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^ This.
Not to say that I'm glad that ADV is breaking up, but I did expect this to happen, and it was only a miracle that ADV survived as long as it did. ADV was "bad management" in every sense of the word.
There's nothing wrong with licensing obscure shows. Good, small shows can freshen up the market, and even build up a cult following. There is in fact a problem with licensing too many obscure shows. ADV licensed huge chunks of anime, regardless of quality and marketability. Sure, some were good, but most were C-list shows that nobody wanted, even in Japan. Instead of building a moderate, stable list of properties like Viz and Funimation, ADV picked up everything under the sun with the justification of "HEY WE'VE GOT EVA, SO WE CAN DO WHATEVER".
Not only that, but ADV stretched itself way too thin. The manga line, the toys, the channel, the VOD service... ADV tried to be everywhere at once and failed, simply because there wasn't enough demand, or enough good titles backing themselves up (notice a trend?). These things can work, but only if you have strong properties behind them, again like Viz and Funimation.
ADV became too big too fast. Once the anime bubble burst, ADV had to come back to the reality that they were a small dubbing and licensing company, not a large media corporation. Dividing ADV up into small, manageable chunks will be the company's (or rather, whatever's left of it) best chance of survival.
Not to say that I'm glad that ADV is breaking up, but I did expect this to happen, and it was only a miracle that ADV survived as long as it did. ADV was "bad management" in every sense of the word.
There's nothing wrong with licensing obscure shows. Good, small shows can freshen up the market, and even build up a cult following. There is in fact a problem with licensing too many obscure shows. ADV licensed huge chunks of anime, regardless of quality and marketability. Sure, some were good, but most were C-list shows that nobody wanted, even in Japan. Instead of building a moderate, stable list of properties like Viz and Funimation, ADV picked up everything under the sun with the justification of "HEY WE'VE GOT EVA, SO WE CAN DO WHATEVER".
Not only that, but ADV stretched itself way too thin. The manga line, the toys, the channel, the VOD service... ADV tried to be everywhere at once and failed, simply because there wasn't enough demand, or enough good titles backing themselves up (notice a trend?). These things can work, but only if you have strong properties behind them, again like Viz and Funimation.
ADV became too big too fast. Once the anime bubble burst, ADV had to come back to the reality that they were a small dubbing and licensing company, not a large media corporation. Dividing ADV up into small, manageable chunks will be the company's (or rather, whatever's left of it) best chance of survival.