Diamond Comic Distributors is dead. It ceased any form of operations on December 31st, 2025. That said, they have managed to screw over everybody one last time from the metaphorical grave. Folks may recall that Diamond was in Chapter 11 bankruptcy at first and supposedly planned to pay back everyone what they were owed. This led to some fiascos as they tried to liquidate inventory in their warehouses that did not belong to them from publishers...who they needed to sell the stuff to pay back--talk about borrowing from Peter to pay Paul, as the expression goes! Eventually, everything shifted to Chapter 7--meaning there would be no reorganization as opposed to totally shutting down and being stripped for parts. This led to some hope that there would be a bit of money for the many parties owed funds. Well, as Bleeding Cool posted, " It appears that the millions raised from selling parts of the company to Ad Populum, Universal Distribution, and the managers of Diamond UK, will be wiped out by legal fees and bank fees, which have been mounting up over the past year."
So much was spent on all the lawsuits and bank fees that there are zero dollars for the people Diamond entered bankruptcy in the first place to supposedly pay back. That means,"...looking at the detailed individual listings, no one is getting anything in those Final Allowed Amount columns. Whether you are Penguin Random House, owed $8,941,467.05, or a former employee, Chris Powell, owed $11,900. The legal case continues through the courts, especially over the consigned inventory, but it seems the courts have already found against comic book publishers Valiant, Netcomics, and Digital Manga."
Yep, everyone gets nothing, nada--to quote Willy Wonka, "You lose! Good day, Sir!" This is the equivalent of going to a reading of a will and finding out your dear departed Granny left all her money to the pool boy/girl, and all your books you had at her house were being used as collateral for her gambling debts. I joke...but not really? It remains wild to think how Diamond spent 2025 declaring bankruptcy in January and being dead and gone by December. Now, it's both depressing and a bit impressive that it managed one final, "Up yours," to everyone.













