Publisher Mike Kiley sent out this letter to Tokyopop creators yesterday:
Hey, everybody (all TOKYOPOP Manga Creators) –
As many of you have no doubt heard by now, we have announced some changes at TOKYOPOP this week.
We understand that this announcement may have created some uncertainty for you and we wanted to reach out as soon as possible to reassure you. While there will be some changes in our publishing program, we can tell you that if you are working on a project for us, keep making great manga, stick to your schedules, and turn in your work so we can get you paid!
We are in the midst of transitioning your manga projects to new editors. If you have a project in some current stage of development with us, then your editor will be in touch with you to discuss the specifics of your project by the end of next week.
Thanks for your understanding as we morph into the next evolution of TOKYOPOP!