CPM Sponsors Con Events

Recently Nigorimasen blog has reported that "During CPM’s panel at last December’s NYAF/ICv2 Conference on Anime and Manga, President John O’Donnell said that one major cause of their troubles was the collapse of retailers Musicland and Tower Records and that he’s never tried to engage in a “heavy bidding war over popular titles in a volatile market”. Nigorimasen Blog also writes that Central Park Media has been keeping their name alive by sponsoring con events in 2008. CPM has spent "$3,200 to sponsor four events during Anime Expo 2008 including the Otaku Parliamentary Debate ($1,000) and the two-evening Karaoke Contest ($950), warranting them Patron status". CPM has plans to sponsor con events in 2009 as well.

O'Donnell says "CPM is here to stay"

"A Geek by Any Name" blog has reported that John O’Donnell said at NYAF07 that "they are still recovering from all their various issues. They have no NEW titles but they’re working on making older titles more accessible." The blog says that Central Park Media is not dead, and they are working on re-releasing many of their older titles. The blog also says that John O'Donnel commented on the bidding wars between Geneon, FUNimation, and ADV and Geneon leaving the market. Anime News Network reported in 2007 that CPM is "continuing to work through its back catalog". So now we know officially CPM has plans to re-release many of their older tittles. Anime News Network’s coverage of New York Anime Festival states “O'Donnell said that CPM is here to stay and explained the position the company was placed in due to the collapse of major anime retailers Musicland and Tower Records. Calling the event a “tragedy”, he said that the effects of this collapse were one major reason that the company is still in a recovery phase. This was also the reason given when O'Donnell explained that the company had no new acquisitions to announce.”