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Konami to Get 4Kids' Yu-Gi-Oh! Assets Under Proposed Deal

On Friday, North American anime distributor 4Kids filed a notice in its bankruptcy case that outlines who will take over its contracts and obligations. Under a Konami Corporation) would divide the assets and obligations of 4Kids.

The proposed agreement has not been finalized, since Judge Shelley C. Chapman still has to approve the proposed agreement after a June 20 hearing.

If approved, the "Proposed Transaction" would assign several 4Kids contracts to Saban's Kidsco Media Ventures, including the following:

• known as Toonzai) agreement
• Four Cubix agreements with Cinepix, East Japan Marketing & Communications, CSC Media Group
• Funimation Productions
• TMS Entertainment

If approved, the proposed transaction would also assign the following contracts and others to Konami's 4K Acquisition Corp.:

• Warner Bros.
• 2003 Yu-Gi-Oh! movie deal memo with Shueisha
• Yu-Gi-Oh! 3D: Bonds Beyond Time movie deal memo with TV Tokyo, Nhon Ad Systems
• TV Tokyo's agreement for Yu-Gi-Oh! seasons 1-3
• Nihon Ad Systems's agreement for Yu-Gi-Oh!
• Yu-Gi-Oh! music and soundtrack agreements with Cherry Lane, SKG Music, RCA Music Group
• Yu-Gi-Oh! merchandise license agreements with 2Feet, A&A Global Industries, Bentex Group/Extreme Concepts, Boss Creations International, Coveroo, Konami, and others
• Yu-Gi-Oh! foreign broadcast licenses to YTV, and others
• The lease on 4Kids Entertainment's 23rd/24th Street offices in New York City

The formal bankruptcy consider an agreement that would split 4Kids' assets between them.

Konami is the Japanese licensor and distributor of the Yu-Gi-Oh! card game, while Saban once produced Fox's Saturday morning programming until 2008.)

Thanks to ravegrl for the news tip.