2o4y - Yes, the Tokyopop media arm is behind the "Priest" movie. However, even if the film is a huge success, don't expect TP's publishing arm to come back. Stu Levy, TP's founder and CEO, has made it clear that he's over the publishing business. His Twitter account is littered with veiled and not-so-veiled complaints about how bored he was of book publishing. The man is a magpie, and now that he's tried all the tricks that he can in publishing, he's ready to move on to the more glamorous worlds of movies and TV.
There's been discussion that TP didn't have
to shut down the publishing arm. Stu himself implied in his farewell letter that he was throwing in the towel, i.e., quitting. There's noting in his letter that explicitly states that TP publishing is out of money - in part, because it would probably look bad to the media arm's investors, but also, perhaps, TP publishing isn't really closing because it's broke. Stu might want to funnel remaining book sales' dollars toward the media arm of TP. There are still thousands of TP books on the shelves and in storage. My guess is that they will continue to be available and be a revenue source for TP media until they are sold out.
For example, TP could have stopped publishing for a while and saved the back-catalog book sales until it had a pot of money to use to come back leaner and meaner. Yes, maybe only putting out as many books as, say, DMP does a month, but it could have soldiered on, but I suspect that Stu wasn't interested in becoming a smaller publisher.
Maybe. As usual, with no public reporting of TP's finances, we're only left with speculation.
Anyway, here's an article that not only sums up one store manager's thoughts on Stu and the TP situation, it mirrors my feelings almost exactly. Be warned, there's some saucy language and there's no pretense at impartiality. There are links, though, to relevant posts like Stu's Twitter comments and less partial analysis. ^_^http://www.rocketbomber.com/2011/04/18/i-hate-stu-levy