Note: iOS 9 + Facebook users w/ trouble scrolling: #super sorry# we hope to fix it asap. In the meantime Chrome Mobile is a reach around

Oh noes anime is dying! FUNimation posts $2.3m profit

7:00 PM on 10.30.2009 // Josh Tolentino

The issues surrounding the anime industry are myriad, as any otaku would know. Piracy, fansubs, declining interest in DVD sales, and of course the overall economic downturn. To that effect, many an internet voice has sounded the death knell of the American anime industry.

This is not so, however! At least, not for some publishers. Navarre Corporation, the parent company of FUNimation, has posted a 2nd-quarter profit of $2.3 million. Compared to the same period last year when the company recorded a massive $44.5 million loss, it looks like quite the achievement.

Home Media magazine reports that FUNimation's success played a large part in the turnaround, as well as Navarre's managing to cut ties with the unhappy DVD distributor BCI. Not everything turned up roses, though. The recession reared its head in the net sales figures, which were down to $122 million compared to $170 million the year before.

Good going, FUNi! Here's to you guys scraping together the cash to license Bakemonogatari on Blu-ray!

Josh Tolentino, Managing Editor
 Follow Blog + disclosure unangbangkay Tips
Josh is Japanator's Managing Editor, and contributes to Destructoid as well, as the network's premier apologist for both Harem Anime and Star Trek: Voyager For high school reasons, he's called "u... more   |   staff directory

 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our community fisters, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding * to your whitelists.


Invert site colors

  Dark Theme
  Light Theme

Destructoid means family.
Living the dream, since 2006

Pssst. konami code + enter

modernmethod logo

Back to Top

We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
Pssst. Konami Code + Enter!
You may remix stuff our site under creative commons w/@
- Destructoid means family. Living the dream, since 2006 -