Digital comics startup Madefire is shutting down

R.I.P. Madefire, a startup that recruited high-profile craftsmen to reinvent comics for brand-new formats and platforms.

An announcement on the Madefire website states the company entered into” an naming of benefit for creditors”( showed as” a state-level insolvency proceeding similar to bankruptcy “) earlier this month, which was then reported this morning in The Beat. As a arise , no brand-new bibles will be published, useds will not be able to purchase any additional journals and they’re also encouraged to download all their purchased material before the end of the month.

This news alters other apps built with Madefire’s technology. The Archie comics app has shut down as well, with the publisher writing,” We realize this comes as a surprise and we are making every effort to do right by our loyal client cornerstone ,” specifically by offering readers a free one-month subscription to Comixology Unlimited.( Amazon acquired digital comics stage Comixology in 2014, launching an Unlimited subscription service 2 years later .)

Madefire first launched in 2012, back when publishers were experimenting with formats like action comics. The corporation described its names as” motion books ,” compounding the living and effects of motion comics with a more traditional read experience.

” Motion comics are a passive knowledge, a watching ordeal that is tantamount to bad living- it’s like watching a movie ,” co-founder and CEO Ben Wolstenholme said at the time.” Motion Books is a reading experience, actively controlled by the reader- it’s like reading a book. Our goal is to be the best reading experience developed for the iPad.”

Perhaps the most impressive thing about the company was the artists it had entered before propel, including Dave Gibbons and Bill Sienkiewicz.

More recently, Madefire announced its cooperation with other tech stages, including Snapchat and troubled augmented reality firm Magic Leap.

According to Crunchbase, Madefire had raised $ 16.4 million in funding from investors including True Ventures, Plus Capital, Kevin Spacey( yes, that Kevin Spacey) and Drake, but The Beat reports that the total was ” even more than that .”

Digital comics startup Madefire openings its first virtual reality app

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