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Friday, October 22, 2021

FUNimation exceeds Q1 Expectations
Posted by LadyPSerenity in Industry News July 30, 2009 at 09:18:26 PM

Strong DVD sales and a Dragonball Z videogame are at the root of FUNimation Entertainments first quarter. It's these properties that have made them exceed their expectations. Navarre Corporation, the corporated parent of the anime licensing and distrubtions company, announced it's better than expected financial results for the first three months of the fiscal year ending on June 30, 2009.

Chief Exec. Cary Deacon partly created the results to ""Funimation's stronger than anticipated sales of anime DVDs as well as a US$1.75 million agency fee resulting from a royalty advance paid for the licensing of Dragon Ball videogame rights to Bandai."

In a earnings conference call, Deacon said that FUNimation has about 60 properties. About 20% of those are considered "A" properties. Deacon signeld out Dragon Ball as FUNimation Entertainment's "leading franchise" and also named Afro Samurai, of which he expects the recent Emmy nomination will help future sales. Despite the weak DVD market industrywide, FUNimation sales were considered to be consistent this quarter.

Source: Anime News Network

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