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NEW YORK—4Kids Entertainment saw its losses increase in 2009’s fourth quarter and full year, hurt by charges related to its Chaotic property, but believes cost cuts and new properties can help it rebuild in 2010.
Net revenue for the three months ended Dec. 31, 2009, totaled $17.0 million, up from $12.8 million in the same period in 2008. Fourth quarter revenue included $9.8 million that the company received as part of its agreement to terminate its right to serve as the merchandise licensing agent for the Teenage Mutant Ninja Turtles property (TMNT).
It's no wonder 4kids has been losing so much money. They've been showing the same properties for the last decade, the new properties they get suck beyond reason and the properties that aren't bad-to-good get butchered. I get that the US has certain standards in regards to content for children's programming, but a lot of the edits they make are completely unnecessary. Or they get properties that really shouldn't be for kids anyway *coughYugiOhcough* But things like Chaotic and Go Go Riki are just plain *bad*-- nonexistent plots, horrible animation and the same pool of 17 actors (I'm looking at you, Dan Green and Eric Stuart.)
Huntik is *okay*, but everything else is terrible. I would not be sorry at all if 4Kids went out of business.