Funimation To Reduce Anime Releases

Navarre, the parent company of Funimation, released the financial report for the third quarter of fiscal year 2009. The net sales was dropped by 21.1% compared to last year and the net loss was 47.7 million dollars. In order to cut down the cost for acquiring the licenses and the production of the DVDs, they will reduce the number of anime titles handled by Funimation.

Source: Navarre Press Release
Source: Anime!Anime!