Diamond Comics Distributors files for bankruptcy and plans to sell game division

Diamond Comics Distributors is filing for bankruptcy and reducing its operations amid economic challenges in the industry. The company plans to sell its Alliance Game Distributors division to Universal to focus on core business areas. Diamond, founded in 1982, has been a major player in comic distribution, working with publishers like DC and Marvel. Recent operational issues and a loss of publishing partners have strained its ability to meet retailer demand. The bankruptcy follows a recent restructuring effort aimed at addressing these challenges. Diamond's leadership acknowledges the difficulties but aims to continue operating in the comics market.