It is a sad day today for fans of Japanese manga. Longtime publisher Tokyopop who has brought fully translated manga to U.S. shores for many many years has announced that they will be closing down their manga publishing operations in the U.S. at the end of May. You can read the announcement itself below:
“Today, we are sad to inform our loyal community of manga fans, our passionate creators of manga content, our business and retail partners, and other stakeholders who have supported us through the years that as of May 31, 2011, TOKYOPOP is closing its Los Angeles-based North American publishing operations.”
This news comes as Comics Beat reports that Tokyopop only ended up with six people being employed and working on publishing after recent lay offs. The devastated company will maintain to publish manga in Europe and maintain any current television projects but no word has been spoken about what will happen to a number of publishing licenses that the studio holds.