Forum - View topicNEWS: New York Lists Media Blasters as Dissolved as of April 2011
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jsevakis
Former ANN Editor in Chief
 Posts: 1684 Location: Los Angeles, CA |
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Right. The "story" here is that they allegedly continued doing business as Media Blasters, ignoring the dissolution order, meaning it's quite possible that the licensors signed their rights over to a non-existant company without knowing about it (or continued thinking their contracts are current with a healthy company, when that company no longer legally exists, because they were never told). The real-world repercussions of this are not clear, it's up to the licensors to figure out how to handle it from this point. It's standard in most contracts for a license to become "void" if a company is deemed legally insolvent, which this would almost certainly qualify as such. Also, it appears MB's owners and executives may be personally responsible for some corporate debt, according to the law quoted in the article. |
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zawa113
 Posts: 7357 |
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Soooo...I am probably just as confused as some of the other people, is MB now a zombie selling anime or something? And haven't they been announcing re-releases left and right?
Still, perhaps I shall get on GaoGaiGar I suppose. And Simoun, the only two shows I was really looking at there (but I have plenty of other MB titles on my shelf) |
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Tempest
 I Run this place.ANN Publisher  Posts: 10420 Location: Do not message me for support. |
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The only two legitimate possibilities I am aware of are:
1) They are working towards reestablishment of the corporation. 2) They are working towards repayment of their debts and will shutdown when they are able to pay debts. Personally I would assume the former. |
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RyanSaotome
 Posts: 4210 Location: Towson, Maryland |
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Isn't it illegal to work as a company if you're not officially recognized, since its a way to avoid paying taxes? Or am I remembering the law wrong?
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Tempest
I Run this place. ANN Publisher Posts: 10420 Location: Do not message me for support. |
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Yes but... New York law specifically allows for a corporation that has been dissolved by proclamation to continue operation to wind up it's affairs. There also seems to be some allowance for working towards reinstatement. |
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jree78
Posts: 123 |
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They probably paid it a year ago, I don't think they update those types of things if the company goes back and pays the bill otherwise they shouldn't be doing business or they have a deal going on with the state. I'm glad I bought what I wanted from Media blasters a couple months ago cost me 140 dollars I hope that chipped in. Just need to get Squid Girl blu ray.
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AndrewSP
Posts: 8 Location: Columbus, OH |
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If that allowance exists, then I can see the reinstatement being the only reasonable explanation. If they have to wind down their affairs, I don't know what purpose licensing new anime would serve. |
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rizuchan
 Posts: 974 Location: Kansas |
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In some ways... I sort of wish Media Blasters would just kick the bucket. IN SOME WAYS. The last thing I want is a bunch of people losing their jobs and the anime industry dying anymore. But its frustrating when they take on all these new licenses and projects and then release nothing, and I'd like it if stuff like Sayonara Zetsubou Sensei got a chance to have a US release.
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Anime Remix
Posts: 354 |
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Straight from their Facebook
Some explaining to do? 
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blaster
Company Representative
Posts: 20 |
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For all concerned about the ANN story, MB is not out of business or closing down its operation. What happen was the following. MB filed extensions for 2009, 10 and 11. Without notice or us knowing it could happen, the Secretary of State took action. We have now finished our 2009, 2010 and filing and will get the action reversed. We already spoke with them. The company continues to run, continues to release titles. It seems during the last TAF, our competitors decided to spread this paper around which has made life difficult.
As for the article in ANN, they never contacted us nor even gave us a chance to comment. |
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Saffire
 Posts: 1255 Location: Iowa, USA |
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Last edited by Saffire on Fri May 04, 2012 4:52 pm; edited 2 times in total |
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blaster
Company Representative
Posts: 20 |
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Having fun at my expense?
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GrilledEelHamatsu
 Posts: 703 |
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The way I see it, all this shows is that John S is no longer operating business in NY & it also indicates that Media Blasters is tranferring to New Jersey. |
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Tempest
I Run this place. ANN Publisher Posts: 10420 Location: Do not message me for support. |
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We've been calling them all week. We left 3 voice mails with John Sirabella, and one with Andy Vidal. We also sent an e-mail to Sirabella and Vidal on Monday. Sirabella's bounced, but Vidal's did not. Last edited by Tempest on Fri May 04, 2012 4:56 pm; edited 1 time in total |
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blaster
Company Representative
Posts: 20 |
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MB is not transferring to NJ. Fever Dreams has offices now in NJ for its productions. It is simply an issue of not file our taxes on time and this action coming without us knowing not knowing it could happen.
We have already contacted NY State, filling the appropriate taxes and explained to is it could be reinstated over the phone. At this point MB would be better described as a company not in good standing with NY State. All business done at this time is not affected. |
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