Forum - View topicNEWS: Funimation's Parent Navarre Posts First Quarter Results
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SharinganEye
 Posts: 402 Location: Les Etats-Unis d'Amérique |
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Now why was Funi's staff cut again?
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Dargonxtc
 Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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Wow, 60% growth is huge. I understand Dragonball, but not so much Afro. I didn't see it, but from what I heard it was sort of meh. Best Buy shelves always seemed very full, but maybe they were getting half pallets at a time. But then again 'star power' has the word power in it for a reason. It might include the broadcasting money as well.
It is good to see Peach Girl and Suzuka doing well. I wish they would have also said which ones were on target, and not just above though. In other words, I hope Tsubasa(released a month before Suzuka) is doing well so that the trend of putting out quality artboxes continues. I hope it is not going below target. |
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Fiction Alchemist
Posts: 438 |
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Deleted awfulness.
Last edited by Fiction Alchemist on Thu Sep 08, 2022 12:42 pm; edited 1 time in total |
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Dargonxtc
Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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I thought it was just the people working for animeonline, which they closed altogether, and therefore had no place for them. About the second half of Kodocha, I thought they already said they were not going to license it. |
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AstroNerdBoy
 Posts: 413 Location: Denver, CO |
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While I'm not really a huge fan of Navarre, if they are looking to buy some other companies, I suggest AnimEigo and use it as a hardcore, subtitle-only branch of FUNimation.
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HitokiriShadow
 Posts: 6251 |
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[quote="Dargonxtc"]
I thought it was just the people working for animeonline, which they closed altogether, and therefore had no place for them.[/quote[ I believe they fired 10% of their staff in addition to the animeOnline people (and I don't think all of them were fired. |
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daedelus
 Posts: 743 Location: Texas City, TX (ajd: 6/11/05) |
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Animeonline was a beta test, so I believe that it was a planned layoff from the start. I have no idea how well the test performed.
There's been nothing good or bad officially announced about Kodocha. At OniCon in October I plan to corner every FUNI rep I can and find out whatever they are willing to tell me. Congrats FUNI 
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chrisb
 Subscriber Posts: 617 Location: USA |
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I expected Afro to sell high, it just appeals to more than anime fans, and it was advertised like crazy all over TV.
I'm surprised Peach Girl is doing so well considering around here on ANN, not many people pay attention to it at all, could it maybe have a more mainstream appeal? Funimation's staff must be afraid of all the random layoffs lately, hopefully the company does better (even though it's already #1) so that their parent company can feel they're making enough money to fund their own (rather selfish in my opinion) needs and not need to take it out on Funimation. Congrats to Funi, they've really worked hard on all their releases and they deserve better. Is there a reason why ADV, Geneon, and Bandai don't post their revenue results or press releases as much as Funi does? I'm interested if Bandai's extremely expensive releases are even giving them a profit and also in rumors of Geneon going after the Sailor Moon license again. |
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xgemina
 Posts: 15 Location: SD |
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Well, in the case of ADV they are a private company. Since they are not publicly traded they are not required to disclose their revenue. I'm pretty sure that is the same reason for Geneon and Bandai as well. OTOH, you can own Navarre (NAVR) common stock which closed yesterday at $3.71. As a publicly traded company Navarre is required to disclose their quarterly results. |
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Blue Hiker
Posts: 9 |
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I know financial results can contain "forward-looking statements" and all that, but don't you think there were just a few too many 2008s in that article?
Was scared a year of my life had disappeared for a minute there. 
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saishokushugisha
Editor, Anime Insider
 Posts: 101 Location: USA |
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No, it definitely was not a planned layoff. I know the people who were laid off, and they were stunned.
FUNimation at Otakon announced that sales of Kodocha are bad so they're not going to release any more volumes past a certain very close point.
Fiscal quarters are different than the actual calendar dates, it's true--we're smack in the middle of the last quarter of 2007 right now (Q407 ends in September). Still, Q108 doesn't start until October, so either they're looking pretty far forward or they use a really weird accounting system. |
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Canuckian
Posts: 184 |
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It seems that all those pissed off DragonBall fans(myself included) couldn't hold the series from selling DVDs, although, I'd wonder what would happen if FUNimation didn't make DBZ "WideScreen", and didn't used questionable "restoration" techniques.
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Tempest
 I Run this place.ANN Publisher  Posts: 10420 Location: Do not message me for support. |
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That might be how it works at Wizard, but Navarre just finished Q1 2008. Different companies have different fiscal year ends. When you form a company, you decide then and there when the year end is. You can change the year end at later dates by having "short" years, but never long years. The fiscal year is named after the calendar year that the fiscal year ends in. Since Navarre's Fiscal year runs April1 to March 31, they're currently in Fiscal 2008 as their next year end will be March 31, 2008. June 30 is a very, very common fiscal year end, but neither Wizard, nor Funimation use it. So while Wizard is in Q407, Navarre is currently in Q208. -t Last edited by Tempest on Wed Aug 08, 2007 10:33 am; edited 1 time in total |
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Tempest
I Run this place. ANN Publisher Posts: 10420 Location: Do not message me for support. |
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That wasn't a planned lay-off. Anime Online had another 6 months or so to reach various benchmarks, and for various reasons Navarre decided to pull the plug early. I don't buy the "we're coming back" statement in the least. Rob & staff were forthright about the "we're dead" aspect, and then Navarre changed the message to "we'll be back" after the Anime Online staff were gone. With all of AnimeOnline's staff gone, they'd have to start from scratch. That's not how you move from beta to "release." IMHO, Anime Online had one major failing, it wanted to be a "MySpace for anime," thing is, there's already a MySpace for anime, it's called "MySpace." -t |
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Dargonxtc
Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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Oh, is that what happened. I must of put the two together. The news of it must have been close together. I take it they never supplied a reason for that extra 10%? ----------------------------------------------------------------- Unfourtunatly for Kodocha fans, this good news on the company side is only going to reaffirm there decision to not license it. Did they already license Tsubasa Season two? |
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