TP cancels volumes with release dates after May 4

[digitalskye.livejournal.com]

As we all know, Tokyopop is going to be shut down by May 31. I'm fairly certain that most of us were expecting that the 3rd volume of Hetalia (along with any other series with volume releases in the near future) were going to be canceled. This is just official confirmation from RightStuf: that volumes with release dates before May 4 seem to be okay, but volumes slated to be released after have been canceled. Being that Hetalia vol. 3 was scheduled for a May 31 release date, it has been canceled.

http://www.rightstuf.com/rssite/main/news/individual/?ForumThreadName=FT0000002354&Offset=0&ReturnTo=Archive

EDIT:
Just to let people know, the closing of TP's North American publishing branch appears to affect the United Kingdom as well, as the UK's books are all imports from NA. The German branch of Tokyopop will be unaffected.

Comments

[jevia.livejournal.com]

;____; Well, this sucks. Why did Tokyopop decide to close?

Come on, someone bribe them or something to shift the available releases to June 1st. There must be at least one of us out here who had a truck load of money to bribe some higher corporate men. Right? Right. Rich fans, get on that.

[rsxavior.livejournal.com]

Tokyopop has made some bad decisions in the past 3 years. One of which and the biggest is taking on more than they can chew. They licensed more titles that they could publish and make a profit. Instead of selectively buying licenses, they bought as many as they could in the hopes to make a profit. Couple that with the fact their biggest distributor Borders filing bankruptcy it was a recipe for Tokyopop's downfall. Not to mention they have been struggling for the past 2 years because of their shaky business model.

[jevia.livejournal.com]

Thank you Rsxavior. <3
It's a shame, really. There are a lot of series I read by them that I'd love to finish, that don't even have scans online. :c Very sad how this has turned out, and shame on them for not handling the business better.