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
Related Posts
About The Author
john
One Comment
Add a Comment
You must be logged in to post a comment.
We had fun back in the day, 4Kids, but you screwed up one time too many! Time to hit the bricks, sister!