Quote from hahhah42
The official explanation per Jmanga's twitter[/url] is a lack of revenue:
Quote
We at @JManga_official thank everyone for supporting us since launch. We regret that we lack the revenue to continue as a business.
A simple Twitter message really means nothing. If JManga was truly suffering from not earning enough revenue, they would've given reasonable prior notice to its customers that they would be closing down sometime within the next few months or weeks.
From what modern economics and business has taught us, a company doesn't just have its stock price drop to zero in a day just because they "don't earn enough". The only times that those can happen are if there's some sort of lawsuit or court order forcing them to close, or if some sort of illegal activity is involved.
The whole "we're closing due to lack of revenue" is likely just a cover-up for other complications. If it was really due to that, they wouldn't have needed to post it on their Twitter. They could've plain mentioned it on their website, alongside their closure message. It was likely just posted in response to many people asking JManga exactly why they're closing down.
But anyway. Doesn't change the fact that they're still closing.
Quote from CuteManabi
The odd thing about Jmanga was that quality on some titles was basically on par with scanlations. I know in the Chitose Get You! manga I ran across 4komas where they forgot to translate the title, and I'm pretty sure I remember one where they did translate it, but forgot to box out the Japanese te ...
Better get to it then ;o.
Quote from imercenary
Then licensee companies should pay based on commission instead of salary? You're making it sound like they're failing due to management incompetence and blaming it on "you can't compete with free!"
And the U.S. manga publication of One Piece is a mere 3 volumes behind (not bad since we'r ...
And the U.S. manga publication of One Piece is a mere 3 volumes behind (not bad since we'r ...
Regardless of what you think I'm implying, the reality is, they really can't compete with free.
And One Piece is probably a poor example to throw out, since it's an extremely popular series and chances are, the licensee companies are focusing most of their effort in catching up with those high-tier series. If you wanted to know, my "it takes time to catch up" argument was more referring to the not-so-popular series (mid- to low- tier).
You probably think I'm being pro-scanlation, but see, I'm more just being pro-reality. I'm not taking either's sides. I'm simply analyzing the reality that licensee companies are having and are going to continue having a tough time trying to increase their market cap.
________________
Founder of Kirei Cake. We're always looking for new members regardless of experience, so if you're interested, seek us out @ http://KireiCake.com!