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Thread: ADV Shuts down, Transfers Assets to other Companies

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    Banned aceman67 has become well known aceman67 has become well known aceman67 has become well known aceman67's Avatar
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    ADV Shuts down, Transfers Assets to other Companies

    Wow. This is just huge news. ADV is (now was) the biggest English producer/distributor of anime in North America and other English Markets. If it wasn't for them, anime would most likely not be as big as it is right now.

    They're responsable for the english versions of Popular anime such as:
    • Neon Genesis Evangelion
    • Chobits
    • Full Metal Panic
    • Elfen Lied
    • Nadia: The Secret of Blue Water
    • RahXephon
    • Noir
    • Azumanga Daioh

    ADV Films Shuts Down, Parent Transfers Assets to Other Companies (Update 4) - posted on 2009-09-01 13:44 EDT
    AEsir Holdings, SXION 23, Valkyrie Media Partners, Seraphim Studios acquire assets

    A.D. Vision, the parent company of ADV Films, has announced that it is shutting down after transfering its assets to several other companies that will continue its operations. AEsir Holdings has acquired selected programming from ADV's film library along with other intellectual property. The SXION 23 (Section23 Films) home video distribution company will assume account servicing and distribution operations for AEsir's assets. Valkyrie Media Partners has acquired 100% of ADV's Anime Network television unit, while Seraphim Studios has acquired ADV's Amusement Park Media production unit.

    Former ADV Films staffer Chris Oarr has notified ANN that several former staffers have been hired by SXION 23 and the other companies.

    Update: All of the new companies are officially based in Houston, the home of A.D. Vision. SXION 23's business filing was dated on May 20, while AEsir Holdings, Valkyrie Media Partners, and Seraphim Studios were filed eight days later on May 28. SXION 23, Valkyrie Media Partners, and Seraphim Studios share the same address in western Houston, 8 miles (13 kilometers) from A.D. Vision. Sentai Filmworks, another business entity for which A.D. Vision and Amusement Park Media handled distribution and production, is also located in western Houston.

    Update 2: SXION 23, Valkyrie Media Partners, and Seraphim Studio are filed under Griffin D. Vance IV's name. Griffin Vance was A.D. Vision's former Senior Vice-President of Business and Legal Affairs, but he now operates his own law practice. Vance's law firm shares the same postal address as SXION 23, Valkyrie Media Partners, and Seraphim Studio.

    Update 3: The Anime Network confirms that, since it "has always been a separate entity from ADV," it will continue to operate.

    Update 4: According to Anime Corner Store owner Robert Brown, former ADV Films Senior Vice President of Sales and Marketing Mike Bailiff will now head up Sales and Marketing at SXION 23 (Section 23). Brown reports that SXION 23 has all of ADV's former licenses and most of its staff, but not ADV's former owner John Ledford. SXION 23 will continue to distribute the current orders and future pre-orders that ADV used to fulfill, without changing their schedules.
    I'm really interested how this pans out on the industry as a whole.

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    Re: ADV Shuts down, Transfers Assets to other Companies

    Guess you better buy those anime while they last. I was looking for an excuse to buy Azumanga Daioh

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    Re: ADV Shuts down, Transfers Assets to other Companies

    Oh wow!
    Well, from what I read in aceman67's post... They will still distribute and operate, and things will be running on schedule as far as new products and all that... They are just distributing responsibility and personnel about.

    I too want to see what impact this will have on the anime industry... Would it affect how anime is brought to the U.S. at all?

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    Grouchy Old Anime Otaku LenMiyata has become well known LenMiyata has become well known LenMiyata has become well known LenMiyata's Avatar
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    Re: ADV Shuts down, Transfers Assets to other Companies

    Grumble Grumble Grumble

    Anime News Network has a very good writeup explaining the situation...
    By now, everyone has read the news that ADV Films is "no longer." Unsurprisingly, the comment in various internet forums, including ANN's own, make it obvious that many people haven't read between the lines. Unfortunately ANN's editorial policy forbids us from pointing out the obvious conclusions in the news article itself (no editorializing is permitted in our news articles). Fortunately there are other vehicles with which we can address issues like these. Often times the ANN staff pop in to our forums to offer our insight on big news, but today I've decided to address the ADV story on the front page.
    What's Happening with ADV Films - Anime News Network:

    And the new spawned off entities rising from the ashes of ADV Films are off to a running start...
    American video distributor Section23 Films has announced that it will release Sentai Filmworks' five new anime acquisitions — Blue Drop, Polyphonica, Special A, Tears to Tiara, and the second season of You're Under Arrest — this November.
    Sentai Filmworks Adds Blue Drop, Polyphonica, Special A (Updated) - Anime News Network:
    FAVOURITE THREADS EXPLAIN why, or risk an infraction.
    Rantings of a Grouchy Old Anime Otaku

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    Re: ADV Shuts down, Transfers Assets to other Companies

    ohhh well that explains it in a nutshell... Thanks for the info and links, Len.

    That's what I figured was going on... They can't just stop distributing and releasing the product. That would sort of defeat the purpose of transfering everything to seperate entities.

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