Venture tried to lure filmmakers to comic world
Virgin Comics, a team-up between Virgin Books and India-based comics newspaper publisher Gotham Entertainment that had Hollywood dreams, announced Tuesday that it is closure its New York offices and will reorganize its operations.
Citing "the stream macro-economic downswing," the companionship, under CEO Sharad Devarajan and president Suresh Seetharaman, said it hopse to restructure the business and consolidate its operations to a Los Angeles base.
Eight people have been set off.
The company launched in 2006 with Sir Richard Branson, Deepak Chopra and director Shekhar Kapur among its founders. It began by publishing comics inspired by Indian/Hindu mythology and then moved into a billet known as Director's Cut, which attempted to bait filmmakers into the comic world in the hopes of subsequently getting the books set up as film projects
Guy Ritchie, John Woo, Nicolas Cage, Ed Burns, and musician Dave Stewart were among the contributors to the line, with Ritchie's "The Game Keeper" finding a home base at Warner Bros.
The comics were slickly produced but Virgin remained a marginal comic book thespian, with it titles suffering low sales.
The future of the film projects is unclear though the party did say it would not stay idle.
"We remain excited nearly the business and partnerships we have built through Virgin Comics and are working towards a restructuring that properly takes the business fore," Devarajan aforesaid in a statement.
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