News Palisades Shuts Down
posted on 2006-02-02 20:04 EST
Palisades President and CEO, Mike Horn, has announced that the company is ceasing its business of licensed and proprietary action figures, collectibles, toys and other goods. Horn blamed the move on decreasing sales in the collectibles industry and the recent bankruptcy of "one of Palisades' largest customers." Although the customer in question was not named, ICv2 refers to Palisades as "Musicland's First Casualty." Palisades did not produce any anime merchandise.