4Kids Entertainment released its Q2 financials this week, and reported that net income was $2 million, down from $3.6 million in the same period a year ago. According to CEO Al Kahn, 'Licensing revenues were lower in the 2nd quarter of 2004 due to reduced shipments of Yu-Gi-Oh! cards in the second quarter as compared to particularly strong shipments of Yu-Gi-Oh! cards in the second quarter of 2003.'
Kahn was bullish on Yu-Gi-Oh! for the second half of 04, however, due to the theatrical release of the Yu-Gi-Oh! movie this month on 2500 screens.
Kahn also touted Pokemon's performance. 'Pokemon continues its resurgence in merchandise licensing and we expect it to have an increased presence at retail for the 2004 holiday season,' he said.