This surely would have made a bigger news splash yesterday were it not for the whole Disney buying Marvel tomfoolery. The Japanese publisher Kodansha has decided that it will end its manga relationship with Tokyopop and let its licenses expire series in progress will not be completed by Tokyopop and existing volumes will not be reprinted meaning, that series in progress will not be completed by Tokyopop and existing volumes will not be reprinted.
Here's a sample from Tokyopop's press release, which I cribbed from Brigid Alverson:
TOKYOPOP will not be allowed to complete the publication of any series that is currently in progress; in addition, TOKYOPOP will not be allowed to reprint titles after the current inventory has been sold out, so once these series are sold out at retail, they will not be available for consumers to purchase. The reasons for Kodansha’s decision were not communicated to TOKYOPOP.
There's been no word from Kodansha about the decision, but the issue will surely come up, as Aoki notes, during the next Tokyopop webcast, which is scheduled for tomorrow at 2 p.m., Pacific time.
Finally, Brigid has a round-up of internet reactions over at Mangablog.