By Edward Nawotka

Publishers around New York City may be indulging in a bit of schadenfreude this morning with the news that HarperStudio, the two year-old imprint founded by Bob Miller, is being shuttered. The news comes in the wake of Miller’s decision last month to leave Harper to become group publisher at Workman.

HarperStudio generated an extraordinary — and some believe, unwarranted — amount of press for its initial plans to move to model that sold books to booksellers on a non-returnable basis, as well as offering authors profit sharing arrangements in lieu of large cash advances.

In the end, the press produced more hype than books. Its major success was the production of a series of management related titles by Internet wine guru Gary “V” Vaynerchuk, including the bestseller Just Crush It.

A press release said that the remaining titles will be absorbed the remainder of HC’s imprints. HC’s US president and publisher, Michael Morrison, noting that “all of our imprints are happy to discuss profit sharing scenarios on a book by book basis.”

HarperStudio had also moved into conference organizing, launching “Re-set Business conference, scheduled for April 20. There is no word yet as whether this will be rebranded or carry on as it is.