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Friday, January 13, 2012

Interesting News Piece Of The Day

And by interesting, I mean holy fuck, what is going on panic-inducing kind of news.

ANN: Funimation Sues A.D. Vision, Sentai, Others for US$8 Million.
On November 4, 2011, FUNimation Entertainment filed a lawsuit in the district court of Harris County, Texas against John Ledford, as well as companies A.D. VisionAEsir Holdings, Sxion 23 (A.K.A. Section23 Films), Valkyrie Media Partners, Seraphim Studios, Sentai Filmworks, Sentai Holdings, and Unio Mystica Holdings (A.K.A. Switchblade Pictures) for breach of contract and other claims. Ledford is the CEO and co-founder of A.D. Vision. In the lawsuit, Funimation claims that the defendants owe Funimation "an amount to be proven at trial but currently estimated" to be approximately US$8 million plus interest, costs, and attorneys' fees.
This cannot end well. But then I turn into a regular Chicken Little anytime it looks like something bad is about to happen, so maybe there's hope that things like this don't start stacking up and up until the entire industry collapses. Oh, dear.