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…

Author: Ray

I'm a hardcore Anime Fan and I'm proud of it. I know so many things and I've acquired so much knowledge you wouldn't believe. But my love is anime. I've been drifting in this world for so long that I don't even know what an anchor means. I've seen so many shows that I've lost count. The only thing I'm sure of myself is that I care for the lowly and disenfranchised. I hate the rich and powerful and I love what I do, or what I can do. I like anime and I don't mind watching different types of shows. I have experience in different types of Japanese animation. I would be called an "expert" in a bizzaro world. One day, I'd like to start a revolution. I love the US, pizza, beer, sashimi, Chinese food, and steak. But I love freshly baked bread more than a well-aged steak. In reality, if I were born Japanese I'd be a real, hardcore Otaku. I love to love and I can hate strongly. I'm passionate in nature and I don't mind shedding tears. I can be reached at rayyhum777 at animediet. My Twitter is rayyhum777 at twitter.

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