So, Axis Animation, which created the animation for the series, is filing for bankruptcy?
griffin7392025-10-05 15:10
Ya, second paragraph of the article
omicron7e2025-10-06 13:19
We can read the articles?!
Crunchy-Leaf2025-10-06 14:57
No. If we start reading them it’ll set a bad precedent.
ckal092025-10-07 03:58
Read the what
CaptHayfever2025-10-05 17:27
Upvoting your comment for visibility, because people are gonna read that headline & think *Marvel Animation* is filing for bankruptcy.
Th3_C0n_Man2025-10-05 18:07
Yeah, that’s what I assumed from the title.
The title seems clickbaity, in an attempt to make it out to audiences that the whole Marvel Animation studio is going bankrupt, to drive people to read the article.
JyconX2025-10-06 04:31
Click-baiters who try to mislead people on purpose are the worst. >:(
Pisstoffo2025-10-07 16:17
Filed for bankruptcy and had closed prior to the release of the mini-series
JyconX2025-10-07 16:30
Oh
N8CCRG2025-10-05 15:31
Damn that's too bad. The studio really made those action sequences amazing.
TrinityCodex2025-10-05 17:52
oh
CyberSnake02025-10-05 18:01
From the article:
"However, its demise was ultimately driven by the way the industry works.
This is revealed in reports filed by the administrator which was appointed when the company collapsed.
They show that "the industry experienced a downturn in production commissions post-pandemic, particularly in the video gaming sector which comprised the majority of the company’s client base. The company was also impacted by the US writer strikes which took place from May to September 2023, and the related actor strike which ran until November 2023. These significantly pushed out production schedules. Allied to this, significant cost price inflation, particularly in respect of employee costs, further eroded margins and overall profitability.
"The company's workflow was such that only a small number of projects were active at one time and, due to their relatively large individual size, this could produce cashflow pressures until large completion payments were received or in the event significant gaps arose between commissions.
"Whilst the directors considered there to be a strong pipeline of work, with a significant project due to commence in early 2025, delays in the commencement of projects began to emerge. This resulted in the company experiencing cashflow difficulties, as initial payments – which would normally be received from customers at the commencement of projects – were consequently deferred." It cast a dark spell on its finances.
While historically profitable and cash generative, financial statements for the studio's parent company Axis Productions show that it made a consolidated loss of $1.1 million (£839,000) on $32.6 million (£25.7 million) of revenue in the year to November 30, 2023. Crucially, it had cash reserves of just $380,000 (£300,000) showing how little leeway it had if the situation worsened. That is precisely what happened.
The documents state that "the company was unable to meet its payroll obligations in June 2024 and also had to defer payments to freelance contractors." They add that “in light of the Company’s ongoing cashflow difficulties its directors had been taking external professional advice for some months. As matters continued to deteriorate it was subsequently deemed appropriate for an insolvency practitioner to be consulted in late June 2024.”
PhotoBonjour_bombs192025-10-05 18:53
Is that marvels fault for not advertising this show enough
Hank_Scorpio30602025-10-05 19:08
It has almost nothing to do with Marvel
Endgam2025-10-05 22:02
Wakanda, a Black Panther, an Iron Fist.....
Sure. Nothing to do with Marvel.
brycifer6662025-10-05 22:48
It's not closing because of this show actually read
Hank_Scorpio30602025-10-05 22:49
That has nothing to do with the financial status of the animation company. Marvel was one company that paid them to do work
Terreneflame2025-10-05 19:48
I saw it existed, it just didnt look interesting
GrimDarkGoober2025-10-05 20:16
Cue people acting upset like this studio was known for anything other than Eyes, which flopped.
a_phantom_limb2025-10-05 21:18
>The show was a hit with critics and has an average score of 92% on review aggregator Rotten Tomatoes. Audiences weren’t so generous awarding it 52% though this didn’t stop the show from rising to the top of the Disney+ charts after only a few days.
Hmm….
theperipherypeople2025-10-06 05:56
Hmm indeed.
watabadidea2025-10-06 14:19
?
brycifer6662025-10-05 22:45
That's a shame they did great work
nage_2025-10-06 00:46
What If kinda burned out people's trust in their animations, which is a shame because the animation was always really good. the voice acting just had really bad pacing
Jumpy-Opening-77022025-10-06 01:24
I guess this means no Eyes of Wakanda Season 2, right?
SofiaTrixieFox12025-10-06 03:30
Marvel Animation would just hire a different animation studio to provide the animation for the second season. Especially since Axis Animation's bankruptcy was separate from Eyes anyway and using it as an excuse of "oh no more Eyes show haha" is kinda disingenuous in a way.
weiga2025-10-06 04:24
That was the only Marvel Animation I could not finish.
Cuteshelf2025-10-06 12:39
Its a shame. The animation and visual style was great!
Marvels zombies was cool but wasnt as nice to look at.
Timely-Raspberry-8602025-10-07 05:02
Zombies was trash
Cuteshelf2025-10-07 05:16
It wasnt amazing, but its better than a lot of the stuff since Endgame.
ConstantKT6-372025-10-06 13:51
I really wish we could get back to hand drawn animation… I miss those days.
Commentaires
The title seems clickbaity, in an attempt to make it out to audiences that the whole Marvel Animation studio is going bankrupt, to drive people to read the article.
"However, its demise was ultimately driven by the way the industry works.
This is revealed in reports filed by the administrator which was appointed when the company collapsed.
They show that "the industry experienced a downturn in production commissions post-pandemic, particularly in the video gaming sector which comprised the majority of the company’s client base. The company was also impacted by the US writer strikes which took place from May to September 2023, and the related actor strike which ran until November 2023. These significantly pushed out production schedules. Allied to this, significant cost price inflation, particularly in respect of employee costs, further eroded margins and overall profitability.
"The company's workflow was such that only a small number of projects were active at one time and, due to their relatively large individual size, this could produce cashflow pressures until large completion payments were received or in the event significant gaps arose between commissions.
"Whilst the directors considered there to be a strong pipeline of work, with a significant project due to commence in early 2025, delays in the commencement of projects began to emerge. This resulted in the company experiencing cashflow difficulties, as initial payments – which would normally be received from customers at the commencement of projects – were consequently deferred." It cast a dark spell on its finances.
While historically profitable and cash generative, financial statements for the studio's parent company Axis Productions show that it made a consolidated loss of $1.1 million (£839,000) on $32.6 million (£25.7 million) of revenue in the year to November 30, 2023. Crucially, it had cash reserves of just $380,000 (£300,000) showing how little leeway it had if the situation worsened. That is precisely what happened.
The documents state that "the company was unable to meet its payroll obligations in June 2024 and also had to defer payments to freelance contractors." They add that “in light of the Company’s ongoing cashflow difficulties its directors had been taking external professional advice for some months. As matters continued to deteriorate it was subsequently deemed appropriate for an insolvency practitioner to be consulted in late June 2024.”
Sure. Nothing to do with Marvel.
Hmm….
Marvels zombies was cool but wasnt as nice to look at.