Today, we have yet another casualty of the manga bubble bursting. CMX, the manga publishing wing of DC Comics, has announced they will not publish any new volumes as of July 1st, 2010. DC has not made any statements regarding whether any of the Japanese titles will continue under the DC brand, but Jim Lee and Dan DiDio did confirm that they will continue to publish Fred Gallagher’s Megatokyo. CMX originally opened its doors in 2004 and has published titles Tenjho Tenge, Musashi No. 9, Emma, and From Eroica with Love among others. It’s sad to see yet another publisher take a hit in such a short time. Recently, VIZ Media just laid off a substantial portion of its staff and Go! Comi closed down completely without formal announcement.

The official statement about the closure can be found below:

Over the course of the last six years, CMX has brought a diverse list of titles to America and we value the books and creators that we helped introduce to a new audience. Given the challenges that manga is facing in the American marketplace, we have decided that CMX will cease publishing new titles as of July 1, 2010.

The shuttering of the CMX line does not affect the best-selling series Megatokyo which will continue publication, now as a DC Comics title with story and art by Megatokyo’s award-winning creator Fred Gallagher.

We’d like to take a moment to acknowledge the efforts and dedication of the CMX staff and to thank our fans who have supported CMX.

–Co-Publishers Jim Lee and Dan DiDio

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  • In the early to mid 2000’s, there was a massive expansion in the anime and manga markets caused by a rise in popularity thanks to programs like Cartoon Network’s Toonami and Sci-Fi’s Saturday Anime. Companies like ADV, Tokyopop, VIZ and others were grabbing every license they could get and the vast majority of them overreached their means, much the same way the housing bubble formed.

    Unfortunately, also much like the housing bubble, a period of severe contraction is happening right now, only the federal government isn’t going to step in to help cushion the blow to the anime/manga market. As a result most companies have had to at least undergo severe layoffs to compensate, but in the worst cases (Geneon/Pioneer, ADV, Go! Comi, CPM, CMX) they’ve completely closed up shop in the anime/manga market in the last couple years. The only major player I can think of that has been around for the full cycle and hasn’t laid anyone off is FUNimation, but I’m sure I’m missing someone.

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