Hello and greetings fellow otaku,
Well here is another edition of my anime rants. And folks you may want to stay in your seats for this one.
According to Marketwatch.com, it has been announced recently that Funimation Entertainment’s parent company Navarre Corporation is currently in the process of selling the popular Japanese anime distribution company. Navarre states that Funimation’s business strategy is completely different from the companies overall strategy. They claim that in order for the business to grow, Funimation needs to focus on providing original content, social networking products and focus on digital broadcasting in which a potential buyer of the company with the same interests can provide.
As Navarre’s CEO Cary L. Deacon goes on to state,
“Navarre is perusing a more focus strategy. Now that we have substantially reduced debt and improved operating margins, we are focusing our efforts on drawing revenue, particularly in new product lines”.
Now I don’t know if you are outraged by this or not but in all honesty, I am F******* P***** off by this. Now as most of you guys know, Funimation is one of the most popular anime distribution companies that has survived the tough times of the recession. Personally, I am absolutely upset by what Navarre is doing. This has to be one of the biggest mistakes that a huge corporation like Navarre could make. Navarre has plans to release more details during their end of the fiscal year conference call this Friday.
We will have more information about Navarre’s plans for Funimation later on this week, so stay with us for the latest updates on this developing story. So until next time, remember that there is a ton of great anime and manga out there. All you have to do is find it. Ltrs.