Tokyopop was an American publisher and distributor of manga, manhwa, and other Asian comics and media. It was founded in 1997 and became a major player in the manga industry outside of Japan. However, it faced financial difficulties in the late 2000s due to declining sales and the loss of licenses from major Japanese publisher Kodansha. In 2011, Tokyopop closed its North American publishing division and ceased most operations, though it later relaunched in a smaller capacity focusing on digital releases. While it helped popularize manga in the US, Tokyopop ultimately struggled to adapt to a changing media landscape and industry trends.