Hybridchild said:
Guys you may want to check this out fully before assuming the worse, according on ANN, AoD and Dentsu themselves Geneon is stopping production and marketing to focus on its license portfolio, this has been the plan for months before the ADV deal (in fact it was the reason for the deal) its mearly a change in focus and business practice, they will be sub contracting production, marketing and distribution of their titles to other companies, much like Kadokawa USA handle things.
I'm completely agreeing with Hybridchild on this, the letter to the retailers (found on AoD
here) only tells us what we knew already, that Geneon were shutting their marketing and production departments. This is just the business side of doing it.
To back up something Danime reported earlier, even John Sirabella (head of Media Blasters) has confirmed on the AoD boards that the sub/dub companies he uses are
still working on Geneon titles (which you wouldn't be doing if you knew someone wasn't gonna pay your bill at the end of the contract).
Geneon certainly aren't dead (yet), and I'm certainly not killing them off until I see a press release from Dentsu or Geneon saying they are either liquidating or similar.
The speculation now has to be what licences they are going to choose to hold on to (and who are they going to subcontract them to for production and distribution), and which ones they will sell off to other distro's.
Media Blasters seem to have been dropping big hints that we may be seeing some Geneon titles through them, it's just a waiting game again now to see what unfolds....
p.s. And yes, this is a huge shock and blow to the US anime industry, but it's business and things like this happen. Since the Japanese companies started insisting the western distro's actually started paying their licence bills on time I can imagine everyone's got troubles, it's just the smaller companies who are going to bear the brunt first.
Best we can do as fans is look for the positive in any situation, and continue to support the industry as best we can and buy more DVD's