Official: Virgin Comics Shuts NYC Offices

Tue, August 26th, 2008 at 10:43am PDT | Updated: September 9th, 2008 at 5:58pm

Comic Books
CBR News Team, Editor

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Yesterday, CBR’s Rich Johnston reported that Virgin Comics, the New York based publisher founded by Sir Richard Branson and India-based comics publisher Gotham Entertainment, has shut down its New York operations. While calls to the publisher were not returned, today Virgin offered the following statement concerning their future operations.

NEW YORK, NY, August 26, 2008 " Virgin Comics announced today that it will be reorganizing its operations and closing its New York office to consolidate in an LA base.

The Company is currently working with management to restructure the business and will release its future plans in the next few weeks.

Sharad Devarajan, CEO, said, “We remain excited about the business and partnerships we have built through Virgin Comics and are working towards a restructuring that properly takes the business forward. The decision to scale down the New York operations and concentrate on core activities is due to the current macro-economic downturn and is in no way a reflection on the dedicated and valuable employees we have had the privilege to work with.â€

Many questions still remain unanswered at the moment, including the status of Grant Morrison’s “MBX†Webisodes announced at New York Comic-Con, or upcoming plans for a new universe of super-heroes to be created by Stan Lee announced just last month at Comic-Con International in San Diego.

TAGS:  virgin comics

 
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