I had previously stated that although the question of who would assume ownership of Diamond Comic Distributors had become quite messy, the so-called dust was settling, and Alliance Entertainment would assume control of Diamond, after all was said and done. Well, I guess it is time to kick up a whole new mess of dirt because baby, we're living in a metaphorical dust bowl. Yep, at the last minute AEnt. has terminated their purchase agreement of Diamond, with Diamond trying to reassure everyone they should remain calm as it will be, "Business as usual with new partners," even though this is anything but, "The usual." Anytime I see the weird, "Terminate/termination/etc." I picture that killer robot just blowing stuff up--not a calm situation at all.
Why did this happen? Does this mean the earlier joint partnership that Diamond wanted to sell to, instead of Alliance Entertainment--Universal Distribution and Ad Populum--is back in the mix? Keep in mind this is even though AEnt. went and sued Diamond to make sure they assumed ownership (before this sudden swerve). Did AEnt. stumble upon something buried in the paperwork when all was seemingly said and done, and that, "Something," made them nervous? Is it a simple case of buyer's remorse, exacerbated by the seller appearing to have a bit of their own remorse as well? This was all so cut-and-dry, then a hot mess, then settled, and now even more confusing. I would not have predicted Diamond's bankruptcy would be as dramatic and full of as many twists and turns as the comics they distribute, I'll tell you that much? I will, undoubtedly, have more to report as this catastrophe further develops.
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