4Kids Entertainment: Difference between revisions

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==History==
==History==
Starting with the TV special ''[[The Mastermind of Mirage Pokémon]]'' and continuing through season 9 onward, Pokémon USA (now known as [[The Pokémon Company International]]), maintained the English-language version of the Pokémon anime. Beginning in May 2008, 4Kids took control of the {{DL|Pokémon in the United States|Kids' WB!}} block. The block is now known as {{wp|The CW 4Kids}}. 4Kids announced that in order to retain control of TheCW4Kids, 4KidsTV will move online instead of being on FOX affiliates as of January 1, 2009. This block was later replaced with Toonzai, which was also owned by 4Kids. In 2012, 4Kids also ended the Toonzai block. Saban Brands then created the block called Vortexx, taking Toonzai's previous timeslot. This block was cancelled in 2014. As of 2015, many 4Kids television dubs no longer air on American Television (with the exception of the early seasons of Pokemon and the Pokemon Movies that they dubbed).
Starting with the TV special ''[[The Mastermind of Mirage Pokémon]]'' and continuing through season 9 onward, Pokémon USA (now known as [[The Pokémon Company International]]), maintained the English-language version of the Pokémon anime. Beginning in May 2008, 4Kids took control of the {{DL|Pokémon in the United States|Kids' WB!}} block. The block was relabelled as {{wp|The CW4Kids}}. 4Kids announced that in order to retain control of The CW4Kids, 4KidsTV will move online instead of being on FOX affiliates as of January 1, 2009. This block was later replaced with {{wp|Toonzai}}, which was also owned by 4Kids. In 2012, 4Kids also ended the Toonzai block. Saban Brands then created the block called {{wp|Vortexx}}, taking Toonzai's previous timeslot. This block was cancelled in 2014. As of 2015, many 4Kids television dubs no longer air on American Television (with the exception of the early seasons of Pokemon and the Pokemon Movies that they dubbed).


On June 1, 2010, the {{wp|New York Stock Exchange}} delisted 4Kids from their listings.
On June 1, 2010, the {{wp|New York Stock Exchange}} delisted 4Kids from their listings.
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{{wp|TV Tokyo}} and {{wp|Nihon Ad Systems}} sued 4Kids Entertainment on March 24, 2011, due to "underpayments, wrongful deductions, and unmet obligations" concerning the Yu-Gi-Oh franchise. TV Tokyo and Nihon claimed that 4Kids' collaboration with {{wp|Funimation Entertainment}} violated their original contract and enabled 4Kids to hide income amassed from home video production. They sought $4,792,460.36 USD in damages as a result. <ref>http://www.animenewsnetwork.com/news/2011-03-29/tv-tokyo-nihon-ad-terminate-yu-gi-oh-deal-sue-4kids</ref> In the midst of the lawsuit, 4Kids filed for {{wp|Chapter 11 Bankruptcy}} protection on April 6, 2011. The lawsuit was settled on February 29, 2012, with 4Kids retaining rights to the Yu-Gi-Oh! franchise after a judge ruled that TV Tokyo and NAS had improperly terminated their agreement with 4Kids.<ref>http://www.animenewsnetwork.com/news/2011-12-31/4kids-yu-gi-oh-license-is-still-in-force-court-rules</ref>
{{wp|TV Tokyo}} and {{wp|Nihon Ad Systems}} sued 4Kids Entertainment on March 24, 2011, due to "underpayments, wrongful deductions, and unmet obligations" concerning the Yu-Gi-Oh franchise. TV Tokyo and Nihon claimed that 4Kids' collaboration with {{wp|Funimation Entertainment}} violated their original contract and enabled 4Kids to hide income amassed from home video production. They sought $4,792,460.36 USD in damages as a result. <ref>http://www.animenewsnetwork.com/news/2011-03-29/tv-tokyo-nihon-ad-terminate-yu-gi-oh-deal-sue-4kids</ref> In the midst of the lawsuit, 4Kids filed for {{wp|Chapter 11 Bankruptcy}} protection on April 6, 2011. The lawsuit was settled on February 29, 2012, with 4Kids retaining rights to the Yu-Gi-Oh! franchise after a judge ruled that TV Tokyo and NAS had improperly terminated their agreement with 4Kids.<ref>http://www.animenewsnetwork.com/news/2011-12-31/4kids-yu-gi-oh-license-is-still-in-force-court-rules</ref>


In June 2012, {{wp|Saban Brands}} purchased the rights to several of 4Kids' anime properties, including {{wp|Dragon Ball Z}}, {{wp|Sonic X}}, {{wp|Cubix}} and the Toonzai block. The rights to the Yu-Gi-Oh! franchise were sold to {{wp|Konami}} (who also acquired 4Kids Productions, reincorporating it as 4K Media).<ref>https://twitter.com/nickandmore/status/213805772507856896</ref>
In June 2012, {{wp|Saban Brands}} purchased the rights to several of 4Kids' anime properties, including ''{{wp|Dragon Ball Z}}'', ''{{wp|Sonic X}}'', ''{{wp|Cubix}}'' and the Toonzai block. The rights to the Yu-Gi-Oh! franchise were sold to {{wp|Konami}} (who also acquired 4Kids Productions, reincorporating it as 4K Media).<ref>https://twitter.com/nickandmore/status/213805772507856896</ref>


On December 5, 2012, 4Kids Entertainment announced that it had ended a dispute (over the so-called Pokémon agreement) with The Pokémon Company International under which TPCi will get a $1 million general unsecured claim against the debtor.
On December 5, 2012, 4Kids Entertainment announced that it had ended a dispute (over the so-called Pokémon agreement) with The Pokémon Company International under which TPCi would get a $1 million general unsecured claim against the debtor.


In December 13, 2012, 4Kids announced that they have exited their bankruptcy, and was reworking the structure of their company.
In December 13, 2012, 4Kids announced that they have exited their bankruptcy, and would be reworking the structure of their company.


In December 21, 2012, 4Kids was reincorporated as '''4Licensing Corporation'''.
In December 21, 2012, 4Kids was reincorporated as '''4Licensing Corporation'''.
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