Geneon USA Halts All DVD Distribution Today

From ANN:

The onetime anime distribution company Geneon Entertainment (USA) Inc. has notified its retail customers that it will cease "the sales of DVDs and all related distribution and marketing operations as of 5 p.m. on Friday, September 28, 2007." The deadline for ordering all Geneon USA products is that time and date, and only orders for "catalog products in inventory or new releases with a street date" of November 6 or earlier will be accepted. Any outstanding retail orders will ship as soon as stock is available. No more returns will be accepted after 5:00 p.m. on November 30, and new orders after September 21 cannot be returned at all. The letter to retailers also says that "payables to Geneon remain unchanged."