Bandai Entertainment, the North American manga and anime subsidiary of Namco Bandai Holdings, will cease to publish new DVDs, Blu-rays and manga, starting in February.
Anime News Network report that Bandai Entertainment will continue to publish their existing catalogue, but new releases will be licensed to other companies for digital distribution and broadcasting. The company will be restructured, with most of its contractors and three of its five fulltime staff being laid off.
You can view a list of cancelled Bandai Entertainment releases over at ANN. On the manga front, Gurren Lagann volume 7 is on the list, while Turn A Gundam is one of the cancelled anime releases.