Reversal of fortune
Kind of surprised no one else updated this, but over the course of this month, Geneon's fate had unwound.
On September 11, ANN announced that Geneon had let go most of its sales and marketing staff, in preparation for the ADV marketing, sales, and distribution alliance (see Spider-kun's post).
But on September 20, it was reported that the ADV deal was kaput. And the other shoe dropped as a result on September 26, when Geneon announced that Friday, September 28 at 5pm (since passed) was the final date for retailers to place orders for product, blaming the lack of a sales staff from the failed alliance, among other financial issues (a news item on September 27 elaborates on the issues involved). Orders by retailers could only be placed for product with street release dates prior to November 6. So it's a pretty straightforward conclusion that retailer stock will begin to dwindle, and the titles will go out of print rather soon.
On September 11, ANN announced that Geneon had let go most of its sales and marketing staff, in preparation for the ADV marketing, sales, and distribution alliance (see Spider-kun's post).
But on September 20, it was reported that the ADV deal was kaput. And the other shoe dropped as a result on September 26, when Geneon announced that Friday, September 28 at 5pm (since passed) was the final date for retailers to place orders for product, blaming the lack of a sales staff from the failed alliance, among other financial issues (a news item on September 27 elaborates on the issues involved). Orders by retailers could only be placed for product with street release dates prior to November 6. So it's a pretty straightforward conclusion that retailer stock will begin to dwindle, and the titles will go out of print rather soon.
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posted by weather boy at
1:32 AM
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