means that this action has to be[...]

Last week, Bleeding Cool reported court filings in the Chapter 11 bankruptcy proceeding of Diamond Comic Distributors that detailed the purchase by the now-winning bidders, Universal Distribution and Ad Populum/Sparkle Pop That Universal will pay almost $50 million plus or minus a few other factors, and would own Diamond's Alliance Game Distributors, with a separate[...]

During the Chapter 11 Bankruptcy, Skyrush Marketing of New York City and Long Island posted a press release saying that they had been selected as the highest bidder for Collectable Grading Authority (CGA), the Diamond-owned collectables grading business in the Chapter 11 bankruptcy auction for Diamond Comic Distributors. "We have avid collectors on staff who understand[...]

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[...]

All 45 Free Comic Book Day titles for 2025 from Charlie Brooker's Black Mirror to Post Malone's Big Rig... and the seven that were junked