Psychommu Gaijin: Industry Fail

Showing posts with label Industry Fail. Show all posts

Navarre: finis FUNI

Navarre Corporation
Monday April 4, 2011, 5:54 pm EDT

Navarre Corporation today announced that it has sold FUNimation Entertainment for $24 million in an all cash transaction. Purchasers in the transaction are a group of entities that were newly formed by an investment group that includes Gen Fukunaga, FUNimation Entertainment's chief executive officer, as a minority stakeholder. In connection with the sale, the Company has entered into an agreement to act as FUNimation Entertainment's exclusive distributor in the United States on a continuing basis, and will also act as FUNimation Entertainment's logistics and fulfillment services provider.

MOAR

1. Gen Fukunaga sells FUNI to Navarre for $142 million in 2005
2. ???
3. Gen Fukunaga buys FUNI back from Navarre for $24 million in 2011
= ($118 million) PROFIT!

THAT'S SHOWBIZ, FOLKS!

Worth repeating but not worth paying a living wage

L.A. Times picks up the story about the Anime Industry implosion.

We've heard it before, here it is again. To recap, Anime Industry in a nose dive, nobody seems to be doing anything to stop it, and they'll do it for less in China.

Comics - News - Live-action 'Akira' gets fast-tracked - Digital Spy

“Akira happens to be something that Warner Brothers management loves. They see value in the franchise,” Lanzar told Collider.

Proof positive that Warner Brothers Management has their collective heads still too far up their own asses.

Seriously. AKIRA is over 20 years old. The boat on this has sailed long ago. Nobody cares or wants a live action AKIRA movie. It's over and done. Move on to something new.