Tokyopop LA to Close Doors

It looks like Tokyopop will be closing their doors in its Los Angeles based North American publishing operations on May 31st.  The company’s film and European operations will be unaffected and its office in Hamburg, Germany will still handle global rights sales for the company.  In 2008 the company underwent a major restructuring which split the company into three divisons; publishing, new media, and films.  In 2009, Tokyopop also confirmed that all its Kodansha International licenses would lapse.  And last month Tokyopop CEO Stu Levy commented that the February bankruptcy of Borders bookstore played a significant role in its decision to lay off a number of the company’s employees.


[Source: Anime News Network]

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