Anime News Network is reporting that Bandai Entertainment, the subsidiary of Namco Bandai Holdings (USA) that handles anime and manga in North America, will stop offering new DVD, Blu-ray Disc, and manga releases in February 2012.

The company will continue to distribute its existing catalog lineup, but it will no longer produce and distribute new releases in February 2012. Releases in Bandai Entertainment’s current catalog will be available after February 2012, and plans to continue new stock for these existing releases, as needed, until their licenses expire.

The company also announced that the following manga releases are being cancelled: Code Geass: Renya, Gurren Lagann Volume 7, Kannagi Volumes 4-6, Lucky Star Boo Boo Kagaboo, Mobile Suit Gundam 00I, and Tales of the Abyss: Jade’s Secret Memories Volumes 1 and 2.

Bandai Entertainment is shifting its focus to licensing rights to other companies, with an emphasis on digital distribution, broadcast, and merchandising.

UPDATE: It has also been announced that the Nichijo manga series release has also been cancelled.

Source: ANN