Virgin Comics Shut Down - PW

Virgin Comics Shut Down - 8/26/2008 6:55:00 AM - Publishers Weekly: "Virgin Comics, the high-profile 2006 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 the eight people that staff it have been laid off.

Sources confirm that the venture has been closed. However, in a statement released by Virgin Comics CEO Sharad Devarajan (who is also president of Gotham Entertainment), he also confirmed that the company has closed the New York City office. Devarajan said that the company is “restructuring” and will relocate to new and as yet unspecified offices in Los Angeles."