Alliance Entertainment acquires Diamond Comic Distributors in bankruptcy auction

Alliance Entertainment — no relation (before now) to Alliance Games — announced today it has won its bid to acquire “substantially all” assets from Diamond Comic Distributors. Alliance is a Florida-based distributor of toys, video games, and vinyl records. Alliance Entertainment trades on NASDAQ as AENT, where its market cap today is $200 million. The … Read more

Diamond files Chapter 11

Words that were unthinkable a decade ago: Diamond Comic Distributors has filed for Chapter 11 protection. The company said it’s received financing to continue to operate as it sells off assets. Universal Distribution, which once wholesaled for Diamond in Canada, has bid for Diamond UK and Alliance Game Distributors. Diamond is seeking offers for its … Read more

Image moves exclusive distribution from Diamond to Lunar

Nearly all the partners have changed, three years after the pandemic caused Diamond to shut down for several weeks, prompting DC comics to ultimately take its distribution elsewhere. Image announced today it was moving to Lunar as its exclusive distributor effective in September — though Diamond also announced that it would continue to supply those … Read more