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NEWS: Funimation's Sales, Profit Meet Lowered Expectations




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kokuryu



Joined: 07 Apr 2007
Posts: 915
PostPosted: Thu Nov 08, 2007 2:34 pm Reply with quote
Good thing they clarified that about the scheduling of releases. It looks like they are more on mark than before, so as long as I continue to see thinpacks and similar full sets come out of them, they get my dollars.
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Dargonxtc



Joined: 13 Apr 2006
Posts: 4463
Location: Nc5xd7+ スターダストの海洋
PostPosted: Thu Nov 08, 2007 4:33 pm Reply with quote
Well it does kinda make sense since with all the new FUNimation series in production spending money, but with nothing in return yet. But they did say in three different ways that they were expecting this so I don't think it is too much to be concerned over.
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emory



Joined: 28 Jan 2004
Posts: 615
PostPosted: Thu Nov 08, 2007 4:34 pm Reply with quote
The stock closed down 40% today. Sad
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Hon'ya-chan



Joined: 31 Jul 2007
Posts: 973
PostPosted: Thu Nov 08, 2007 4:47 pm Reply with quote
They should buy 4kids and diversify. Save us the trouble of bashing Kahn when he does the next insipid act against humanity.
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Espeon



Joined: 09 Apr 2004
Posts: 105
Location: Australia
PostPosted: Thu Nov 08, 2007 5:14 pm Reply with quote
I want Geneon back Razz
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samuraiwalt



Joined: 06 Jul 2004
Posts: 647
PostPosted: Thu Nov 08, 2007 5:21 pm Reply with quote
emory wrote:
The stock closed down 40% today. Sad


I don't know which stock market you are referring to. The Dow closed down .25% and the Nasdaq closed down 1.92% today.
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miji



Joined: 30 Jun 2006
Posts: 74
PostPosted: Thu Nov 08, 2007 5:29 pm Reply with quote
I think they were referring to Navarre's stock.

Since they said they were expecting this, and knew why it was down makes sense. They also made a lot of acquisitions lately, and some of those are probably in production right now. I think the same quarter last year also saw the release of the last 3 FMA volumes and the FMA movie. They certainly didn't have something like that this year.
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uncutpokemon



Joined: 20 Jun 2006
Posts: 88
PostPosted: Thu Nov 08, 2007 8:39 pm Reply with quote
miji wrote:
I think they were referring to Navarre's stock.

Since they said they were expecting this, and knew why it was down makes sense. They also made a lot of acquisitions lately, and some of those are probably in production right now. I think the same quarter last year also saw the release of the last 3 FMA volumes and the FMA movie. They certainly didn't have something like that this year.

don't worry, they have One Piece now! but either way, poor FUNimation Anime cry, this is not something that should ever happen to the great FUNimation! things like this should only happen to 4kids.
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HitokiriShadow



Joined: 09 May 2005
Posts: 6251
PostPosted: Thu Nov 08, 2007 9:02 pm Reply with quote
Dargonxtc wrote:
Well it does kinda make sense since with all the new FUNimation series in production spending money, but with nothing in return yet. But they did say in three different ways that they were expecting this so I don't think it is too much to be concerned over.


In addition to that, some of their titles that they announced back in their Kick Off week at the beginning of the year are just now getting solid (more or less) dates. So they've been putting money into those titles and haven't gotten squat for them yet.
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ImperialPanda



Joined: 21 Jan 2007
Posts: 16
PostPosted: Thu Nov 08, 2007 11:52 pm Reply with quote
emory wrote:
The stock closed down 40% today. Sad


Going from an expected net income of $2.3m to an actual loss of $0.4m can do that. Especially to a company that was only worth $130m. Not to mention they cut the outlook for year's revenue by 6-7% and net income by 40%.

Class action lawsuit on the way!

samuraiwalt wrote:
I don't know which stock market you are referring to. The Dow closed down .25% and the Nasdaq closed down 1.92% today.


Maybe we're talking about Navarre's stock? NAVR

You might get a 40% drop in the market index if we start a nuclear war or something.
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nobahn
Subscriber



Joined: 14 Dec 2006
Posts: 4846
PostPosted: Fri Nov 09, 2007 12:16 am Reply with quote
emory wrote:
The stock closed down 40% today. Sad


I never thought that I would see a comment on a company's stock price on an ANN bulletin board! Rolling Eyes
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fighterholic



Joined: 28 Sep 2005
Posts: 9193
PostPosted: Fri Nov 09, 2007 12:23 am Reply with quote
Espeon wrote:
I want Geneon back Razz

Now that we don't want to see happen to Funi now do we?
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ImperialPanda



Joined: 21 Jan 2007
Posts: 16
PostPosted: Fri Nov 09, 2007 1:38 am Reply with quote
fighterholic wrote:
Now that we don't want to see happen to Funi now do we?


Well they're making money at least (yearly). That counts for something. Rolling Eyes
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fighterholic



Joined: 28 Sep 2005
Posts: 9193
PostPosted: Fri Nov 09, 2007 2:14 am Reply with quote
True, as long as the money is coming in that's important. Wouldn't want to see them keep going downward is all I can really say about the whole issue. They have projects and series coming out to help them with what they need to do keep they're financial state stable, so it shouldn't be anything to worry about.
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MarzGurl



Joined: 22 Jul 2006
Posts: 111
Location: San Antonio, Texas
PostPosted: Fri Nov 09, 2007 8:00 am Reply with quote
Hon'ya-chan wrote:
They should buy 4kids and diversify. Save us the trouble of bashing Kahn when he does the next insipid act against humanity.

Actually, 4Kids is just a division of FUNimation to begin with. That's why the licensing for One Piece transitioned so smoothly between hands. What they need to do is CLOSE 4KIDS and produce all of that anime the way it was originally created. Maybe then I'd be making some new purchases on anime that I thought I'd like but won't watch because of TV edits. In this day and age, we should no longer have these kind of edits. ~points to DIC's Sailor Moon and vomits~
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