New York–based anime distribution company AnimeLab has shut its doors for good, saying it has been forced to turn away some of the top anime creators in the United States.
The decision to close the company comes as the industry continues to face an uncertain future, as new companies enter the market.
It is the latest setback for an industry that has been grappling with the changing demographics of its audience.
“While the AnimeLab team has been very active with their efforts to engage and create new projects for us, it has become clear that we have had to close our doors in order to focus on the current needs of our company and the market,” AnimeLab said in a statement posted on Twitter.
“We appreciate the passion and support from our fans and will continue to work with them as we work to bring new exciting content to the market.”
The shutdown comes as new anime companies enter anime streaming services, including Crunchyroll and AnimeLab.
The company is still available for direct streaming to viewers on a few platforms, but most streaming services only let viewers purchase a limited number of episodes.
The company’s closure comes on the heels of an announcement last month by AnimeLab that it will shut down its streaming service.
The AnimeLab Twitter account posted that it has “had to cut the umbilical cord with the Anime Lab team” and will no longer be able to keep paying its employees.