Breaking News: ADV Verge on Close? FUN to Pickup Titles

R1 anime giant and Neon Geesis Evangelion staple, ADV entertainment, after appearing to have several distribution troubles with many of its online titles among other issues reported earlier this year, will cut the license rights to over thirty titles which FUNimation has agreed to pick up as well as several Geneon titles acquired within the year after that fan favorite licensor ended distribution plans last year.

Popular uncompleted titles When they Cry, Law of Ueki, and the Rozen Maiden series will be picked up by FUN among other titles including many of ADV's.

ADV had a downsizing early this year and has apparently had to auction off a number of its business assets as of the time of this writing.

FUN has said in an AnimeExpo press release that it will be distributing this monster license-fest of anime through download-to-own websites and its cable TV channel.

And in the latest of news, ADV has announced it will partner with another unnamed business, and will not be releasing any new manga titles. ADV has removed the lost titles from their website anime page.

The question still remains, what is left for unlicensed titles this year. Will any of the good, unexported series from Japan stand a chance with FUNimation controlling 2/3 of all titles now in play? And how remaining orders will be processed.

Visit comics news site Newsarama for more info. Stay tuned to AP for more on this confusing and baffling breaking news.

See also: Geneon Long Gone & Anime Restructuring, Schmanime Schmestructuring Parts I and II.