HUNT VALLEY, Md.--(BUSINESS WIRE)--Diamond Comic Distributors (“Diamond” or “the Company”), today announced that the United States Bankruptcy Court for the District of Maryland (“the Court”) has approved a combined bid by Universal Distribution LLC (“Universal”) and Ad Populum to acquire the assets of Diamond Comic Distributors. Under the agreement, Universal will acquire the assets of Alliance Game Distributors, and Ad Populum will acquire the assets of Diamond Comic Distributors, Diamond Book Distributors, Diamond Select Toys & Collectibles, Collectible Grading Authority, and other related assets. Diamond UK remains separate from this sale process. The transaction is subject to final closing.
“We are pleased that the court has approved Universal and Ad Populum’s combined bid. Our priority during this process has been to minimize disruption to publishers, retailers, our employees, and comic and games fans everywhere,” said Diamond Chief Restructuring Officer Robert Gorin. “We are confident that this will provide the best outcome for everyone involved.”
“This expansion into the U.S. market through our acquisition of Alliance Game Distributors marks a pivotal moment for Universal Distribution,” said Angelo Exarhakos, President and CEO of Universal Distribution. “We’re committed to building strong, transparent partnerships and ensuring that Alliance continues to serve as a reliable and resilient link in the supply chain.”
“Ever since I was young, I’ll never forget walking through the front door of my neighborhood shop and spotting those iconic Diamond Comic boxes, each one opening to reveal my dreams and ambitions,” said Joel Weinshanker, Managing Director of Ad Populum. “We’re incredibly excited to build on Diamond’s remarkable legacy by bringing Ad Populum’s best-in-class sales, marketing, and distribution to the next chapter.”
About Diamond Comic Distributors
Founded in 1982, Diamond Comic Distributors offers a multi-channel platform of publishing, marketing, and fulfillment services, coupled with an unparalleled global distribution network for its retailers, publishers and vendors. Diamond’s mission is simple: to provide our customers the best in products, price and personalized service. Learn more at https://www.diamondcomics.com/
About Universal Distribution
Universal has been distributing to hobby stores in Canada for over 30 years, servicing the needs of retailers in comics, collectible toys & figurines, sports and non-sports cards, collectible card games, and role-playing games.
About Ad Populum
Ad Populum aligns corporate strategy and fosters growth across its unique roster of consumer products and entertainment brands by leveraging its strong global retail distribution, product development, and manufacturing capabilities. Across its roster of brands, including NECA, Kidrobot, Wizkids, Chia Pet, Rubies, Smiffys, Enesco, Graceland, and more, Ad Populum is the largest producer of pop culture goods and experiences, targeting everyone from Boomers to Gen Z.
i for one am glad Diamond is gone. They were a pain to work with if you were a mom and pop. They would always give popular stock to bigger outfits and forced you buy a lot of garbage every month to meet their minimums. Hopefully this new company makes it more equitable.
Alliance Entertainment Holding Corporation (Nasdaq: AENT), a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, and collectibles, today announced that it has been selected as the winning bidder to acquire substantially all of the assets of Diamond Comic Distributors, Inc., currently being sold through a court-supervised bankruptcy process. The proposed acquisition, which is subject to Bankruptcy Court approval, includes Diamond Comic Distributors (U.S.), Alliance Game Distributors, Diamond Select Toys & Collectibles, and Collectible Grading Authority, which collectively represent a 42-year-old enterprise recognized as a category-defining leader in comic books, tabletop games, pop-culture merchandise, and collectible grading.This is a transformative opportunity to expand our leadership in the world of gaming and physical collectibles and deepen our reach into thriving fan-driven categories, said Jeff Walker, CEO of Alliance Entertainment. With their legacy of exclusive titles, deep retail relationships, and strong presence in comics, tabletop games, and collectible merchandise, these businesses are highly complementary to our existing distribution and fulfillment model. We see powerful cross-selling potential between our product lines and customer bases, expanding the reach of our expanded product portfolio across both mass retail and specialty channels.
