SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2012
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS Subsequent events were evaluated by the Company through the date the financial statements were issued. On April 26, 2012, 4Kids and its subsidiaries which are debtors in the cases pending in the Bankruptcy Court, (4Kids and such subsidiaries, collectively, "Seller"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement"), which contemplates the sale of substantially all of its assets to Kidsco Media Ventures LLC, a Delaware limited liability company, and an affiliate of Saban Capital Group ("Kidsco" or "Purchaser") for a purchase price of $10,000, subject to certain adjustments (the "Purchase Price"). The transaction is proposed under section 363 of the United States Code, 11 U.S.C. § 101-1532 (the "Bankruptcy Code"). The transaction is subject to, among other things, (i) competitive bidding pursuant to such sale procedures which was approved by the Bankruptcy Court at a hearing on April 27, 2012, and (ii) approval of the transaction by the Bankruptcy Court. Contemporaneously with the execution and delivery of the Asset Purchase Agreement, Saban Properties LLC delivered a guarantee pursuant to which it guaranteed the performance of Kidsco's payment obligations under the Asset Purchase Agreement. On the date of the consummation of the transactions contemplated by the Asset Purchase Agreement, $1,000 of the Purchase Price will be deposited in an escrow account (the "Escrow Amount"), to be used to satisfy any post-closing adjustments to the Purchase Price or indemnification obligations that Seller may have to Purchaser pursuant to the provisions of the agreement. $3,051 of the Purchase Price will be paid to The CW Network LLC ("the CW") as a cure cost under the term sheet originally entered into as of October 1, 2007 and amended as of October 2, 2008 and June 23, 2010 (the "CW Agreement"). $368 of the Purchase Price will be paid to Toei Animation as a cure cost. The Asset Purchase Agreement also provides for various adjustments to the Purchase Price at the closing. After payment of the foregoing amounts and giving effect to the adjustments to the Purchase Price, the balance of the Purchase Price will be paid to the Seller. In connection with entry into the Asset Purchase Agreement and as contemplated thereby, 4Kids entered into a letter agreement with the CW pursuant to which 4Kids agreed that if the sale to Kidsco pursuant to the Asset Purchase Agreement is consummated (the "Kidsco Sale"), 4Kids will assume the CW Agreement, pay the CW cure costs of $3,051 (the "CW Cure Costs") in connection with such assumption, and assign the CW Agreement to Kidsco at the closing of the Kidsco Sale. Under the letter agreement, 4Kids and the CW agreed that except for the CW Cure Costs, 4Kids shall have no further obligations to the CW with respect to claims for settle-up payments for calendar quarters occurring prior to 4Kids bankruptcy filing or for post-petition settle-up payments for calendar quarters from the second quarter of 2011 through the calendar quarter in which the closing of the Kidsco Sale under the Asset Purchase Agreement occurs. The CW further agreed to not assert any settle-up claims against 4Kids or any of its affiliates and, upon the closing of the Kidsco Sale under the Asset Purchase Agreement, to deliver a release of 4Kids for settle-up claims. 4Kids agreed, upon the closing of the Kidsco Sale under the Asset Purchase Agreement, to deliver a release of claims against the CW. The release by the CW will not release 4Kids for claims under the letter agreement or its contingent claim for indemnity filed under the Bankruptcy Cases. 4Kids release will not release claims against the CW under the letter agreement. 4Kids and the CW also acknowledged under the letter agreement that Kidsco is an intended third party beneficiary of the letter agreement. On April 11, 2012, 4Kids received a letter (the "Original Letter"), from the CW pursuant to which the CW gave notice to 4Kids pursuant to Section 5.h of the CW Agreement, to the effect that 4Kids has not made a payment required by the CW Agreement. The amount set forth in the Original Letter as being owed by 4Kids to the CW in respect of such payment is alleged to be $3,688. Pursuant to the provisions of the CW Agreement, if a payment required to be made by 4Kids under the CW Agreement is not made within ten days of the receipt of notice from the CW, the CW is entitled to exercise various rights and remedies including terminating the CW Agreement. Following discussions between representatives of 4Kids and the CW, 4Kids received another letter from the CW on April 19, 2012 which was revised and re-sent to 4Kids on April 24, 2012 (the "Second Letter"). Pursuant to the Second Letter, the CW indicated that it would not terminate or seek to terminate the CW Agreement based on the failure of 4Kids to pay the amounts alleged to be owed under the CW Agreement, so long as certain conditions identified in the Second Letter are satisfied, including that: 1. A motion ("Kidsco Sale Motion") to approve the sale of certain of 4Kids' assets (including the CW Agreement) to Kidsco (such sale, a "Section 363 Sale") is filed in connection with the Chapter 11 Bankruptcy Cases, on April 25, 2012, such motion is granted no later than June 30, 2012, and such Section 363 Sale must close no later than July 17, 2012; and 2. The CW Agreement can only be sold to Kidsco (or any other entity as the CW may approve of, in its sole discretion). The Second Letter provides that the CW reserves all rights and remedies, including the right to terminate or seek to terminate the CW Agreement, if any of the foregoing conditions is not satisfied. As provided in the Second Letter, the CW has agreed not to terminate or seek to terminate the CW Agreement unless the conditions set forth above are not satisfied. However, if the conditions set forth in the Second Letter are not timely satisfied, it is possible that the CW will seek to terminate the CW Agreement. If the CW were to terminate the CW Agreement and such termination were deemed to be proper, such termination would have a material adverse impact on the business of 4Kids. Such termination would also jeopardize the ability of 4Kids to sell its assets in the proposed sale to Kidsco pursuant to the Asset Purchase Agreement and would have a material adverse effect on the ability of 4Kids to consummate any other potential sale of its assets to another party. On April 17, 2012, in connection with the proposed sale of certain of its assets to Kidsco, 4Kids filed the Kidsco Sale Motion with the Bankruptcy Court which was approved on April 27, 2012. Despite the possibility of a Section 363 Sale, the Company continues to explore all alternatives available to generate additional cash to fund its operations, including, but not limited to sales of assets, issuance of equity or debt securities, and third party arrangements subject to any limitations and procedures arising from the Bankruptcy Cases. There were no other events that occurred subsequent to March 31, 2012 that would require recognition or disclosure in the Company's consolidated financial statements.

