4Kids Entertainment has lost the Yu-Gi-Oh animation franchise and is being sued by the series’ creators for alleged secret deals to defraud them of profits to the tune of over $4 million. ( source ) 4Kids reported 2010 annual results on March 31: revenues were $14.5 million compared to $34.2 million in 2009; net losses were $27.2 million compared to $42.1 million in 2009. If the lawsuit is not successfully defended, they…
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Bankruptcies and Lawsuits Roundup
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