The importance of FUNimation to Navarre's bottom line was underscored by the inclusion in the report of a note about the shifting of the release of Afro Samurai DVD to the next quarter as a possible explanation of why Navarre's sales were down $3.3 million versus the same quarter in the previous year, but the real culprits were declining sales from BCI, whose vintage TV on DVD releases are facing stiff competition in a crowded market and forcing BCI to deal with higher than anticipated returns, and Encore, where sales of non-entertainment brands were down.
But Navarre Has a Losing Quarter
Posted by ICv2 on June 6, 2007 @ 5:00 pm CT
In the Navarre Corporation's earnings report for the quarter ending March 31st, which also marked the end of its fiscal year, Navarre subsidiary FUNimation demonstrated an impressive sales gain of 47.8% over the previous year. Full Metal Alchemist, Dragon Ball Z Season Sets, Trinity Blood and Basilisk were singled out as prime contributors to the strong performance. Certainly the fact that the first re-mastered DBZ Season Set has been the top-selling DVD release of 2007 so far (see 'Video Games Keep DBZ Hot') indicates that FUNimation has had some real successes in recent months.