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
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Beautiful. Now what’s going to happen to these titles now that the company is folding?
I’d like to be able to see a company take these franchises and give them the proper care they do desperately need.