Virgin Comics shuts down New York office, whole operation next?

One of the panels Ben and I hit up at New York Comic Con was the Virgin Comics panel featuring the announcement of thier deal with Stan Lee. While it was awesome to see the godfather of comics, I was very skeptical about how things were going to work out. Attempting to launch a major comics line isn’t the easiest thing to do in this day and age, where if you’re not Marvel/DC/Image or a hip indy line, people aren’t going to take you seriously.

Well, part of my skepticism was warranted as Virgin Comics announced today they are closing their New York operation to move operations to their Los Angeles branch. From Newsarama via a Virgin press release:

“The Company is currently working with management to restructure the business and will release its future plans in the next few weeks.

Sharad Devarajan, CEO, said, “We remain excited about the business and partnerships we have built through Virgin Comics and are working towards a restructuring that properly takes the business forward. The decision to scale down the New York operations and concentrate on core activities is due to the current macro-economic downturn and is in no way a reflection on the dedicated and valuable employees we have had the privilege to work with.””

You can read the full Newsarama article here, but when you’re restructuring a comic line and closing down offices, that can’t be good. My guess is that by the next NY Con, Virgin will be deflowered and non-existent.

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