Funimation Wants Geneon Titles14 Feb, 2008 By: Chris Tribbey
"When They Cry"
Anime distributor Funimation is looking to acquire the rights to several titles licensed by Geneon, the anime distributor that ended its DVD business in September.
During an earnings conference call with investors Feb. 7, Navarre Corp. CEO Cary Deacon acknowledged that his company was seeking to acquire several Geneon library titles. Navarre owns Funimation.
When Geneon ceased its DVD operations, several series that had initial volumes released were left in limbo, including “When They Cry” and “Hellsing Ultimate.” There has been no hint as to what title Geneon may acquire, or if the acquisitions would be limited to feature-length movies such as Appleseed and Akira, or TV series.
When Geneon ended its operations, the company's CEO Eiji Orii blamed it on a failed ADV Films proposal that would have had ADV handling all of Geneon's sales and distribution. The day before Geneon ceased operations, Japanese parent company Dentsu Inc. announced a loss of $44 million, largely due to its American anime business.