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What's Happening with ADV Films

Let's hope ADV is more active dead and in peices than it was while "alive" in the past few years.

Aria is a Nozomi title, not an AD Vision title.

Well, now that I know better: Where's the dub, Nozomi?

I guess your winky emote shows that you aren't truly expecting a dub of Aria from Nozomi.

For the benefit of those who may not know, part of Nozomi's business plan is to license supah-niche titles subbed, since dubbing them would virtually guarantee losing money.

PetrifiedJello wrote:

Well, now that I know better: Where's the dub, Nozomi?

I guess your winky emote shows that you aren't truly expecting a dub of Aria from Nozomi. For the benefit of those who may not know, part of Nozomi's business plan is to license supah-niche titles subbed, since dubbing them would virtually guarantee losing money. I'm a dub-lubber myself, but my philosophy is always: better a sub than nothing at all.

Which is to say I think you should really stick closer to the "no editorializing" bit if you're going to use that excuse to split off a much more informative and helpful post away from the misleading news article. It might be better if you just combine the two.

Umm... You've made some incorrect assumptions here. It was indeed a mistake to write that. But it wasn't editorializing on our part.

I'll let you fill in the blanks.

-t

Blood- wrote:

PetrifiedJello wrote: Well, now that I know better: Where's the dub, Nozomi? I guess your winky emote shows that you aren't truly expecting a dub of Aria from Nozomi. For the benefit of those who may not know, part of Nozomi's business plan is to license supah-niche titles subbed, since dubbing them would virtually guarantee losing money. I'm a dub-lubber myself, but my philosophy is always: better a sub than nothing at all.

Ah, but then to see other "supah-niche" titles on their catalogue with a dub, just makes a mockery of that business plan, but I digress.

Sam Murai wrote:

[...] if Sojitz still owned 20% of ADV even after their partnership was cut off, what became of their share after ADV closed down? Would they get anything (money-wise) as a result or be affected by it in anyway? If the company isn't really going anywhere, then does Sojitz have any right to be suspicious enough of it to take any action against them, or would it be out of their hands as minority stakeholders?

There isn't much of anything that Sojitz would be able to do since they represent a minority of the ownership. As for their share, unless they are involved with the new companies they will have what other owners get when a company ends, whatever is left after creditors get their share. Oftentimes this amounts to little if anything since the assets are sold to pay debts. After they're paid there is a pecking order. Partnerships pay out according to how much each partner owns and corporations pay people with preferred stock first and then people with common stock. Usually by this point there isn't anything left for them.

One thing that didn't change is that Sojitz continued to own 20% of A.D.Vision, Inc. This is a big problem because it's very, very hard for a corporation with a major hostile shareholder to acquire financing or investment.

Through an asset purchase agreement, AEsir Holdings, LLC ("Aesir") acquired a subordinated interest in selected programming from ADV's film library together with other intellectual property subject to all liens and security interests of the Company's senior secured lender. The transaction requires Aesir to assume specific obligations and scheduled liabilities of the Company under legacy license agreements associated with the acquired programming.

Concurrently, the Company concluded an asset purchase agreement with SXION 23, LLC, doing business as "Section23 Films," a home video distribution company, under which it assumes account servicing and distribution operations in connection with the library acquired by Aesir, subject to all liens and security interest of the Company's senior secured lender.

hmm... I guess it needed to be clearified. Even though technically ADV Films is dead, its still business as usually, just a new owner(s) and name(s). Hey, sometimes things need a name change. Look at the Kiwi fruit. It use to be called the chinese gooseberry and no one bought it. Now its in everything. Thanks ADV Films for the memories and though business life lessons. May your new name bring back the spirit you had in the 90's.