French publisher's USA affiliate closing from bankruptcy

The Street announced the USA division of Humanoids Inc, which is known for publishing magazines like Heavy Metal (and Mark Waid once worked for them in past years), is closing due to bankruptcy:

Despite the growing market, Humanoids, the U.S. arm of a French comic book company, has followed its parent company into Chapter 7 bankruptcy.

Humanoids files Chapter 7 bankruptcy

Humanoids has a long and colorful history.

“Humanoids began under the name Les Humanoïdes Associés in the turbulent early 1970s in Paris, which — like San Francisco and New York — was alive with the spirit of artistic revolution. As young people were debating ideas in unprecedented ways, graphic novel artists Jean Giraud (known as Mœbius) and Philippe Druillet, along with writer Jean-Pierre Dionnet, were determined to push the limits of their art and of the medium as a whole. They joined forces to create a comics magazine like none before: ‘Métal Hurlant’ (French for ‘Screaming Metal’),” the company shared on its website. [...]

“Layoffs are coming for the French staff, with non-payment of June salaries sparking shock among employees. Restructuring will make Humanoids more modest, with a focus on the iconic ‘Métal Hurlant’ magazine,” according to the website.

The French part of the company, however, is expected to survive, while the U.S. branch is being liquidated.

If the company went woke stateside, it was probably only a matter of time before they went broke. Then again, the French division must've gone woke too, yet who knows if they'll learn any lessons in that regard? This is, most unfortunately, an era where political correctness has sadly taken its toll.