09-06-2009, 11:32 PM
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#1 (permalink)
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Join Date: Aug 2005
Posts: 1,930
Points: 1,157.52 Bank: 28,677,826.07 Total Points: 28,678,983.59 | ADV Film's shut and selling off assets. http://www.animenewsnetwork.com/news...ther-companies ADV Films Quote:
A.D. VISION, INC. ("ADV" or the "Company") announced today that June 1, 2009, the Company concluded a series of transactions that are expected to result in seamless delivery of home video products and television programming to customers.
Through an asset purchase agreement, AEsir Holdings, LLC ("Aesir") acquired a subordinated interest in selected programming from ADV's film library together with other intellectual property subject to all liens and security interests of the Company's senior secured lender. The transaction requires Aesir to assume specific obligations and scheduled liabilities of the Company under legacy license agreements associated with the acquired programming...
| http://en.wikipedia.org/wiki/Adv_fil...ision_and_sale Quote: |
On September 1, 2009, ADV announced that it was selling off its assets, including intellectual properties, its distribution arm and the Anime Network to five companies: Sentai Filmworks, Seraphim Studios, AEsir Holdings, LLC, Valkyrie Media Partners, LLC and SXION 23, LLC.[15] The impact of this sale on the company's plans to license and release new titles, as well as the ADV brand, is still unknown, but Anime News Network has reported that Seraphim Studios, Valkyrie Media Partners and SXION 23 are all corporations registered by Griffin D. Vance IV, who was ADV's senior vice president of business and legal affairs.
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