CEO Al Kahn told listeners that the company would announce 12 new properties in 2009, including five at Licensing Show in June. 4Kids has already announced that it’s acquired Dragon Ball Z Kai, and is in the market for additional anime properties.
Kahn is also trying to renegotiate 4Kids’ deal with CW. 4Kids will launch a new anime programming block called Toonzai on the network this fall.
The company, which has been for sale since last summer, reported that it had entered into an exclusive negotiating period with a purchaser that would pay a premium over the publicly traded stock price.
4Kids is in danger of having its stock delisted by the New York Stock Exchange because its market cap is too low. Kahn did not offer any hope in the company’s conference call that he would be able to get the company’s stock price up in time to avoid the delisting. If the company’s stock is delisted from the NYSE, it would trade on pink sheets.