Forum - View topicNEWS: Navarre: Funimation's Sales Rise, Still Plans Split
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Divineking
 Posts: 1298 |
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Discontinued operation huh? Wonder if they've decided who their selling Funi to...
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ZakuAce
 Posts: 525 Location: SE Wisconsin |
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If they already knew who they were selling Funi to, they would have done it. No doubt they are still in negotiations with interested parties.
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Blood-
 Bargain Hunter Posts: 24166 |
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I'll be glad when the sale finally happens. This uncertainty over the fate of my fave anime distrib bugs me.
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luffypirate
 Posts: 3187 |
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Meh, kinda grown weary of FUNi. Some nice Blu-rays, but thats about it. All of my money has been going right to Japan lately.
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_V_
 Posts: 619 |
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I am strongly curious as to who those "6 interested parties" In buying FUNimation are. I.e. if its anyone we've heard of, like Sony.
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DerekTheRed
 Posts: 3544 Location: ::Points to hand:: |
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If you listen to the quarterly call on Navarre's website, most of the questions that the analysys ask them are about Funi. The very first one is if they have recieved any bids, Navarre responds that they have, and are analyzing if it is a good business decision, and if selling Funi at all is still a good business decision. So, I wonder if they will make the deal. They also say in response to a different question that they will know for sure internally by the end of CY10. I suppose that means first quarter announcement at the earliest?
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Kruszer
 Posts: 7994 Location: Minnesota, USA |
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I'm with you on that. I can do without one less source of anxiety. |
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agila61
 Posts: 3213 Location: NE Ohio |
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Equity markets don't like uncertainty ~ if they announce a buyer on terms that are not terrible, they'd have reason to expect a small bump in their valuation. |
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garfield15
 Posts: 1535 |
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Same here. |
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_V_
Posts: 619 |
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Please pay attention: they've been at "discontinued operations" status for *months*. Nor does that mean FUNimation has been "discontinued", business proceeds as normal. The article made it a point to highlight this, as they have in the past, because the terms can confuse people not used to the business jargon: it simply means that Navarre no longer tabulates FUNimation as part of it. This is common practice, happens all the time, and has absolutely no effect on FUNimation's current business operations. |
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Blood-
Bargain Hunter Posts: 24166 |
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I understand that the term "discontinued operation" in and of itself has no effect on Funi's current business operations, but it would be naive to assume that the fact Funi is being plumped up for a sale isn't having an impact. My (perhaps unfounded) concern is that until the sale goes through (assuming it does), Funi may not be licensing as much as it would be under normal circumstances. I also worry that a sale might mean of change in key personnel. Since I'm quite happy with the way Funi has been operating, this prospect does not have me jumping for joy. |
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Kalessin
 Posts: 931 |
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Talking about the fiscal year 2011 like that is just plain confusing. Why can't they just stick to the calendar year like normal people or find a less confusing way to state it? I guess that if you deal with it all the time, you get used to it, but sheesh. I'd have voted to just stick to the calendar year and keep is simple.
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calimike
Posts: 113 |
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I predict They shut down Funi for good!
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AnimeCornerStore
Accredited Retailer
 Posts: 119 Location: Winchester, VA USA |
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I agree, I don't think they are making much progress towards this. NAVR sold off quite a bit after the call. In their defense, they are trying to accomplish this in the worst possible financial environment imaginable. I'm not sure the small year over year FQ2 increase merits any consideration either. FQ2 last year was pretty abysmal across the board, so any YOY comparison will be a bit tainted. Bob (aka Robert) President The Anime Corner Store |
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AnimeCornerStore
Accredited Retailer
Posts: 119 Location: Winchester, VA USA |
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It's really not hard to understand. If a company's very first reporting period is the 3rd quarter (say they started operations in July), that period usually becomes the 1st reporting quarter (ie Q1) for the first fiscal (reporting) 12 month period, so your 'fiscal' year would run July to June. It's relevant mostly for budgeting and/or tax purposes. Public companies also have reporting requirements, based on state and federal rules, that require them to make reports and pay taxes at certain times during a 12 month period, but those rules don't require that 12 month period to synch up with the regular Jan-Dec calendar period. About 35% of all public companies have 'fiscal' year calendars that don't synch up with the regular calendar for this reason. Bob (aka Robert) President The Anime Corner store |
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