A key piece of Manga/Anime history slides into the sunset, as ICv2 reports that Central Park Media has filed Chapter 7. Many will remember CPM as one of the trailblazers of the anime (Patlabor, Uetna, Grave of the Fireflies) and manga fields, with manga titles like Record of Lodoss War and Slayers, as well as being an early adapter of the boys love genre with the Be Beautiful imprint. Things began to go bad in one of the early manga slumps, however, and after the manga/anime supporting retailer Musicland went bankrupt in 2006. There was talk of a comeback, but it never really made much of an impact and now the company has filed the bankruptcy of no return. (Chapter 11 and 13 bankruptcies allow for reorganization, but Chapter 7 means the company is completely disbanded.)
According to ICv2, CPM reports assets of $126,282 vs. secured liabilities of $908,173 and unsecured liabilities of $277,531. It’s a sad end for a company that did much to promote the rise of Japanese entertainment in the US.