Date: 2011 April 15 15:07
Posted by Joe
Manga publisher Tokyopop are to close in the US as of May 31st 2011 . The company's film, TV, and European operations, including its Hamburg, Germany-based publishing and international rights sales will continue. ICv2 have more details along with Bleeding Cool News and The Beat which broke the news. As always Anime News Network has coverage of the story too.
Tokyopop's Founder Stu Levy has posted a personal statement.
As the details were announced today we have no idea what impact this will have on their release details, as well as what will happen to the rights of existing Japanese manga and original English language comics also published. Any artists who have worked with Tokyopop should read the small print of their contracts now.