Forum - View topicNEWS: Ventura Files General Assignment, Liquidates Assets
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GATSU
Posts: 15571 |
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Remember when it used to be internet start-ups which were this unreliable?
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TiredGamer
 Posts: 246 Location: Florida |
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It isn't crooked accounting or pie-in-the-sky dreaming, Gatsu. This was just everyone in the pipeline deluding themselves that this little crisis would work itself out and everyone would get paid.
If I'm not completely off-base, I think this also means any remaining stock from ADV et al. that Ventura is holding now belongs to the liquidators. I wonder if the publishers will buy it back or risk having it compete on the open market. That could represent a serious dent in sales if it were sold under cost. |
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Joe Mello
 Posts: 2311 Location: Online Terminal |
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I'm a little confused as to what's going on. What does this mean for "us" aside from the fact that my bank is short a few mil ^^; (I use PNC)
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Dargonxtc
 Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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Second they are going to have to find a new distributor. Which could be a good thing(or bad). But still a pain in the ass none the less. |
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AstroNerdBoy
 Posts: 413 Location: Denver, CO |
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I was under the impression that only Viz, TP, and Urban Vision were using this distributor. |
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Dargonxtc
Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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CorneredAngel
 Posts: 854 Location: New York, NY |
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Of these, only Funimation and Geneon are on the stock market, and Geneon only in Japan. The rest are all private and/or backed by venture capital money. |
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Dargonxtc
Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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KaidoYuji8Shinji-kun
Posts: 4 Location: Boonies of NH |
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I just dont get it.. Why can all the other companies get their money back and companies like FUNimation, Geneon, TP and ADV not?
They are businesses too.. |
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Dargonxtc
Posts: 4463 Location: Nc5xd7+ スターダストの海洋 |
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The only way they will get there money back is in court, which is an uphill battle, and a long way down the road. |
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kusanagi-sama
 Posts: 1723 Location: Wichita Falls, TX |
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The debt owed to them is unsecured, which means it isn't tied to anything. Other companies that will get paid are secured, which means the money is tied to an asset (The merchandise sold to Ventura for example). Not sure why the anime companies didn't classify the money owed to them as secured. |
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Wakaiba
 Posts: 62 |
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I'm a very uninformed (but self-acknowledged) fan of the industry - does anyone know if this will impact the release of new titles, quality of Ventura's licencees product(s), and/or the amount of product(s) produced will decline?
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hooliganj
 Posts: 113 Location: Longhorn Central |
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Dargonxtc has summed it up fairly well - the amount owed to any individual company isn't large enough to have a severe impact on their business, although Urban Vision isn't a very big company to begin with, so they may feel the impact harder than the others. Still, for the most part, all it means is that these companies might not have as much to spend on new licenses in the upcoming year. Expect another slow summer, announcement-wise. |
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Anime_Freak
 Posts: 420 Location: Oklahoma |
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Does this mean some of the titles already released/will be released by these companies be lower/cheaper than usual then? Or will they be higher in order to make up the money they just lost?
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DarkTenshi90
 Posts: 440 Location: Nebraska |
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If I am wrong, please correct me. |
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