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4Kids Files for Bankruptcy

Yahoo! Finance reports that 4Kids Entertainment has filed for chapter 11 bankruptcy status. 4Kids confirmed last week that bankruptcy was an option for the company after Japanese companies TV Tokyo and Nihon Ad Systems retracted 4Kids’ distribution license for the Yu-Gi-Oh anime franchise and filed a lawsuit against 4Kids charging unpaid debts. Chapter 11 bankruptcy will allow 4Kids to continue business operations. The company has been steadily losing money and was delisted from the New York Stock Exchange last year.

Source: Anime News Network

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This entry was posted on Wednesday, April 6th, 2011 at 7:43 pm and is filed under Anime News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “4Kids Files for Bankruptcy”

  1. YotaruVegeta Says:
    April 6th, 2011 at 10:19 pm

    We had fun back in the day, 4Kids, but you screwed up one time too many! Time to hit the bricks, sister!

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