The saga of Diamond Comic Distributors is decades long, but the tale of its rapid decline officially starts in January of this year, when bankruptcy was announced (apparently, trouble started some year ago, but things weren't really bad until 2024). From that point, Diamond attempted to survive, find a buyer, told that potetial buyer to shove off, got new buyers, and around May the company that took over the comic-book aspects of Diamond (Ad Populum) made the, "New," Diamond awful to work with to the point anyone who hadn't already fled the company quickly did as Ad Populum seemed to be trying to sink the corporation and sell its parts/assets for pennies on the dollar.
It only got worse when it was revealed that over 100 publishers with stock on consignment could have that inventory liquidated, with Diamond using the money to pay debts--zero profits would go to the publishers who had those books there on consignment with the understanding it was their property. It's incredibly scuzzy, and now a number of publishers are teaming up to fight Diamond in the courts and stop all the B.S. being pulled. I say this is good to see publishers working as a group against the remnants of Diamond. When it was the, "Old," Diamond it was anything but perfect, with plenty of people griping. The, "New," Diamond that Ad Populum has created is a travesty, however, and I'd be shocked if any comic stores still are using Diamond in any capacity for comics considering almost everyone has left Diamond or plans to for other distribtuion methods (PRH, Lunar, direct-to-store, rumored new distributors, and so forth). To see Diamond is now little more than a shell/husk being stripped for metaphorical parts by Ad Populum is sad to witness--at least comic companies are going to fight against being screwed over further by Diamond!