IG Port Announces Extraordinary Losses Due to a Bad Debt of an Anime Movie

by dtshyk
Jun 18, 2010 2:36 AM | 22 Comments

IG Port, the parent company of Production I.G and XEBEC, announced extraordinary losses of 201 million yen ($2.22 million). 72.6% of the losses has arisen from the allowances for bad debt: IG Port failed to collect the payment from a producer of an anime movie, which XEBEC is partly involved in. The IR report didn't name the title of the movie but XEBEC is currently involved in Break Blade and Soukyuu no Fafner: Dead Aggressor ~Heaven and Earth~ movie. it's likely to be Uchuu Senkan Yamato: Fukkatsu-hen.

The IR statement also revealed that
1. One of IG's anime was not successful and it caused 23 million yen of impairment loss.
2. A TV series related to the anime movie above was canceled and IG Port suffered 72 million yen of operating loss.

Source: IR from IG Port (PDF file)

20 of 22 Comments Recent Comments

serves them right for makeing some of the worst anime i have ever had to seen

Jun 21, 2010 5:07 PM by removed-user

Please do'nt die I.g! I love you so! I hope this doesn't effect the airing of Basara 2. =/

Jun 21, 2010 6:55 AM by dude3991

flygon250 said:

brono11 said:
maybe the tv show was kemono no souja erin? i mean as much as i like that show i can't see it being very popular. and since it was a 50 episode show, if they didn't profit from it the losses could be huuuuuuge

The anime in question is a movie with a cancelled TV series, therefore it is not Erin.

Jun 19, 2010 6:25 PM by brono11

The anime in question is a movie with a cancelled TV series, therefore it is not Erin.

Hottarake no Shima is another potential candidate for the losses as most of last year's movie awards were dominated by Madhouse with Summer Wars, Redline, Mai Mai Miracle and Yona Yona Penguin, even if Summer Wars was the only major commercial success of the 4.

Sales-wise, it would have been beaten by movie instalments of various popular anime franchises including Strong World, You Can (Not) Advance, Nanoha The MOVIE 1st, Unlimited Blade Works and the Disappearance of Haruhi.

Jun 19, 2010 6:48 AM by Rosa_FOEtida

Well it's probably not that popular, but there were so many recap episodes they probably didn't invest that much into it to justify the losses they're having now...

Jun 19, 2010 1:54 AM by CasualTroll

Oh SNAP i like fafner i hope they pull thru

Jun 19, 2010 1:15 AM by Corpse69

maybe the tv show was kemono no souja erin? i mean as much as i like that show i can't see it being very popular. and since it was a 50 episode show, if they didn't profit from it the losses could be huuuuuuge

Jun 18, 2010 8:53 PM by brono11

NOOOOOOOOOOO!!!!1!!

Jun 18, 2010 7:50 PM by dinho

flygon250 said:
I just that this doesn't see them go under. I don't like all of their work, but they add vareity where a good deal of productions studios seem to focus on moe, ecchi and fujoshi-friendly anime lately.

Variety is good.
They're one of my favorite studios along with Manglobe.

Hearing about this makes me a bit sad but hopefully, like what others have said, they'll pull through somehow.

Jun 18, 2010 3:42 PM by Bunny-kins

flygon250 said:

TreF said:
I'm guessing the movie in question is Miyamoto Musashi. Oh well, I'm sure IG will be fine.

Maybe it was Bungaku Shoujo? They did seem to be pushing it quite hard, even releasing an OVA ahead of the movie and those extra prequel OVAs they announced for it could have been to compensate for the cancelled TV series.

I don't know anything about either series, mind you, so I could be wrong.

I don't think so. Bungaku Shoujo is one of the most popular light novels in Japan, so I doubt the anime would be a total failure (I mean, even if it sucks, the fans would propably watch it).

I think it's the Musashi movie too.

Jun 18, 2010 2:06 PM by viral_hun

Don't die Production IG

Jun 18, 2010 1:25 PM by ESSWHY

Break Blade and Fafner? LOL no wonder.... ;D

Jun 18, 2010 12:48 PM by BitchMaster

seishi-sama said:
XEBEC shows sell better than PIG shows in general. And I think the overall balance between production costs and selling figures will be even more in XEBEC favor. So, from the commercial point of view, it would be smarter to offload PIG itself (or close XEBEC and switch PIG to produce the shows which would be normally produced by XEBEC).

I think this trend has evened out over this past year? For instance, Eden of the East and Kimi ni Todoke have sold as well as, say, Ladies versus Butlers or To Love-Ru, which are some of the most successful titles XEBEC has put out. PIG has probably learned from bad sales such as Ghost Hound's or Real Drive's, and went with safer bets this year.

If I were to guess, I'd put the blame on Miyamoto Musashi too. Except I don't see XEBEC listed as having a part in its production, which doesn't coincide with the article.

Jun 18, 2010 7:46 AM by Katapan

owh, this is so sad

Jun 18, 2010 5:49 AM by villains

Jun 18, 2010 5:31 AM by Mr_Gutts

TreF said:
I'm guessing the movie in question is Miyamoto Musashi. Oh well, I'm sure IG will be fine.

Jun 18, 2010 5:21 AM by Rosa_FOEtida

aw i hope Production IG will be alright

Jun 18, 2010 3:44 AM by deg

Dunkjoe said:
Whoa.... then are they gonna pull thru?

We hope so. Losing Production IG would be an immense loss to all anime fans in general.

Jun 18, 2010 3:38 AM by teanut

Whoa.... then are they gonna pull thru?

Jun 18, 2010 3:28 AM by Dunkjoe

XEBEC shows sell better than PIG shows in general. And I think the overall balance between production costs and selling figures will be even more in XEBEC favor. So, from the commercial point of view, it would be smarter to offload PIG itself (or close XEBEC and switch PIG to produce the shows which would be normally produced by XEBEC).

Jun 18, 2010 3:18 AM by seishi-sama

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