12. SUBSEQUENT EVENTS

Subsequent events were evaluated by the Company through the date the financial statements were issued. On April 26, 2012, 4Kids and its subsidiaries which are debtors in the cases pending in the Bankruptcy Court, (4Kids and such subsidiaries, collectively, "Seller"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement"), which contemplates the sale of substantially all of its assets to Kidsco Media Ventures LLC, a Delaware limited liability company, and an affiliate of Saban Capital Group ("Kidsco" or "Purchaser") for a purchase price of $10,000, subject to certain adjustments (the "Purchase Price"). The transaction is proposed under section 363 of the United States Code, 11 U.S.C. § 101-1532 (the "Bankruptcy Code"). The transaction is subject to, among other things, (i) competitive bidding pursuant to such sale procedures which was approved by the Bankruptcy Court at a hearing on April 27, 2012, and (ii) approval of the transaction by the Bankruptcy Court.

Contemporaneously with the execution and delivery of the Asset Purchase Agreement, Saban Properties LLC delivered a guarantee pursuant to which it guaranteed the performance of Kidsco's payment obligations under the Asset Purchase Agreement.

On the date of the consummation of the transactions contemplated by the Asset Purchase Agreement, $1,000 of the Purchase Price will be deposited in an escrow account (the "Escrow Amount"), to be used to satisfy any post-closing adjustments to the Purchase Price or indemnification obligations that Seller may have to Purchaser pursuant to the provisions of the agreement. $3,051 of the Purchase Price will be paid to The CW Network LLC ("the CW") as a cure cost under the term sheet originally entered into as of October 1, 2007 and amended as of October 2, 2008 and June 23, 2010 (the "CW Agreement"). $368 of the Purchase Price will be paid to Toei Animation as a cure cost. The Asset Purchase Agreement also provides for various adjustments to the Purchase Price at the closing. After payment of the foregoing amounts and giving effect to the adjustments to the Purchase Price, the balance of the Purchase Price will be paid to the Seller.

