Anime Programming in the US
Making a Living in Manga in Japan with Felipe Smith
Lost in Translation
On Friday, North American anime distributor 4Kids filed a notice in its bankruptcy case that outlines who will take over its contracts and obligations. Under a proposed agreement, Kidsco Media Ventures LLC (an affiliate of Saban Capital) and 4K Acquisition Corp. (an indirect subsidiary of Japan's Konami Corporation) would divide the assets and obligations of 4Kids.
The proposed agreement has not been finalized, since Judge Shelley C. Chapman still has to approve the proposed agreement after a June 20 hearing.
If approved, the "Proposed Transaction" would assign several 4Kids contracts to Saban's Kidsco Media Ventures, including the following:
If approved, the proposed transaction would also assign the following contracts and others to Konami's 4K Acquisition Corp.:
The formal bankruptcy auction for "substantially all of [4Kids'] assets" began on June 5 between Konami's 4K Acquisition Corp. and Saban's Kidsco Media Ventures LLC. However, after a series of bids, the auction was adjourned to allow the two parties to consider an agreement that would split 4Kids' assets between them.
Konami is the Japanese licensor and distributor of the Yu-Gi-Oh! card game, while Saban once produced the Fox Kids programming block. (4Kids also once produced Fox's Saturday morning programming until 2008.)
Thanks to ravegrl for the news tip.