Diamond Comic Distributors files for bankruptcy, raising concerns in comic book industry

Diamond Comic Distributors has declared bankruptcy, significantly impacting the comic book industry. Major publishers like Image and DC have already left Diamond, opting for other distributors, while smaller publishers now face distribution challenges. The bankruptcy filing raises questions about how much Diamond owes its creditors, with estimates in the high eight figures. Diamond's past dominance in the market is now in jeopardy, as it struggles to maintain its role in comic distribution. Reactions from the comic community vary, with some expressing concern for small publishers and retailers. Others see this as a long-overdue change in the industry, highlighting the need for new distribution models.