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Old 03-29-2011, 08:41 PM   #1
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4Kids loses Yu Gi Oh, sued for millions of dollars

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Yu-Gi-Oh! US Deal Terminated

4Kids sued for millions

By Chris Beveridge March 29, 2011
Source: The Hollywood Reporter


Yu-Gi-Oh!
Warner Bros.
Anime fans have long had disdain for 4Kids Entertainment and its head honcho, but they're not the only ones as the Hollywood Reporter has word that the deal the Japanese have had with the company for Yu-Gi-Oh! has been terminated and a multi-million dollar lawsuit has been opened against them.
"[T]he Japanese animation studio that first created the anime hits is attacking, claiming that 4Kids owes it millions of dollars for making secret agreements with TV networks and home video distributors as well as making improper royalty deductions, including for the cost of the actual dubbing. As the result of alleged contractual breaches, the Japanese companies behind the show reveal they have just terminated their licensing agreements with 4Kids. They now want past money owed too."
TV Tokyo and Nihon Ad Systems have failed their suit in New York's federal court system. The piece provides some interesting examples and highlight's FUNimation's apparent role in it as well as indicating that Cartoon Network and others were caught up in the questionable deals that 4Kids Entertainment made.
For example, 4Kids is said to have made an agreement with Funimation Productions, giving it the right to exploit the YGO series on home video. "4Kids conspired with Funimation to fraudulently hide from Plaintiffs more than 45% of the total income Funimation paid to 4Kids from the sale of the home videos," the complaint states.
Allegedly, 4Kids not only licensed YGO, but also several other Japanese animation series it didn't own. Under the terms of this supposedly secret deal, which allegedly included a strict confidentiality clause, 4Kids didn't have to do much besides perform certain marketing services. It was Funimation's job to produce and distribute the series, and for this right, Funimation paid a $1.3 million advance and gave over nearly $3 million in revenue, which was allegedly then hidden from the plaintiffs.

Attempts at getting things ironed out between the Japanese licensers and 4Kids did not go well when 4Kids abruptly terminated a meeting with them which had TV Tokyo and Nihon Ad Systems canceling the agreements that were in place and filing a $4+ million dollar lawsuit for breach of contract and damages.
Source: http://www.mania.com/yugioh-deal-ter...le_129244.html

Does this mean the possible end of 4Kids? What news does this bring for Yu-Gi-Oh and anime fans alike?

Discuss
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Old 03-29-2011, 08:55 PM   #2
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4Kids sucks nowadays anyways. To hell with it I say.
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Old 03-29-2011, 09:22 PM   #3
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well i have to say that yu-gi-oh was a nice serie until.....well you know all what happened. My point is that it was time to let go.
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Old 03-29-2011, 09:24 PM   #4
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But the lawsuit isn't about the series in general, but the companies treatment of the it(i.e. secretly getting money from it behind Toei's back)
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Old 03-29-2011, 09:34 PM   #5
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Quote:
Originally Posted by Megas75 View Post
But the lawsuit isn't about the series in general, but the companies treatment of the it(i.e. secretly getting money from it behind Toei's back)
doesnt matter.
they got sewed.
they lost
and they lost something it was better to be lost for the whole humanity
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Old 03-29-2011, 09:44 PM   #6
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If it's true they'll settle out of court and that's the last you'll hear of it. It's unlikely that 4Kids will be going anywhere any time soon.
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Old 03-29-2011, 10:17 PM   #7
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Quote:
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If it's true they'll settle out of court and that's the last you'll hear of it. It's unlikely that 4Kids will be going anywhere any time soon.
it hasnt gone anywhere for the last few years soo it wont change a bit.
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Old 03-29-2011, 10:40 PM   #8
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4Kids sucks nowadays anyways. To hell with it I say.
This.
The original Yu-Gi-Oh and the first couple seasons of Pokemon were pretty awesome, but everything after that failed in my eyes.
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Old 03-29-2011, 11:50 PM   #9
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Whatever happens happens. 4Kids was getting old anyways :/
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Old 03-30-2011, 02:38 AM   #10
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Tl;dr.
4kids killed yugioh years ago with a mallet. They were just spitting in its grave until now so I don't think anyone would mind.
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