Creative failures

With the looming demise of ADV Films in Houston I am reminded of the crash and burn of VALIANT Comics. In the 15 years since its inception, ADV Films had become the #1 producer-distributor of Japanese animation ("anime") outside of Japan.

What happened? Was it the young demographic being hit by the slowing economy? Was it the pirating of ADV properties by their tech savvy audience and resulting low sales? Was it a loss of patience by their investors? Was it bad business decisions?

Since November, the company has been existing mainly as a discount outlet for its remaining stock. Some titles are still being advertised for release in March.