Were incredibly honored to welcome the talented teams from Diamond Comic Distributors, Alliance Game Distributors, and Collectible Grading Authority to the Alliance Entertainment family, said Bruce Ogilvie, Executive Chairman of Alliance Entertainment. These are passionate professionals who have built deep relationships across the fandom, hobby, and collectibles communities. We look forward to supporting them, learning from them, and investing in their success. To the suppliers, creators, and publishing partners that make this ecosystem so dynamic, were excited to collaborate and build lasting value together. And to the customers who rely on these brands every day, we remain committed to delivering the excellent service and reliability you expect, and taking it even further.The acquired businesses bring a combination of scale, cultural cachet, and commercial reach. Together, Diamond Comic Distributors (U.S.), Alliance Game Distributors, and Collectible Grading Authority support over 5,000 retail storefronts, ranging from independent comic and game stores to specialty retailers, mass-market chains, and leading e-commerce platforms.Through these businesses, Alliance Entertainment will gain deeper access to a highly engaged community of retailers and fans who form the backbone of the $50+ billion global market for tabletop games, collectibles, comics, and pop culture merchandise. These businesses have long-standing relationships with many of the most iconic brands and publishers in the fandom ecosystem, including:Dungeons & Dragons, Magic: The Gathering (Wizards of the Coast / Hasbro)Pokmon Trading Card GameMarvel, BOOM! Entertainment, and Dark Horse ComicsDragon Ball, One Piece, Digimon (Bandai Namco)Alliance Game Distributors is a category leader in the fast-growing tabletop games sector, offering over 15,000 unique SKUs to 3,000+ independent hobby retailers across North America. It partners with over 150 game publishers, delivering industry staples and breakout hits in card games, board games, role-playing games (RPGs), and miniatures.Diamond Comic Distributors (U.S.) is the industrys long-standing distribution backbone for comic books, graphic novels, action figures, and licensed collectibles. With over 40 years of history, it remains the go-to fulfillment engine for 2,500+ comic shops and thousands of additional retailers through its flagship PREVIEWS catalog, which reaches 30,000+ readers each month.Collectible Grading Authority brings a high-value service layer to Alliances offering, having authenticated and graded over 500,000 collectibles for dealers, collectors, and auction firms in more than 50 countries.These businesses will not only expand Alliance Entertainments product portfolio, they extend its market coverage. With substantial account overlaps already identified, the acquisition will enable immediate cross-selling potential: introducing Diamonds fan-favorite intellectual property into Alliances mass retail and e-commerce channels, while bringing Alliances extensive catalog of physical media and licensed merchandise into thousands of specialty accounts.This transaction will position Alliance to deliver long-term value by bringing together some of the most iconic fan-driven brands in the world with the industrys most efficient and scalable distribution platform, added Walker. It aligns directly with our strategy to grow through high-impact, capital-light opportunities that strengthen our market share and expand our margin potential. By integrating these assets, were increasing our product exclusivity, expanding retail and e-commerce reach, and unlocking new cross-channel synergies, all while staying disciplined in our operational execution. This is exactly the type of opportunity that supports our long-term goals for sustainable growth, profitability, and shareholder value.Alliance Entertainment intends to finance the acquisition through an amendment to its existing $120 million Revolving Credit Facility, which it expects to increase to $160 million. The amended facility will be secured by a pledge of the acquired assets, alongside the Companys existing collateral. The transaction and credit facility amendment are expected to close in April 2025, subject to final bankruptcy court approval and customary closing conditions.About Alliance EntertainmentAlliance Entertainment (NASDAQ: AENT) is a premier distributor of music, movies, toys, collectibles, and consumer electronics. We offer over 325,000 unique in-stock SKUs, including over 57,300 exclusive compact discs, vinyl LP records, DVDs, Blu-rays, and video games. Complementing our vast media catalog, we also stock a full array of related accessories, toys, and collectibles. With more than thirty-five years of distribution experience, Alliance Entertainment serves customers of every size, providing a robust suite of services to resellers and retailers worldwide. Our efficient processing and essential seller tools noticeably reduce the costs associated with administrating multiple vendor relationships, while helping omni-channel retailers expand their product selection and fulfillment goals. For more information, visit www.aent.com.
19 hours ago, Admiralty_Entertainment said:I'm sure Todd would be looking strongly at snatching up Diamond Select Toys if it were a backdoor way to get the license for 7-inch Marvel figures...
Yes, yes, I think so too, I just don't know whether to be happy about it or not, will it be good for "us" (who knows)? Basically, I would be happy if they would release Marvel figures like DC(so we don't regret it:).
2 hours ago, Steven3 said:Well that's sad, I hear McFarlane Toys are already rubbing their hands together to see if they can get a piece of it.
I'm sure Todd would be looking strongly at snatching up Diamond Select Toys if it were a backdoor way to get the license for 7-inch Marvel figures...
Well that's sad, I hear McFarlane Toys are already rubbing their hands together to see if they can get a piece of it.
After they lost DC and marvel I thought coming
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