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4Kids Entertainment: Difference between revisions
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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. | ||
{{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 of 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. Rights to the Yu-Gi-Oh! franchise were sold to {{wp|Konami}}, who also acquired 4Kids Productions and reincorporated it as 4K Media.<ref>https://twitter.com/nickandmore/status/213805772507856896</ref> | In June of 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. Rights to the Yu-Gi-Oh! franchise were sold to {{wp|Konami}}, who also acquired 4Kids Productions and reincorporated it as 4K Media.<ref>https://twitter.com/nickandmore/status/213805772507856896</ref> | ||