Sources say Virgin Comics New York office has been shut down. The closing includes 8 staff layoffs.
Virgin Comics, the high-profile 2006 international joint venture between Sir Richard Branson’s Virgin Group and the India-based comics publisher Gotham Entertainment, has been shut down. The company’s New York office and publishing unit has been closed and the eight people that staff it have been laid off.
sources confirm that the venture has been closed and that a statement will likely be issued soon. The closing appears to effect only Virgin Comics’ U.S. publishing operations in New York City and does not effect the operations of Gotham Entertainment, the Bangalore, India-based partner in the venture that produces comics targeted at the South Asian consumer market.
The company produced about 17 different comics series in addition to publishing about 18 trade paperback collections and 3 hardcover titles. It is unclear what will happen to the rights to these properties.
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