Report: Media Blasters Legally Dissolved As of April 2011, Company Responds

Operations continue despite evidence that company failed to file tax forms

Beleaguered anime distributor and licensor Media Blasters has had a heck of a time trying to stay afloat in the home video business this year, what with their widely publicized layoffs and continued issues with getting releases out on time with enough stock to satisfy demand.

 

Now comes word through New York State government filings demonstrating that the company has actually been operating outside of the state's tax code, as recent documents uncovered confirm that the company had not filed its 2011 tax forms with the state in order to continue doing business "on the level," as some would say. While this does not explicitly mean that the company is shut down, it does paint an increasingly bleak picture of the company's current state, as recently revised listings for yet to be released titles show even more delays for titles that were slated for last and this month and can be found below:

 

June and September 2012 Delays from original April and May solicitations courtesy of RightStuf: 

 

Queen’s Blade 2: The Evil Eye DVD Complete Series (Hyb) - now June 5, 2012
Fushigi Yugi Season 1 DVD Collection (Hyb) - now June 12, 2012
Bakuman Blu-ray Part 1 (Hyb) - now June 26, 2012 Kite
Blu-ray (Hyb) - now September 11, 2012
Kanokon: The Girl Who Cried Fox TV + OVA DVD Collection (Hyb) - now September 11, 2012
Last Breath Blu-ray (D) LiveAction - now September 11, 2012
Psychotica Blu-ray (D) LiveAction - now September 25, 2012
Lady Ninja Kasumi DVD Collection 1 (S) LiveAction (Movies 1-3) - now September 25, 2012
Gamera the Brave Blu-ray (Hyb) LiveAction - now September 25, 2012

 

Were I a betting man, I'd give Media Blasters another three months before the state rolls through and forces a shut down, as the lack of properly filed tax paperwork means that Media Blasters cannot continue to operate in the State of New York and is legally dissolved in the eyes of the state.

 

For its part, Media Blasters has responded to the initial ANN report with its own statement, blaming the organization for not being given the chance to respond to the claims:

 

For all concerned about the ANN story, MB is not out of business or closing down its operation. What happen was the following. MB filed extensions for 2009, 10 and 11. Without notice or us knowing it could happen, the Secretary of State took action. We have now finished our 2009, 2010 and filing and will get the action reversed. We already spoke with them. The company continues to run, continues to release titles. It seems during the last TAF, our competitors decided to spread this paper around which has made life difficult. 

 

I now turn it to you, the reader. What do you think of this situation?

 

via ANN

 


Humberto Saabedra is the Editor-in-Chief of AnimeNews.bizPhoneNews.com and an occasional columnist for Ani.me. He can also be found musing on his favorite 2D girls at @AnimeNewsdotbiz.

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