Groove Corporation Files for Bankruptcy Protection

With a debt of 5 billion yen, Japanese production and distribution company Groove Corporation filed for bankruptcy protection in Nagoya District Court on June 30th. Groove Corporation is the producer of anime titles including the current Scrapped Princess TV series and Hitsuji no Uta OAV series, Mao Dante, Wild 7 Another, and Genma Taisen TV series, and 6 Angels movie.

Source: Natsume Goushin Ryu Dojo