North American manga publisher PictureBox announced on the company’s Tumblr account that the company will no longer release any new titles as of December 31, 2013.

Dan Nadel, the company’s founder, stated, “This was not an easy decision, but the company is no longer feasible for me as a thoroughgoing venture.”

The company is hosting a 50% off sale through January 2, 2014.

PictureBox’s titles will still be available in stores and customers through the company’s distributors and its official website.

Source: ANN