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Post by Christopher Layne on Nov 14, 2011 15:10:03 GMT -5
Thinking about it more though ... I'd say there's a 50/50 chance Sasuke is cancelled. I don't think Yamamoto-san would have gone public on Facebook with what he did if it wasn't all but certain that Sasuke is dead. It's possible that he jumped the gun I suppose, but I highly doubt that's the case. |
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SuperTiger
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Post by SuperTiger on Nov 14, 2011 15:21:20 GMT -5
If only G4 would answer my questions, I have a ton of ideas for spin-offs. Philip, I got some bad news. G4 barely gives two cents about the fans to begin with. That's been made clear by the constant re-runs of Cops/Cheaters. At the end of the day, they won't bat an eye to any ideas for spin-offs, and there really isn't any options with spin-offs to begin with, since ANW is already a spin-off in it's own right. As for the news, I'm upset, but not surprised. It's been made clear, between the fansite, emails sent from us, etc; That something has been up. I hate this so bad, especially for the under-21s who now will never get a chance in some form to fulfill their dreams of running the course. God what a horrible way to start the workweek. |
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Post by infimum on Nov 14, 2011 15:44:12 GMT -5
We don't know if Japan even has reorganization clauses in their bankruptcy laws It does. Window-dressing going on. TBS is one of the creditors. Sasuke 28? No chance. |
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Post by arsenette on Nov 14, 2011 15:48:58 GMT -5
We don't know if Japan even has reorganization clauses in their bankruptcy laws It does. Window-dressing going on. TBS is one of the creditors. Sasuke 28? No chance. Do we know how they filed? Here in the USA we go by chapters and by the type of chapter they filed we know if they are planning to come back. Some are full liquidation while others are reorganization with intent to pay creditors and come back. Do we know that yet? |
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Post by infimum on Nov 14, 2011 15:55:33 GMT -5
Here in the USA we go by chapters and by the type of chapter they filed we know if they are planning to come back. If you are talking about Ch. 11, it's not. |
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Post by RiderLeangle on Nov 14, 2011 15:56:55 GMT -5
Here in the USA we go by chapters and by the type of chapter they filed we know if they are planning to come back. If you are talking about Ch. 11, it's not. I think she means if there's a system like that that tells the nature of the bankruptcy filing, and if so do we know what kind they filed so we at least have some clue into the possible future of Monster9 |
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Post by arsenette on Nov 14, 2011 16:00:13 GMT -5
Funny.. thought I was clear about that  Guess not  Working on blog now hope to get that up shortly. Something that jumped out at me at the information Ube provided on his blog: Monster 9 was first created in 2005 and in 2008 it's profits reached 31.5 billion yen. That said.. their losses this year was $35 Billion yen.. that's crazy how reversed that is now. They have lost more than they EVER made in one year. |
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Post by yamfriend on Nov 14, 2011 16:06:44 GMT -5
Crap. This sucks so badly, even if we knew it was bound to happen sooner or later. At this point, virtually all of my hopes for Sasuke to continue are gone. It was great while it lasted, but it sure as hell will be missed.  Higuchi came from TBS and broke off to make his own production company (M9) a few years back. Viking stopped production because Higuchi pissed off Fuji TV so that door is closed.. most of the other TV stations stopped working with Higuchi because he's notoriously difficult. The only ones willing to keep going were TBS since Sasuke was still going strong. What might happen to Higuchi now is going to be the big question. He IS M9 since there's very little in the way of staff to begin with. If there's accounting fraud going on as well.. this case could drag on for years.. if that happens M9 will cease to be able to produce anything under the stipulations of the bankruptcy agreement.Does this mean that the DVDs of Sasuke and other M9 shows might not even be released anytime soon (if ever)? |
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Post by Christopher Layne on Nov 14, 2011 16:10:38 GMT -5
I'd be surprised if we ever see them, after this.
