Kids
4Kids Entertainment files for bankruptcy
MUMBAI:4Kids Entertainment, the global children’s entertainment and merchandise licensing company, has filed a petition for relief under Chapter 11 of the US Bankruptcy Code.
The bankruptcy filing in the U.S. Bankruptcy Court for the Southern District of New York also covers all of the domestic wholly-owned 4Kids subsidiaries.
4Kids Entertainment International, Ltd, the company’s subsidiary based in London, is not part of the bankruptcy filing.
In conjunction with the Chapter 11 filing, 4Kids also filed a variety of first day motions that will allow the company to continue to manage operations in the ordinary course.
4Kids Entertainment interim chairman Michael Goldstein said, “We want to assure our clients, business partners and licensees that during the pendency of the bankruptcy, 4Kids will continue to provide the same level of service and dedication that it has in the past. The company will also continue to explore its strategic alternatives, including, the possible sale of the business or reorganisation as a stronger and more focused company.”
The 4Kids bankruptcy filing automatically “stays” the lawsuit filed by the licensors of the Yu-Gi-Oh! property, Asatsu-DK and TV Tokyo (collectively, the “Licensors”) on 24 March, 2011 against 4Kids, until such time as the court may order otherwise.
Goldstein adds, “If the court rules in favor of the company, 4Kids will pursue the full measure of damages for the significant injury the Licensors have caused to the business of 4Kids”.
Kids
Mukta Arts and Green Gold ink MOU to animate iconic film IPs
Kalicharan, Karz, Hero, Karma, Ram Lakhan to spawn animated shows plus features.
MUMBAI: When classic hindi movie meets animation, the result is a fresh reel of nostalgia with a cartoon twist. Mukta Arts Ltd. and Green Gold Animation have signed a Memorandum of Understanding (MOU) to collaborate on animated shows and feature films drawn from Mukta Arts’ four-decade treasure trove of iconic IPs. The partnership taps Mukta’s SGM Animation Studio launched in 2025 as its dedicated animation and games arm and Green Gold’s proven track record in building scalable, homegrown franchises. Creative teams from both sides have already kicked off discussions, with the first project currently in development.
The slate will draw inspiration from landmark Mukta films including Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar and Iqbal, plus character-led spin-offs from those universes. The aim is to reimagine these stories for today’s young, global audiences while preserving their emotional core.
Green Gold Animation (home of Chhota Bheem) founder and CEO Rajiv Chilaka said, “This partnership with SGM Studios allows us to apply our experience in building long-lasting animation IPs to a truly iconic film catalogue. Together, we aim to create animated worlds that are rooted in these legendary stories, yet designed to connect with today’s young, global audiences.”
Mukta Arts Ltd. filmmaker and founder Subhash Ghai added, “Mukta Arts has always believed in creating stories with lasting emotional value. Through animation, we are extending our IP into a new medium for the next generation.”
In an industry where timeless tales never go out of fashion, this collaboration promises to bring beloved characters back to life with a modern, animated glow proving that some stories are too good to stay in live-action. Stay tuned for the first animated frame to drop.
