Niche Entertainment Industry Getting Smaller

4Kids Entertainment this week laid off around 15% of its staff. The cuts, combined with the early termination of its broadcast partnership with the Fox television network, and $4-$5 million in planned cost cuts next year will reduce company expenses by $15-$18 million. The company’s stock has lost 80% of its value in the last year.

FUNimation parent company Navarre has announced plans to entirely shut down its BCI Eclipse subsidiary that distributed DVDs of American animated series including He-Man, She-Ra, Bravestarr, and Ghosbusters, along with live action programming including the Japanese Ultraman television series.

Source: ICv2 article one, article two