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One of the highest-volume manga publishers in the U.S., with a recent refocusing more into their own original properties (although they continue to license works from other countries as well).
Tokyopop was originally founded as Mixx Media in 1997 by Stu Levy. Its original product was called MixxZine, a serial manga anthology; they also published the shoujo magazine Smile, but both failed (shortly after MixxZine was renamed Tokyopop).
Over time the company became one of the largest manga publishers in North America, and it is also one of the biggest publishers of American-made manga and of Korean manhwa. In March of 2006 Tokyopop arranged a deal with Harper Collins to create comics based on some of its more popular titles, including the Warriors series and the novels of Meg Cabot. Tokyopop has also published a number of comics based on video games such as Warcraft.
In 2008 Tokyopop restructured, laying off 39 of its approximately 100 employees and splitting into two subsidiaries: Tokyopop, Inc. and Tokyopop Media. The first company continues to publish Tokyopop's graphic novels, while Tokyopop Media handles the company's new media, such as its iManga videos and possible live-action films. (For some time the company has claimed that a film based on the manga Lament of the Lamb was in the works, although nothing has come to fruition yet.)
Tokyopop began publishing in Europe in 2004, establishing an office in Hamburg, Germany. They also have an office in London, which primarily imports the already-English-language manga from the U.S. and distributes it into bookstores in the U.K.
In 2011, Tokyopop announced it would be shutting down its manga publishing and distribution operations in the US, liquidating what books they had in stock. The original Japanese manga licensed by Tokyopop will revert back to their respective holders, but the fate of OEL manga licenses held by Tokyopop is currently unkonwn.