A.D. Vision will split its assets into four newly created companies. Each company will take over a certain area of A.D. Vision. Film library assets and other intellectual properties were sold to AEsir Holdings, account servicing and distribution operations were sold to SXION 23 (also called Section 23), Anime Network to Valkyrie Media Partners; and Amusement Park Media (ADV’s production unit) to Seraphim Studios. All the new companies link back to the same person Griffin D. Vance IV, A.D. Vision's former Senior Vice-President of Business and Legal Affairs.
A. D. Vision (parent company of ADV Films) is officially closing their doors and working on transferring their assets over to other companies such as SXION 23, Valkyrie Media Partners, and Seraphim Studio.
ANN - ADV Films Shuts Down, Parent Transfers Assets to Other Companies
Story by scsa20
Link to a discussion about this on MAL