Co-founder Hideaki Anno’s current studio Khara acquires Gainax’s trademark
Anime studio Gainax announced on its website on Friday that it filed for bankruptcy in the Tokyo District Court on May 29. The bankruptcy proceedings are happening just short of the studio’s 40th anniversary in December.
Reading through the article, it seems like this case can be chalked up to (likely) criminal mismanagement. I mean…giving huge unsecured loans to company executives while at the same time not paying the royalties you owe to other production committee members. It just sounds like embezzlement with extra steps.