The free manga Gumbo has filed for bankruptcy with debts of 200,000,000 yen (1.78 million USD) . Lack of advertisers and rising cost have lead to the unfortunate demise of the free manga. Via Mainichi.
thats unfortunate to hear
not a good thing. free mags are the best.
agreed, theres not much to laugh about there. At least five companies in my field went out of business in the last two weeks, and it seems to be a regular thing lately. Makes me worried, but my company is doing better this year than last.. only one of 7 in Arizona that has done better this year than last.
(-人-) May Gumbo R.I.P. (T0T) I would try to live without you. Another "free" goes legend again!
Lol, thats what you get for a free manga! xD. Although I never get "free" manga, but there are free newspaper that I always nab and read.
Now I feel bad snitching some of these free manga when I was there ._.
Oh my god, so it's true that Japan's in "mild recession", as shown by their declining economic growth! http://japanjapan.blogspot.com/2007/12/japan-in-mild-recession-sounds-about.html
I think a lot of countries are lately.. credit is becomeing a huge problem in the US, and Europe from what I hear.
Yeah, that's the reason why Japan's in mild recession. Japan's an export-oriented country, and because a lot of country, and especially the US, is in recession, the demands for goods from Japan's declined and that hurts Japan a lot!
Which is too bad, considering the products coming from some other countries are inferior.. but cheaper. But then cheaper lands you with issues in production quality/safety.. and Im not just talking about China (so no one go there)
@DRAGUN: Europe is not really having a credit problem. It was mostly because of the American mortgage crisis that Europe stock markets went down big time.
this is very unfortunate for Gumbo. i have a theory that maybe one of the factors that lead to Gumbo's demise is their distribution channels. probably that their distribution channels are not favorable to some of their sponsors and advertisers (potential or otherwise)
ouch. wonder why they didn't get advertisements. were they no good?
At least it was briefly featured here... I still wonder why they kept on going with the activities until the debt reached that absurd amount. When you got the equivalence of one quarter or one half-million to pay back, you already are sure that something is not right. Too bad it did not work... This seemed a great concept to me.
I dont know, a lot of companies can come back into the black when they are over even half a million in the red (debt). My dad used to be a consultant for businesses to help them get back in the black. Its not too hard, just have to run the business right. But being this far in debt is different.
That is sad
blimey, that was quick
Unsuprising unfortunately... free stuff is the hardest to finance.
I don't read free mangas cause they go dead quite often (at least the ones I begin to read (T-T))
This is really a $%#$ shame. I was thoroughly enjoying their online service http://gumbo.jp which has only recently revamped their layout and introduced a cool new feature whereby you can take manga frames and add text boxes, superimpose your own picture, etc. In fact, that's how I've generated images for use in our online language learning site iKnow! http://farm3.static.flickr.com/2314/1919343003_637917307d_o.gif I recommend you all try the site before it shuts down!