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Post by arsenette on Nov 14, 2011 16:26:44 GMT -5
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Post by infimum on Nov 14, 2011 16:35:26 GMT -5
The "liquidate everything including Higuchi's private car" kind |
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Post by arsenette on Nov 14, 2011 16:40:58 GMT -5
The "liquidate everything including Higuchi's private car" kind LOL Though where is this information? At least from the articles posted I haven't seen if they intend to return or they are just liquidating and jumping ship. Google hasn't been kind to most of the Japanese articles so I'm relying on what was told to me so far.  Sucks about TBS being creditors as well.. if they owe THEM a lot of money it's almost certain Sasuke is gone |
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Post by infimum on Nov 14, 2011 16:47:36 GMT -5
Though where is this information? Reorganization has a different name in Japanese law, not differentiated merely by chapter numbers like in the US. If reorganization is what they did, it's customary to mention that in Japanese news articles. But that's not the case. |
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arsenette
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Post by arsenette on Nov 14, 2011 16:49:27 GMT -5
Though where is this information? Reorganization has a different name in Japanese law, not differentiated merely by chapter numbers like in the US. If reorganization is what they did, it's customary to mention that in Japanese news articles. But that's not the case. Ah thanks for the clarification on that. So bankrupt = liquidation in Japan. Got it. That's sad.. I can't even imagine them trying to pay back that kind of money.. Even with US bankruptcy laws where they have to pay back 60% of total debt to creditors.. TBS must be pissed.. |
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Post by thatoneuser on Nov 14, 2011 17:10:17 GMT -5
I am heartbroken beyond words...
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Post by dudesky1000 on Nov 14, 2011 17:12:17 GMT -5
I can't believe it. Here's to Sasuke, our inspirations always, cancelled or not. It's too bad we wont reach 30, but let's be honest, given the horrible ratings of 25 and 26 we were given quite a gift with 27. It was probably a large sum of what put them into such debt. We must thank them for giving us somewhat of a satisfying end. And even if it wasnt satisfying, we've got hours upon hours of Sasuke to look back on. And that never gets old to me. |
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Post by infimum on Nov 14, 2011 17:25:46 GMT -5
Now I am hearing there is a creditor meeting scheduled on March 12th at the Tokyo District Court  |
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Post by arsenette on Nov 14, 2011 18:37:13 GMT -5
Now I am hearing there is a creditor meeting scheduled on March 12th at the Tokyo District Court That's actually fast.. LOL Here in the USA it's just as slow.. So we will be in limbo until March at the earliest.. btw when you find stuff can you please post them here as well? We'd like to keep track of it as well. |
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Post by speedysco on Nov 14, 2011 19:41:42 GMT -5
here is something i pulled off google:
Japan has a fairly advanced system of bankruptcy laws that offer solvent companies the opportunity to continue to operate during bankruptcy proceedings. The most commonly used are the Corporate Reorganization Code, Civil Reconstruction Law, and Bankruptcy Code.
Petition
Any debtor company can petition for bankruptcy under any of the available bankruptcy laws. Creditors can also petition to place a debtor company in liquidation under the Bankruptcy Code.
Solvency
Once a petition is filed under either the Corporate Reorganization Code or Civil Reconstruction Law, the bankruptcy court will determine whether or not a company is qualified for reorganization; that is, whether or not is sufficiently solvent to adequately repay its creditors. If so, the company will be permitted to continue operating.
Adminstrators
Under the Corporate Reorganization Code, the court must appoint a team of administrators to take over management of the company during bankruptcy proceedings. Under the Civil Reconstruction Law, however, management of the company can be left to the company's leadership team, though the court may decide to appoint a supervisor to oversee the proceedings.
Reorganization
Under the Corporate Reorganization Code, the primary administrator is charged with developing and executing a reorganization plan which does not have to be approved by the company's creditors. Creditors may veto by majority vote the reconstruction plan under the Civil Reconstruction Law, however.
Liquidation
If a reorganization plan proves to be unworkable, the court may place the company in liquidation under the Bankruptcy Law. An administrator is appointed to determine the company's debts and liquefying the company's assets in order to distribute them among the creditors.
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Post by lostinube on Nov 14, 2011 22:06:30 GMT -5
As infimum has pointed out, the articles all point to liquidation (hasan or 破産). Specifically 自己破産 which I believe is voluntary liquidation. A fuller explanation that the ehow article is sourced from (that the above is C&Ped from): www.jurists.co.jp/en/topics/others_4007.htmlThe relevant section is IV. Aside from their main office and the Shibuya theater, I don't think M9 has much in the way of physical assets. Also, intellectual property and bankruptcy doesn't seem to have a clear set of rules to follow so who knows what will happen in the future. |
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Guess not 
Working on blog now hope to get that up shortly. Something that jumped out at me at the information Ube provided on his blog:
