Diamond Comics Publishers, which once held a near-monopoly on the distribution of comics in America, has filed for Chapter 11 bankruptcy.

Diamond Comic Distributors used to be the only game in town when distributing graphic novels and comics to physical bookstores and comic book shops. Due to increased competition and many of the world's largest publishers going with the competition,

Update: Diamond's two largest unsecured creditors are Penguin Random House (a publishing company and distributor for other publishers, including manga ones such as Dark Horse) and Bandai. Diamond owes these two companies US$9,202,181 and US$4,348,743, respectively.

As the implications and consequences of Diamond Comic Distributors' bankruptcy become clearer, CBR can confirm that Image Comics will no longer allow the company to distribute its titles. Unlike DC Comics,

Diamond Comic Distributors just declared bankruptcy, which could have a far-reaching impact on comics. What does this mean for the industry's future?