Central Park Media faces liquidation!

Another anime giant falls. This time, it is Central Park Media, the company that brought us many succesful anime series in the 90´s has just filed for bankruptcy!

The Crain’s New York Business news source reports that the anime and manga distributor Central Park Media (CPM) filed for Chapter 7 bankruptcy and has closed its doors as of Monday. According to Crain’s, the company owes US$1.2 million to creditors. The company has not been active in releasing new titles in the past 12 months.

CPM and its Software Sculptors, U.S. Manga Corps, and Anime 18 labels were once the North American homes of such prominent works as Grave of the Fireflies, Utena, Mobile Police Patlabor, Record of Lodoss War, Slayers, Project A-Ko, Dominion Tank Police, Demon City Shinjuku, Urotsukidoji, and La Blue Girl. It later branched out into the book publishing field by releasing Comic Party, Record of Lodoss War, Slayers, and other titles under the CPM Manga imprint. It sponsored the Big Apple Anime Fest earlier this decade.

Companies that file for bankruptcy under Chapter 7 of the Bankruptcy Code in the United States will face liquidation — unlike Chapter 11 and 13 bankruptcies which still allow companies to restructure and continue to operate.

Source: ANN

It is a pity that this company, the one that brought us many great anime titles, is going to dissapear. Good memories. Probably another company will pick up the rights to distribute the CPM series.

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