Publishers Weekly has confirmed that Virgin Comics has been shut down, with its New York offices closed and its staff laid off. Details here.Virgin was one of the recent high-profile launches looking to make comics-to-film an official business plan. It had limited success in selling comics — they never set the charts on fire, though some of their books were decent reads — and it's not clear what the company's plans are for the many projects it had begun with Sci Fi Channel and talent like Hugh Jackman, Ed Norton, Guy Richie, John Woo and Nicolas Cage.
What this means for this kind of business plan as a viable way to make money is not completely clear, though it does seem to indicate that even companies with deep-pocketed parents can't survive indefinitely without making some kind of success and money at publishing actual comics.
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