Diamond Owed 3.9 Million by Bankrupt Borders

Bookstore giant Borders Books has filed for Chapter 11 bankruptcy. During the proceedings, it has been revealed that the troubled bookseller owes Diamond Comic Distributors approximately 3.9 million dollars, which may never be repaid. This is a heavy blow to Diamond, which has faced financial worries for the last several years, and its publisher clients.

Spider-Man Musical Brings On Comics Writer

Disaster-plagued musical Spider-Man: Turn off the Dark has hired comics creator Roberto Aguirre-Sarcasa to retool its script, according to Deadline. Currently in previews, a frequent criticism of the work is that it has no ending.

Fables and The Walking Dead To Become Videogames

Popular Vertigo comic Fables and hit Image title The Walking Dead will be coming soon to a computer near you. Both books will be transformed into videogames by Telltale Games.

India's First Comic-Con

India Comic-Con, India's first large, Western-style comic book convention, took place last weekend. The Times of India and The Hindustan Times both had write ups of the event, which featured both local talent and famous international guests.

DC Sweeps Gem Awards, Dark Horse wins Manga Publisher of the Year

The 2011 Diamond Comic Distributors' annual Gem Awards, voted up on by comics retailers across the nation, have been announced. DC took home no less than ten Gem Awards for the second year in a row, and in an interesting upset, Dark Horse took home Best Manga Publisher instead of one of the manga-only publishers such as Viz. More details and a full list of awards are available here.

Will Eisner's New York Exhibit

The Museum of Comic and Cartoon Art, based in New York City, will display a career-spanning exhibit of the works of legendary cartoonist Will Eisner. Running from March 1 – June 30, “Will Eisner's New York: From The Spirit to the Modern Graphic Novel” Admission is $5 and free for MoCCA members. More information is available on the MoCCA website. MoCCA is located at 594 Broadway, Suite 401, New York, NY between Houston and Prince streets.

This Week @ Good Comics For Kids

This week School Library Journal’s blog Good Comics for Kids had a review ofThe Age of Reptiles Omnibus, what the Good Comics For Kids reviewers are reading this week, the 2/16 listing of comics suitable for all ages, and a Borders patrol-themed links roundup.

This Week @ The Beat

This week at PWCW editor Heidi MacDonald’s blog The Beat, she covered the Spring 2011 Xeric comics grant winners, an exclusive interview with Chew's writer John Layton, New York City comic shop St. Mark's comics catching fire, and the 2011 Glyph Award nominations.