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NEWS: New York Lists Media Blasters as Dissolved as of April 2011


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Divineking



Joined: 03 Jul 2010
Posts: 1297
PostPosted: Fri May 04, 2012 3:07 pm Reply with quote
Oh the sky she is a fallin' Sad
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Zilan



Joined: 20 Jan 2005
Posts: 167
PostPosted: Fri May 04, 2012 3:08 pm Reply with quote
Here's hoping Sentai or someone picks up Squid Girl season 2. :\

Can't say I'll miss media blasters. The constant screwing of their fans with cheap boxset announcements weeks after a show is released. And the latest with the Squid Girl season 1 blu-ray.

Good riddance.
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wandering-dreamer



Joined: 21 Jan 2008
Posts: 1733
PostPosted: Fri May 04, 2012 3:19 pm Reply with quote
Aw crap. Well, everyone knows the drill by now, go out and buy stuff before the prices skyrocket.
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agila61



Joined: 22 Feb 2009
Posts: 3213
Location: NE Ohio
PostPosted: Fri May 04, 2012 3:20 pm Reply with quote
Divineking wrote:
Oh the sky she is a fallin' Sad

Well, if not the sky, then that old tree out back that had already lost most of its branches when that big storm passed through.
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DavidShallcross



Joined: 19 Feb 2008
Posts: 1008
PostPosted: Fri May 04, 2012 3:20 pm Reply with quote
April 2011? That's over a year ago.
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JohnnySake



Joined: 22 May 2008
Posts: 585
Location: Auburn Hills, MI
PostPosted: Fri May 04, 2012 3:27 pm Reply with quote
From the point of view from someone who actually files such forms for the out of state registrations for the company I work for, this really does not mean a whole lot. All it takes is to not file the form, and pay its associated fees and your company is considered inactive or dissolved in the eyes of that state. It has nothing to do with the financial health of a given company. It could be as simple as not wanting to pay some annual fees to save money.

That being said, I still am hoping Media Blaster pulls through these tough times they seem to be having.
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superdry



Joined: 07 Jan 2012
Posts: 1309
PostPosted: Fri May 04, 2012 3:29 pm Reply with quote
JohnnySake wrote:
From the point of view from someone who actually files such forms for the out of state registrations for the company I work for, this really does not mean a whole lot. All it takes is to not file the form, and pay its associated fees and your company is considered inactive or dissolved in the eyes of that state. It has nothing to do with the financial health of a given company. It could be as simple as not wanting to pay some annual fees to save money.

That being said, I still am hoping Media Blaster pulls through these tough times they seem to be having.


Can a company not pay the state fees and continue business because they are moving out of the state assuming MB is relocating?
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GWOtaku



Joined: 19 Jul 2003
Posts: 678
PostPosted: Fri May 04, 2012 3:30 pm Reply with quote
DavidShallcross wrote:
April 2011? That's over a year ago.


Yeah, this isn't a MEDIA BLASTERS IS DEAD story. This can't be good news though. Justin Sevakis was correct on the ANNCast awhile back, fans shouldn't wait on buying any MB property that they're interested in.
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Saffire



Joined: 25 Nov 2007
Posts: 1256
Location: Iowa, USA
PostPosted: Fri May 04, 2012 3:36 pm Reply with quote
JohnnySake wrote:
From the point of view from someone who actually files such forms for the out of state registrations for the company I work for, this really does not mean a whole lot. All it takes is to not file the form, and pay its associated fees and your company is considered inactive or dissolved in the eyes of that state. It has nothing to do with the financial health of a given company. It could be as simple as not wanting to pay some annual fees to save money.

That being said, I still am hoping Media Blaster pulls through these tough times they seem to be having.
The article says they're not supposed to be doing business though in their current status, yet they obviously have been...isn't that an issue?
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jsevakis
Former ANN Editor in Chief


Joined: 28 Jul 2003
Posts: 1684
Location: Los Angeles, CA
PostPosted: Fri May 04, 2012 3:36 pm Reply with quote
JohnnySake wrote:
From the point of view from someone who actually files such forms for the out of state registrations for the company I work for, this really does not mean a whole lot. All it takes is to not file the form, and pay its associated fees and your company is considered inactive or dissolved in the eyes of that state. It has nothing to do with the financial health of a given company. It could be as simple as not wanting to pay some annual fees to save money.


IANAL, but I don't think "failure to file paperwork, therefore listed as inactive" is the same thing as "didn't pay taxes for two years so the state forcibly dissolved them as a corporate entity". If they really no longer legally exist, that would likely trigger the cancellation of most of their license agreements.
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Aynslesa



Joined: 08 Feb 2012
Posts: 199
PostPosted: Fri May 04, 2012 3:37 pm Reply with quote
Man, that's daunting...I've been looking forward to those Fushigi Yuugi rereleases (that's one series I don't hesitate to double and triple dip on). Hope MB is able to pull through on this, but just to be on the safe side I better check the back catalog and make sure I don' have any incompletes hanging around.
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BalmungHHQ



Joined: 11 Feb 2006
Posts: 444
PostPosted: Fri May 04, 2012 3:39 pm Reply with quote
jsevakis wrote:
If they really no longer legally exist, that would likely trigger the cancellation of most of their license agreements.

Which doesn't seem to be the case though, since releases of theirs are still coming out. Their Squid Girl Blu-Rays shipped just a few weeks ago, and a lot of their other stuff is still being worked on, delays aside. So they're certainly still active, at least.

Not to mention this is from a year ago, and they've released plenty of new releases in the past year.
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Brainchild129



Joined: 09 Aug 2011
Posts: 307
PostPosted: Fri May 04, 2012 3:41 pm Reply with quote
The article does specify that the only business they can do after their dissolution is finishing up what was already in progress, so that they can basically clean up their mess before they go.

It's a shame. True, we've been seeing this coming for a while now, but it's no less a shame. They had some solid titles back in the day, and even before the end, they seemed to be picking up a little with stuff like Squid Girl and Moribito. They will be missed...now I just have to start browsing all the usual shopping sites to pick up those few titles I haven't gotten yet.
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Blood-
Bargain Hunter



Joined: 07 Mar 2009
Posts: 24141
PostPosted: Fri May 04, 2012 3:42 pm Reply with quote
Yep, like most anime-related news stories this one is clear as mud in terms of explaining what this "news" actually means in practical terms.
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BalmungHHQ



Joined: 11 Feb 2006
Posts: 444
PostPosted: Fri May 04, 2012 3:45 pm Reply with quote
Brainchild129 wrote:
The article does specify that the only business they can do after their dissolution is finishing up what was already in progress, so that they can basically clean up their mess before they go.

Except that they've done far more this past year than just "finish up what they have". They've announced new licenses (Fushigi Yugi), started new original projects (Shinobi Girl) and even started up new side-companies (Fever Dream llc.) for Media Blasters to be the parent company of.

Their actions barely reflect anything this article is implying, which is very odd.
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