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Virgin Comics closes shop

Virgin Comics, the international joint venture between Sir Richard Branson’s Virgin Group and the India-based comics publisher Gotham Entertainment has been shut down. The company’s New York office and publishing unit has been closed and eight people have been laid off, reports Publishers Weekly, saying that "sources confirm that the venture has been closed".

In a statement released by Virgin Comics c.e.o. Sharad Devarajan (who is also president of Gotham Entertainment), he confirmed that the company has closed the New York City office, but added that the company was “restructuring” and would relocate to new and as yet unspecified offices in Los Angeles.

The company said it would release more information “in the next few weeks”.

PW

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