ANN is reporting that the Japanese anime industry has shrunk for a second year in a row, with revenues down over $2 billion in 2008. Drops in both box office revenues and DVD sales contributed to this downward trend. Yasuo Yamaguchi, the director of the Association of Japanese Animators, thinks he knows the problem.
“The spread of free Internet downloading is having a deadly effect.”
Meanwhile, while the Japanese anime industry is floundering, the American industry is thriving. Must be a fluke.