In connection with entry into the Asset Purchase Agreement and as contemplated thereby, 4Kids entered into a letter agreement with the CW pursuant to which 4Kids agreed that if the sale to Kidsco pursuant to the Asset Purchase Agreement is consummated (the "Kidsco Sale"), 4Kids will assume the CW Agreement, pay the CW cure costs of $3,051 (the "CW Cure Costs") in connection with such assumption, and assign the CW Agreement to Kidsco at the closing of the Kidsco Sale.

Under the letter agreement, 4Kids and the CW agreed that except for the CW Cure Costs, 4Kids shall have no further obligations to the CW with respect to claims for settle-up payments for calendar quarters occurring prior to 4Kids bankruptcy filing or for post-petition settle-up payments for calendar quarters from the second quarter of 2011 through the calendar quarter in which the closing of the Kidsco Sale under the Asset Purchase Agreement occurs. The CW further agreed to not assert any settle-up claims against 4Kids or any of its affiliates and, upon the closing of the Kidsco Sale under the Asset Purchase Agreement, to deliver a release of 4Kids for settle-up claims. 4Kids agreed, upon the closing of the Kidsco Sale under the Asset Purchase Agreement, to deliver a release of claims against the CW. The release by the CW will not release 4Kids for claims under the letter agreement or its contingent claim for indemnity filed under the Bankruptcy Cases. 4Kids release will not release claims against the CW under the letter agreement.

4Kids and the CW also acknowledged under the letter agreement that Kidsco is an intended third party beneficiary of the letter agreement.

On April 11, 2012, 4Kids received a letter (the "Original Letter"), from the CW pursuant to which the CW gave notice to 4Kids pursuant to Section 5.h of the CW Agreement, to the effect that 4Kids has not made a payment required by the CW Agreement. The amount set forth in the Original Letter as being owed by 4Kids to the CW in respect of such payment is alleged to be $3,688. Pursuant to the provisions of the CW Agreement, if a payment required to be made by 4Kids under the CW Agreement is not made within ten days of the receipt of notice from the CW, the CW is entitled to exercise various rights and remedies including terminating the CW Agreement.

Following discussions between representatives of 4Kids and the CW, 4Kids received another letter from the CW on April 19, 2012 which was revised and re-sent to 4Kids on April 24, 2012 (the "Second Letter"). Pursuant to the Second Letter, the CW indicated that it would not terminate or seek to terminate the CW Agreement based on the failure of 4Kids to pay the amounts alleged to be owed under the CW Agreement, so long as certain conditions identified in the Second Letter are satisfied, including that:

1. A motion ("Kidsco Sale Motion") to approve the sale of certain of 4Kids' assets (including the CW Agreement) to Kidsco (such sale, a "Section 363 Sale") is filed in connection with the Chapter 11 Bankruptcy Cases, on April 25, 2012, such motion is granted no later than June 30, 2012, and such Section 363 Sale must close no later than July 17, 2012; and

2. The CW Agreement can only be sold to Kidsco (or any other entity as the CW may approve of, in its sole discretion).

The Second Letter provides that the CW reserves all rights and remedies, including the right to terminate or seek to terminate the CW Agreement, if any of the foregoing conditions is not satisfied.

As provided in the Second Letter, the CW has agreed not to terminate or seek to terminate the CW Agreement unless the conditions set forth above are not satisfied. However, if the conditions set forth in the Second Letter are not timely satisfied, it is possible that the CW will seek to terminate the CW Agreement. If the CW were to terminate the CW Agreement and such termination were deemed to be proper, such termination would have a material adverse impact on the business of 4Kids. Such termination would also jeopardize the ability of 4Kids to sell its assets in the proposed sale to Kidsco pursuant to the Asset Purchase Agreement and would have a material adverse effect on the ability of 4Kids to consummate any other potential sale of its assets to another party.

On April 17, 2012, in connection with the proposed sale of certain of its assets to Kidsco, 4Kids filed the Kidsco Sale Motion with the Bankruptcy Court which was approved on April 27, 2012.

Despite the possibility of a Section 363 Sale, the Company continues to explore all alternatives available to generate additional cash to fund its operations, including, but not limited to sales of assets, issuance of equity or debt securities, and third party arrangements subject to any limitations and procedures arising from the Bankruptcy Cases.

There were no other events that occurred subsequent to March 31, 2012 that would require recognition or disclosure in the Company's consolidated financial statements.