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 firm says the Diamond purchase came out of its existing $120 million line of credit which it expects to increase to $160 million. Its history is here.
Diamond was founded on Feb. 1, 1982 by Steve Geppi; this ends his 43 years of ownership. Our distribution timeline is here.
Comichron founder John Jackson Miller has tracked the comics industry for more than 25 years, including a decade editing the industry’s retail trade magazine; he is the author of several guides to comics, as well as more than a hundred comic books for various franchises.
He is the author of novels including Star Wars: Kenobi, Star Wars: A New Dawn, Star Trek: Discovery – The Enterprise War, and his upcoming release, Star Trek: Strange New Worlds – The High Country. Read more about them at his fiction site.
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