Forum - View topicNEWS: 4Kids Files Shareholders' Report on Yu-Gi-Oh! Lawsuit
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WeirDiE_InC
 Posts: 414 Location: The GVRD |
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And I'll say it again, as Primus put it, LEAVE NELVANA ALONE. And next time, don't use the Cardcaptor argument; that's been played out. Jeez, do people hate them that much? With merchandisers and networks to deal with, it's no wonder no one likes to license kids anime; it's such a pain in the ass! |
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Lightning Leo
Posts: 311 Location: Earth |
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First the economy. Then politics. And now, anime? Geez, what won't corporate greed taint?
 j/k
Nothing's been officially decided in this case yet, so casting early judgments may be a bit premature. It does look pretty bad for 4Kids where I'm sitting, though.
Can't say I understand all the hatin' either, I don't remember 4Kids killing anyone's babies or anything, though they did kill my inner child with the One Piece dub. This is the Internet, too. Forums are like a laxative for our schadenfreude. 
If so, then I'll be taking the red pill please! 
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kazamatsuri
Posts: 6 |
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You know it's funny. In more than 5 years, the following has happened with 4Kids:
- They lost the licensing rights to Pokemon and One Piece. - They publicly reported a net loss of income in almost every 3-month quarter. - They laid off 15% of their workforce by year end 2008. - They publicly considered options such as a joint money market merger or a buyout of the company. - The CEO (at the time) Alfred Kahn reportedly took a 20% pay cut. Despite 4Kids' general display of incompetence in Dubbing Anime, their misguided philosophy of Americanization (if you can even call it that), and their shitty fan service, I actually felt sorry for them. After this, not anymore. Poor entertainment quality and controversial production values or one thing. Acts of criminal activity are completely different. I can't help but wonder if all those public reports of income loss were made up, or at least exaggerated (4Kids would have to feel at least somewhat strapped for cash if they felt compelled to do this). Don't you guys find it odd that these guys could lose so much money over 5 years, yet still have the funds to maintain control of network line-ups like Toonzai? Innocent until proven guilty of course, but two foreign companies jointly filing a lawsuit after closely looking at their financial books does not bode well for 4Kids. And this latest response from the company only makes them look worse. I do feel for the rank-and-file employees who had nothing to with any of the decisions made by the higher-ups. If 4Kids goes under, they will no doubt have to deal with the great inconvenience of being laid off. But justice has to be served here, whatever the outcome. |
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Lapis Lazuli Lolita
 Posts: 220 Location: The N-Field |
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Oh my goodness, there are United States-based businesses out there that prioritize profits in a capitalistic manner? Surely you jest! |
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kazamatsuri
Posts: 6 |
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True, but there are laws on the books to keep things in balance and ensure that business affiliates and employees get a fair deal. These laws aren't perfect, but violating them, which is the question here, not only has an adverse effect on the company legally, but politically as well. |
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Manic_Monkey
Posts: 27 |
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My guess is The CW is happy that someone was able to buy that time slot at any price considering the original reason CW bailed on Kids WB was advertisers bailing due to advertising restriction on what you can and can't advertise to kids. That is my guess anyway. |
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Cave
Posts: 80 |
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You have no idea what their expenses are. And the economy in recent years has caused many companies to cut costs. Given the situation, your original points are not very "odd" at all. I don't know much about Toonzai, but I'm sure whatever station it's on wants to make money too. And we all know that licensing costs are HUGE. Especially for shows like the Dragonball series and YuGiOh. I have no problem with companies wanting to make money, though when they don't even try to care about customers is sad. It's saddening how many innocent people this will affect though because of a few people's selfishness. Best of luck to those who will be laid off and also best of luck to YuGiOh continuing in some form or another. I really love though how the response with 4Kids completely ignores the actual problem, though there's probably a lawyer there somewhere saying, "Say -nothing-." |
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LilyChan
 Posts: 101 Location: Arizona |
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Business may be business but how can you make business if no one buys the finished product they don't like? |
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Sunday Silence
 Posts: 2047 |
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Or doesn't make them in the first place? |
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theblackpaladin
Posts: 30 |
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What I'm curious about more than anything else is why FUNimation's name would even be appearing to begin with. Asside from helping 4Kids distribute the uncut Yu-Gi-Oh DVDs many years ago, FUNimation has no connection to Yu-Gi-Oh whatsoever........so why is their name even showing up in this lawsuit to begin with?
