4Kids sells Yu-Gi-Oh! to Kidsco


For the first time in America, Yu-Gi-Oh! will be in the hands of another company. In April 2011, 4Kids filed for bankruptcy after TV Tokyo and Nihon Ad Systems sued over a discrepancy in Yu-Gi-Oh! payments. Now, even though all the parties reached an "amicable" settlement earlier this year, 4Kids has announced its plans to sell "substantially all of [their] Yu-Gi-Oh!-related assets" to KidsCo Media Ventures, an affiliate of the Saban Capital Group.

If the US Bankruptcy Court for the Southern District of New York approves the sale -- and they could still authorize other companies to make a bid -- then all rights will transfer to KidsCo. I don't consider Yu-Gi-Oh! a hot property anymore, but I guess KidsCo thinks this is a solid investment. Don't worry about 4Kids losing a major license though, because they've licensed Beastkeeper, an Italian-made anime-influenced cartoon. Totally the same thing.

So uh...is anyone interested in seeing a Yu-Gi-Oh!/Power Rangers crossover?

[Via ANN]

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Bob Muir
Bob MuirContributor   gamer profile

Bob has been hanging around ModernMethod for years and and somehow writes almost everywhere, including Destructoid and Flixist. He was once lit on fire, but it's not as cool as you'd think. more + disclosures



Filed under... #4Kids TV #anime #legal mumbo jumbo #licensing



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