Posted in : Comics , Current News| Tagged : AENT , bankruptcy , diamond
Alliance Entertainment cancels its leverage of Diamond Comic Distribution . Are Universal Distribution and Ad Populum now Diamond ’s owners ?
Article Summary
Here we go again . Alliance Entertainment or AENT has issue an SEC filing as a poster Of Termination over their accord won in Chapter 11 failure auction sale to buy Diamond Comic Distributors .
The filing states first that"On April 25 , 2025,Thomas Finkeadvised the Board of Directors of Alliance Entertainment Holding Corporation ( the " Company " ) that he is resigning as a managing director of the Company effective May 1 , 2025 . " Is this relevant ? I do n’t know . Because it goes on to say that " On April 24 , 2025 , the Company transport a observance of end point to Diamond Comic Distributors , Inc. ( " Diamond " ) , terminate the previously executed Asset Purchase Agreement to win substantially all of the assets of Diamond through a judicature - supervised bankruptcy process . The termination was effective straightaway . " It was signed by Executive Chairman and recent podcast star , Bruce Ogilvie .
Bruce Ogilvie correct to notice or elucidate when approach by Bleeding Cool before today . Currently this also entail that Universal Distribution and Ad Populum should be the young owners of Diamond Comic Distributors after all . Unless , of course , they have impress on . Basic Fun was the third highest bidder …
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