Sep 7, 2012
According to sources, 4Kids Entertainment is in the process of closing its London office. The company has yet to make a formal statement. 4Kids has seen several upheavals over the past few years, including reports of financial difficulties, the departure of chairman and CEO Al Kahn, and entering into Chapter 11 bankruptcy following a lawsuit concerning the Yu-Gi-Oh property. The company has also discontinued operations in four of its divisions: 4Kids Ad Sales, 4Kids Production, 4Kids Entertainment Music, and 4Kids Entertainment Home Video.