Well not really, none of the big companies ever threw their weight around, it was a good idea, got off on a bad start and kept falling from there. Shueisha, just started releasing manga on the site but only from their cancelled Josei section....I think this was well in the making, and just a bit too long, people can blame pirates but I blame their lackluster titles (mostly Yaoi,Yuri,Josei) especially when Shounen titles are more popular overseas.
Source:http://www.jmanga.com/urgent-message
Source:http://www.jmanga.com/urgent-message