News 4Kids Releases Results for First Quarter of 2008
posted on 2008-05-16 13:29 EDT
4Kids Entertainment, the American licensing company whose current anime properties include Yu-Gi-Oh and Dinosaur King, announced its financial results for the quarter ending March 31, 2008. During the first three months of the year, 4Kids posted revenues of US$15.0 million, but a net loss of US$6.4 million.
According to 4Kids Chairman and CEO Alfred R. Kahn, much of the loss was caused by expenses surrounding the launch of 4Kids' Chaotic trading card game. The market for auction rate securities, of which 4Kids maintains a portfolio, also declined. The third reason Kahn cited was the "decreased licensing revenues from some of our more established properties.”