News Tokyopop's Output to Drop to 20-22 Monthly Releases
posted on 2008-06-09 13:35 EDT
Mike Kiley, the former Tokyopop publisher who will soon fill a "key senior executive role in Tokyopop Media," told the ICv2 retail news source that Tokyopop will ship 225-250 print releases from September of 2008 through next year after its restructuring. 20-22 releases are planned per month during that timeframe. As a result, Tokyopop's total publishing output for 2008 will be in "the very low 400s," which is a drop of 80 titles from the previous plans. Kiley declined to specify how each of Tokyopop's different product lines will be affected.
ICv2 also confirmed that the 39 employee layoffs represented 35-40% of the Tokyopop's workforce in the United States, and Kiley acknowledged that people involved in the direct production of books were the most affected. Tokyopop will be contacting specific creators under its contracts, after sending a message to all of them on Thursday night.