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Anime News

ADV Layoffs Confirmed
Date: 3/16/2005
As many as 40 people laid off, mostly from manga division.


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Publisher's Weekly has confirmed news about layoffs at AD Vision. According to Publishers Weekly, as many as 40 people have been laid off, with "perhaps" 25 from the manga division. ADV declined to give details, but confirmed that the layoffs happened.

With the anime and manga markets reaching the saturation point, ADV has adjusted its release schedule to slow down the number of products they put to market. In 2005, ADV will release about 50 manga titles, down from 80 in 2004, and they will focus on titles for which they own both the anime and the manga license.
Source: Anime News Network