Posted November 25 2007 - 08:36 AM
Here is a recent article about BCI:
Navarre Q2 Loss Up as BCI Struggles
Author: ERIK GRUENWEDEL
Posted: November 7, 2007
Ongoing restructuring problems with DVD distributor BCI contributed to Navarre Corp. posting a second quarter loss.
Navarre lost $400,000 during the quarter ended Sept. 30, compared to income of $1.6 million during the same period last year.
Minneapolis-based Navarre properties include publishing subsidiaries Funimation, Encore and BCI.
Navarre said it realized a $6 million comparable-year decline in distribution revenue, following a strategic decision to exit an unprofitable major studio DVD contract with an unnamed retail partner.
“BCI's results were disappointing relative to budget, as we consolidated its operations and work towards defining its niche in the DVD sector,” said Cary Deacon, CEO of Navarre, in a statement.
Deacon said the company would continue to focus efforts to reposition BCI into the Latino and budget categories.
“We continue to work towards getting BCI on track,” he said.
Overall revenues totaled nearly $144 million, compared to nearly $159 million last year.
This is so sad! The Filmation releases in my opinion are still the most impressive dvd releases I have seen! Beautiful packaging,(just check out the packaging and disc art for the Isis set...stunning) low prices(I would have gladly paid double the price for every Filmation title without a second thought) and tons of fantastic extras. I'm hoping the second volume of Bravestarr is still a go, because I just purchased the first one. Just doesn't seem fair. The big studios continue to frustrate potential buyers with their half-ass attempts. Bare bones, long wait(or abandonment) releases of tv season sets. BCI comes along, and they do everything exactly right, and in most cases exceed expectations. It's strange that perfection can result in financial losses. I was hoping BCI would someday get to release the Sid,and Marty Kroft shows that have been untouched, but at any rate, I now own some of the coolest 70's live action shows(Isis, Space academy, Ark 2, Jason of Star Command) and most of the animated Filmation shows on dvd.
NOSFERATU on Blu-Ray. Hopefully, someday.