TokyoPop reduces output by 50%
Tokyopop announced that it is spinning out the multimedia arm into a new company, Tokyopop Media LLC. TokyoPop Inc retains control of the publishing arm and will reduce the output to 200-225 titles per year to “allow for less cannibalization at retail.” With the change, 39 positions with Tokyopop are eliminated.
Is this a sign that manga is declining in popularity after years of record output? Or is it a sign of a weaker economy overall? I did read an article the other day that suggested teens were struggling to find employment this summer and that might contribute to softer manga sales.