From ANN:
"Navarre Corporation CEO Cary Deacon reported during his company's Q3 2008 earnings conference call on Thursday that its Funimation anime distribution subsidiary was "in very early stages of negotiations to acquire some of the Geneon library of titles." He also noted that Geneon and A.D. Visions used funds from Japanese investors to raise their bids for recent anime licenses. Now that Geneon is no longer distributing in North America, there is a "downward pressure on pricing" in new anime licenses. The Geneon's anime market share stood at about 10%."
'Article from ICv2 (http://www.icv2.com/articles/home/12043.html)'
This is good news and hopefully it works out.
I hope Funimation gets Nanoha. I generally like their work more than most other domestic anime companies.
Oh, please please please licence Saiunkoku!!! That's the only series I was buying from Geneon. KKM would be nice too. I wasn't buying it, but I'd like to see how the second season ends...
I enjoy the Hellsing OVA too, but that's so popular I have little doubt that someone will licence it.