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Alliance Entertainment is suing Diamond Comic Distributors over the results of their recent bankruptcy auction. Diamond declared Chapter 11 bankruptcy in January, and Alliance was the high bidder on its assets with a bid of $72,245,000 (and widely reported as the winner in March). Universal Distribution and Ad Populum entered a joint bid of $69,130,000, “with Universal getting Alliance and Diamond UK, and Ad Populum getting Diamond Comics, Diamond Select Toys and everything else,” and were named the back-up bid. A hearing was set for Monday in the U.S. Bankruptcy Court in the District of Maryland to ensure the legality …
Deal of the Day
Author of IT BEGINS WITH YOU and relationship expert Jillian Turecki's DIFFICULT: MAKE PEACE WITH YOUR PARENTS, KNOW YOUR WORTH, AND FINALLY CHOOSE YOURSELF, reflecting on the author's father Stanley Turecki's book, THE DIFFICULT CHILD, and showing readers how to reframe their early childhood experiences, make peace with their parents, and bring a higher sense of self-worth into their relationships with their partners and children, with tools for … read more
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