Diamond Comics, Major Distributor, Files for Bankruptcy
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Diamond Comics Distributors, a leading distributor of graphic novels, has filed for Chapter 11 bankruptcy. The company, which had exclusive distribution agreements with major publishers like DC and Marvel, cited operational issues and failure to meet delivery deadlines as contributing factors. The bankruptcy announcement follows the recent closure of its flagship fulfillment center. While Diamond plans to sell off assets to stay afloat, the news signals significant challenges within the comics industry.
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