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As reported on ICv2, Borders monetary issues is causing troubles for publishers. Borders was an early champion of Manga at one point accounting for 40% of it’s sales in the U.S. While the percentage isn’t quite as high, it’s still a large chunk of Manga sales, and that’s why those publishers are hurting now that Borders stopped paying it’s bills.
Tokyopop’s CEO Stuary Levy commented to ICv2 about the situation:
The facts are simple. Borders—our biggest customer—went bankrupt, owed us a lot money, which they didn’t pay us, and as a result we are in a very challenging situation, and have had to react quickly to the situation. We did need to let a few people go—and it’s horrible for everyone involved to ever have to let people go. We will continue to do everything we can to evolve the manga business and we very much appreciate the support of our fans, our partners, our creators, and out retail customers.
Tokyopop has had some recent success, but that hasn’t prevented it from being hit. If you don’t get paid, doesn’t matter how many books you sell.
TOP COW INVITES YOU TO A DISCUSSION AND SIGNING OF REST AND BERSERKER WITH MILO VENTIMIGLIA
LOS ANGELES, Calif., October 25, 2010 – Top Cow Productions, Inc. proudly announced today that DiVide Pictures’ Milo Ventimiglia (Heroes) will be doing an in-store signing for, as well as discuss, Rest and Berserker at Borders in Southern California on Wednesday, October 27 at 7pm.
Rest tells the story of John Barrett, a man in his late 20’s, whose life is going nowhere. He is stuck in a dead-end job with no friends and no future. When his best friend from college mysteriously resurfaces with news of a new wonder drug that replaces sleep, John falls into a conspiracy that threatens to change the course of human history. Written by Mark Powers (GI Joe) with art by Shawn McManus (Sandman) and Marco Castiello (Witchblade).
Berserker centers on Aaron and Farris, two young and completely different men who discover an animalistic and uncontrollable rage living inside them. Meanwhile, two mysterious organizations seek them out for their newfound strength and power for their own purposes. But what good is strength and power when you can’t tell friend from foe? From screenwriter Rick Loverd and artist Jeremy Haun (Chuck, Detective Comics) comes a raw, blood series in the spirit of Wanted!
Borders is located at 3700 Torrance Blvd, Torrance, CA 90503. There is no charge for the signing and Borders will have copies of both Rest and Berserker softcovers on hand for sale during the event.