Anime DVD Publisher ADV Closes Doors!

Video Business Magazine reports that one of the major anime DVD publishers, ADV, is closing their doors. Apparently the economy has been bad for more than just Twin Moons Anime!

According to the article, ADV has been dissolved and different parts of the company have been acquired by various other companies. The majority of the film libraries has been purchased by Aesir Holdings, who setup a new company called Sxion 23 LLC (aka Section23Films) to distribute the titles.

This is quite a sad situation, especially when Geneon and Central Park Media are gone as well since they filed for bankruptcy a while ago. I never cared much for Geneon because their prices were too high and they had a horrible discount structure for retailers, but ADV had a lot of great titles and a fairly decent pricing structure. We’ll just have to wait and see what Sxion 23 does with the ADV titles.