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Dessa
 Posts: 4438 |
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Because the deal to distribute said DVDs is part of the lawsuit. FUNimation isn't listed as a defendant, but they still have to be named as one of the parties involved in the deal that is involved in the lawsuit.
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unready
 Posts: 399 Location: Illinois, USA |
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Funimation paid 4Kids proceeds from the DVD sales. That's the money that 4Kids didn't report to TVT and NAS, by classifying it in their finances as something other than "royalties," to avoid paying them half. TVT and NAS need to be as specific as possible (sort of like "beyond a reasonable doubt") to demonstrate they even have a case against 4Kids. If they just said, "We think 4Kids has some money, but we don't know how much or how they got it, and we think they owe us some," then the courts would say, "Get out of here and don't come back until you have something that doesn't waste our time." As it is, they've identified US$3.934 million that Funimation paid to 4Kids of which 4Kids owes them 50%. Since this is a civil case and since only 4Kids owes money, only 4Kids is a defendant. Funimation might still be deposed or asked to testify, though. I doubt Funimation would face criminal charges on fraud as the co-conspirator TVT and NAS allege it is for two reasons. 1. This isn't Enron or Bernie Madoff. It's "only" a few million dollars between a couple corporations. No little old ladies lost their life savings. Therefore no prosecutors will spend their time bringing a criminal case. 2. If there is a criminal case, Funimation could make a deal for immunity to rat out 4Kids and say it was all 4Kids' idea, which it probably was, anyway. |
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teh*darkness
 Posts: 901 |
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I have to comment on this one facet that many people seem worried about.
The comment in the original article about a "secret" deal between 4Kids and Funimation. Everyone seems to be taking this as Funi knowing that the deal was being kept secret from TVT and NAS, when a distinct possibility (from the way I read it), is that TVT and NAS were saying the deal was kept a secret from them by 4Kids. If this is the case, then Funimation is completely in the clear, except for some poor word choices on the part of the lawsuit. I highly doubt that Funi would have entered into a deal with 4Kids to distribute DVDs for them if they knew that 4Kids was going to screw over the licensors on royalties. |
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jr240483
 Posts: 4378 Location: New York City,New York,USA |
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Which is the reason why Funi is more liked despite for some cases , they use english translated for their series ( Kiddy Grade , Case Closed , Fruit Basket ) and in some cases , compltely make the script completely loose ( Gunslinger Girl ) that unfortunately make some of the otakus cringe. Also I know it's been 10 yrs , but there are a lot of people other than me that still dont trust them, and it's not just because of their destruction of Card Captors Sakura. I though they changed after I watched the dubs of Bakugan Battle Brawlers and especially with Heavy Metal Beyblade (Beyblade Metal Fusion ) , BUT after actually just watching some of english sub versions of Heavy Metal Beyblade ,they unfortunately haven't changed their ways from the bad old days. However your point is taken. Since their a Caniadian CO & they are very large when it comes to children series, but when they are editing series that are clearing aint for their age demograph ( 7-12 ),the trust with anime fans goes out the window and they become no better than 4kids. The same with 4kids after the destruction of some of their series even though it's many years now. I really really hope TV Tokyo and that other co sue the pants out of 4kids so they can finally remove the yugioh series from their clutches as well as the lawsuit will finally force 4kids to declare bankcruptcy and be put out of it's pathetic misery. Last edited by jr240483 on Thu Apr 07, 2011 7:52 pm; edited 1 time in total |
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RekaG{Osaka}
Posts: 3 |
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