Geneon’s loss affects its parent company.

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From Anime Corporation News

Dentsu Posts $44 Million Loss on Geneon USA

Advertising corporation Dentsu Inc., the owners of Geneon Entertainment, have posted an estimated 4.7 billion yen (US$41 million) consolidated and a 5.1 billion yen (US$44 million) non-consolidated loss for its current fiscal year. The losses reflect the sudden downsizing of Geneon Entertainment USA.

Ray’s take: Not much to say here except the ripple of the downfall of Geneon USA is affecting its Japanese parent back home. Not a good sign for the shareholders, I guess…

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