For The Love of Comics

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I was holding off on saying anything about the rumors that Virgin Comics was closing up shop until I got more information, but Publishers Weekly confirmed this morning that it was true; Virgin Comics - as it existed last week, at least - is no more.

A statement released by CEO Sharad Devarajan (also head of Gotham Entertainment, run out of India and apparently unaffected by this development) confirmed that the company’s New York office and publishing unit are closed and the eight employees have been laid off, but the company is “restructuring” and will be relocating to offices in Los Angeles, assumably to focus on the film properties that sprung from the comics label.

It seems like alot of people on the intrawebs are upset about this, and I can understand how the closing of a comics company limits our options as consumers and the variety that invigorates the industry, but I can’t bring myself to care beyond the abstract sense. All of their stuff just felt like it was being produced to establish copyright and intellectual property claims in order to branch out into film and whatnot. It felt very much like they were trying to follow Platinum’s lead and not doing nearly as well with it. All of the high-profile projects could never really capture my interest, either; I was left with the impression of all flash and no substance.

Anyway, that’s that. I’m sure Richard Branson and Sharad Devarajan can console themselves after their “failure” by taking a bath in all of their money.

Technorati Tags: Virgin Comics, Richard Branson, Publishers, Closings, Poor Little Billionaires

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