Navarre just completed their second quarter earnings conference call for Fiscal 2011 and, similar to last quarter, things remain relatively calm for the Dragon Ball franchise. It was noted that FUNimation “had a small net sales increase in the second quarter compared to the prior year’s second quarter”, thanks in part to strong video sales of Dragon Ball and Fullmetal Alchemist. Additionally, the television broadcast of Dragon Ball Z Kai bolstered the franchise’s performance even further. No further clarification was offered regarding which particular home products (Dragon Box sets, previously-released season sets, Kai) have done in comparison to each other.
During the analyst Q&A session, the potential sale of FUNimation was discussed, though there seems to be nothing significant to report as-of-yet. Offers and indications of interest have been made, Navarre has gone through management presentations with these interested parties (some of which have come back with further re-bids)… and that is about it. Navarre continues to analyze the benefit of selling the company versus continuing to run it, stated that they have done “a good job of running them”, and will continue to do so up through a potential sale. It was noted that by the end of this calendar year a decision is expected to be announced regarding the potential sale.