Court Hearing to Approve the Bid for Diamond Comic Distributors set for Monday April 7

Diamond Comic Distributors has 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. The United States Bankruptcy Court for the District of Maryland has scheduled a hearing for Monday, April 7, to consider Diamond’s request for the approval of the sale. All divisions of Diamond will continue to operate in the ordinary course as the process continues. Diamond’s U.K. business operations are not included in the proposed sale and continue to operate business as usual as well.

In January 2025, Diamond Comic Distributors declared Chapter 11 bankruptcy creating a shockwave within the comic industry. In the announcement, the distributor listed its liabilities in the $50-$100 million range with assets around the same amount and creditors between 1,000 and 5,000. In March 2025, Alliance Entertainment’s bid was the one accepted to acquire Diamond Comic Distributors (U.S.), Alliance Game Distributors, Collectible Grading Authority, and more.

Below is the official court notice: