Upper Deck issued the following statement in response to questions from ICv2. The questions inquired about the layoffs at the company (see "Layoffs at Upper Deck"), the percentage of workforce involved, the status of the entertainment division, and the future of the company’s Marvel program.
Upper Deck’s statement:
“With the recent changes to Upper Deck’s business, Upper Deck is in the process of reorganizing the Company’s structure. The new organizational structure will make Upper Deck more efficient and better positioned going forward. For competitive reasons the Company does not share publicly its internal organizational structure. Upper Deck’s entertainment division is not being 'shut down.' Upper Deck has several upcoming entertainment releases and the Company expects to remain in the entertainment category.”