GONZO in financial strife
An interesting turn of events in the business aspect of anime involving GDH, the parent holding company of the Gonzo anime studio and the GONZO Rosso Online game studio. The Tokyo Stock Exchange has announced that the company will be given a one year grace period to improve its financial situation or face being taken off the exchange.
The reason for this, according to the exchange, is because GDH has been deemed to be insolvent, or having total financial liabilities that exceed its total financial assets, during the accounting period that ended in March of 2008. The grace period started from April 1 and will end on March 30, 2009. So they have just under 9 month to turn their company around… which is next to impossible considering the anime they’ve being churning out, unless they find a very generous backer.
Oh not to worry this is just yet another set back in GONZO’s history of failures. They don’t need to be listed on the Tokyo Stock Exchange to continue to provide us with disappointing anime after disappointing anime.
Here is the article from ANN.
4 July, 2008 at 6:46 pm
I’m happy to see that I’m not the only anti-GONZO anime enthusiast out there. Besides making Afro Samurai looking frickin’ amazing they’ve done very little worth noting in their history.
4 July, 2008 at 10:30 pm
I’m not anti-GONZO per se. They have made or being a part of many anime I’ve enjoyed. Bokurano, Full Metal Panic, GANTZ, to name a few. But to quote my friend, ” they have a tendency to WTF the source material.” Nevertheless, they have produced far more stinkers than quality animes, and deserve to die if that’s what they plan on doing in the future.
20 July, 2008 at 2:12 pm
[...] On another note, I don’t think GONZO is going to get very far if this is the approach they plan to take in order to get out of their financial troubles. [...]
11 September, 2008 at 6:23 pm
[...] you remember back to July, I posted on how GDH, the parent holdings company of the Gonzo anime studio, was given a one-year grace [...]