Canadian comics publisher Dreamwaye Productions has ceased operations and is closing its doors. Dreamwave had built an impressive line of licensed comics, including Transformers (which broke non-Big Two sales records at its launch in 2002), Duel Masters, Teenage Mutant Ninja Turtles, Megaman, and more.
President Pat Lee blamed market conditions as the reason for the closing, including '...the shrinking comic book market combined with a weak U.S. dollar and unsustainable monetary commitments.'
Dreamwave was founded in 1996 by brothers Pat and Roger Lee. Pat Lee promises future comics work for other studios in the future.