FUNimation Financial Update

In its financial report for the fiscal year that ended in March 2009, the Navarre Corporation revealed that its publishing division sales, which includes FUNimation, were down 12.4% for the year, and down 25% for the fourth quarter. However, about half of the fourth quarter decline was due to the closure of the the BCI subsidiary distributor. Navarre lost $88.4 in the 2008-2009 fiscal year, some of which was related to Funimation.

Navarre CEO Cary Deacon said of FUNimation’s market dominance, “At retail, we tend to own the space very strongly,” and “We are the place to go for licensing anime out of Japan.” FUNimation’s anime sales are no longer heavily concentrated around Dragon Ball, but the company has renewed its license for another five years. Deacon also said that FUNimation’s video streaming “has had significant impact on views and sales on the digital side.”

After implementing new security measures, FUNimation resumed streaming the Fullmetal Alchemist: Brotherhood television series yesterday, the same day that FUNimation accidentally temporarily delivered public accessibility to Phantom ~Requiem for the Phantom~ episode 10 hours earlier than its scheduled release.

Source: ICv2 article 1, article 2 & Anime News Network article 1, article 2