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Anime Beans By Production I.G To Discontinue Its Services

Production I.G recently announced that they plan to promote Attack On Titan producer George Wada to CEO and President of the studio.

Production I.G

The anime app service by Production I.G, Anime Beans, will discontinue its service on March 31. The news was announced by the company on Monday.

Production I.G launched a vertical anime app, Tate Anime in June 2017 and discontinued its service in May 2018. However, the app was relaunched in June 2018 as Anime Beans. Tate anime provided short anime update on weekdays with each series had 10 episodes.

Production I.G recently announced that they plan to promote Attack On Titan producer George Wada to CEO and President of the studio. He is also the current Executive Vice President.

While Wada takes the charge as CEO and President, the current CEO and President Mitsuhisa Ishikawa will be promoted to the studios Chairman of the board.

The power shift will take place on Aug 30 in the next shareholders meeting of the company.

Wada joined the company in 2005 and was later in 2012 appointed as CEO of Wit Studio. He was promoted to Executive Vice President of Production I.G in 2020. He has continued to work in both the roles simultaneously in their respective companies. He will continue to do so post the meeting in August.

While performing his various roles in both the companies Wada has several feathers in his cap which stand as a testimony to his work. Some of the anime’s he has worked on include, Attack On Titan, Psycho Pass season 1 and 2, Ghost in the Shell: Arise, Ghost in the Shell: Stand Alone Complex: Solid State Society, Kimi No Todoke anime, Vinland Saga to name a few.  

Mitsuhisa Ishikawa joined Tatsunoko Productions post completing his college education. He later co-founded Production I.G, then known as I.G Tatsunoko, with Tatayuki Goto in December 1987. It was renamed in 1993 as Production I.G.

Along with leading Production I.G, Ishikawa also serves as President and CEO of IG Port, which is the parent company of Production I.G Animation studio, Wit Studio, Signal.MD, and publisher Mag Garden.

Similar to Wada, Ishikawa will continue to serve other roles in the respective companies.

The parent company of Wit Studio and Production I.GI.G Port, revealed that they have earned 11.872 billion yen revenue in previous fiscal year i.e June 2021 to May 2022. This is the first time ever I.G Port achieved this milestone.

The company has clocked in operating profit of 573 million yen and ordinary profit of 574 million yen which is a 17% and 22.6% reduction from previous year, respectively.

In addition, the video production business of the company was down for 402 million yen due to delayed delivery of large-scale works.

The company earned total profit of 5 million yen which is a 99% year-on-year reduction. This was due to unification of the companies income from streaming projects and licensing sales. The temporary increase in the tax-expenses are also responsible for the profits to go down this year. However, this will be balanced next year.

However, the copyright business sales has earned 2,932 million yen in revenue, an increase of 37.6%. The operating profit of copyright business is 590 million yen, an increase of 19.2%.

The company’s publishing business has also been raking in profits, which were up by 22.5%, earning them 2,646 million yen with an operating profit of 541 million yen, an increase of 31.9%. Along with publishing, the E-books sales ratio has also risen from 54% to 67% in this year.

The company has set goals for consolidated sales of 12.6 billion yen by the end of fiscal year ending on May 2025, with ordinary income of 1,069 million yen and net income of 756 million yen.

The company also promises to build a direct marketing strategy where they will spread awareness of the products and services they provide globally. They will also aim for a global business system for their digital products such as cross-border EC, E-books, and NFT’s.

In the fiscal year prior to this, the company almost touched the 10 billion mark by earning 9.934 billion yen.

Production I.G also recently announced that they plan to promote Attack On Titan producer George Wada to CEO and President of the studio. He is the current Executive Vice President.

While Wada takes the charge as CEO and President, the current CEO and President Mitsuhisa Ishikawa will be promoted to the studios Chairman of the board.

The power shift will take place on Aug 30 in the next shareholders meeting of the company.

Source: Official Website

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