Iwakaze Capital Acquires Gonzo
Gonzo Digimation Holdings (GDH) has accepted a take-over offer from investment firm Iwakaze Capital. Iwakaze purchased 1.9 billion yen (about US $18 million) in GDH stock last week and will acquire enough additional stock to take a majority controlling interest in the company. The current GDH management staff will be replaced on October 1st. GDH reportedly lost over $32 million during its most recent fiscal year.
It remains to be seen if or how this take-over will affect future productions from prolific anime studio Gonzo, a GDH subsidiary.
Source: ICv2
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I wish there was a breakdown available where we could see exactly what/what segments of business their losses came from… GONZO has tagged their name to a huge amount of animation productions over the past few years — few of which are arguably worth watching more than once — I’m wondering if their abrupt growth ended up doing them in.