Anime studio Manglobe will be shutting their doors as they file for bankruptcy. It has been reported that Manglobe was 350 million yen ($2.9 million USD) in debt. Manglobe reportedly only had 10 million yen ($83,326 USD) in the bank. Rumors of trouble were floating around when they were not paying their employees.
© Shinchosha / Manglobe via Tumblr
The studio was founded in 2002 by Shinichirō Kobayashi (Cowboy Bebop) and Takashi Kochiyama. Some of their notable series are Samurai Champloo, Ergo Proxy, Michiko to Hatchin, The World God Only Knows, Hayate the Combat Butler, and Gangsta.
Manglobe was working on Genocidal Organ, but no word has been revealed if the first of three movies was finished before the bankruptcy.
It is the sad reality that the current anime industry is living in. The current budgets that studios have to work with is depressingly small (only about $2 million to $4 million USD), and Japan’s current economic state hasn’t helped much. Manglobe, also sadly, ranked towards the bottom in terms of average sales compared to other anime studios.
Source: Mantan Web