Palisades Toys Out Of Business

Palisades Toys President and CEO Mike Horn announced yesterday that Palisades Entertainment LLC has, “Discontinued its business of manufacturing and selling licensed and proprietary action figures, collectibles, toys and other goods.” Horn blamed the company’s demise on a downward sales trend for collectable goods, and the bankruptcy of the Musicland company, “one of Palisades’ largest customers.” Over the past 6 years Palisades has produced a variety of anime merchandise based on franchises including Tenchi Muyo, Dragonball Z, and Final Fantasy.

Source: ICv2 News