Somewhere, Nicolas Cage is crying. Calvin Reid at PW gets the tale of the tape:
Although calls to Virgin Comics CEO and cofounder Sharad Devarajan (who is also president of Gotham Entertainment) have not been returned, sources confirm that the venture has been closed and that a statement will likely be issued soon. The closing appears to effect only Virgin Comics’ U.S. publishing operations in New York City and does not effect the operations of Gotham Entertainment, the Bangalore, India-based partner in the venture that produces comics targeted at the South Asian consumer market.
The company produced about 17 different comics series in addition to publishing about 18 trade paperback collections and 3 hardcover titles. It is unclear what will happen to the rights to these properties.