Short answers, pulled from the story.
Media Blasters was founded by John Sirabella in 1997 in New York City. Sirabella had previously founded Software Sculptors in 1992 before that company was purchased by Central Park Media, prompting him to start Media Blasters.
A major back accident in Media Blasters' warehouse in March 2013 left the company unable to travel to Japan to acquire licenses. Business associates circulated a tax document in Japan indicating the company was out of business, which resulted in Media Blasters losing the majority of its titles, most notably Rurouni Kenshin, Berserk, and Bakuman.
Media Blasters operates several divisions: Anime Works for anime localization and distribution, Kitty Media for adult anime and hentai, Tokyo Shock for Asian cinema, Shriek Show for horror films (discontinued in 2013), Fever Dreams for original films, and Guilty Pleasures for cult-classic B-tier films (discontinued in 2013 but partially revived in 2021).
Media Blasters titles are available on Crunchyroll, Tubi, Amazon Prime Video, RetroCrush, and Midnight Pulp. Titles previously available on Hulu have been removed.
Kitty Media is Media Blasters' adult anime and hentai label, founded in 1997. In 2017 Fakku acquired it for digital distribution, but as of January 2023 Kitty Media was no longer part of Fakku after nearly six years, with Fakku CEO Jacob Grady describing it as an unsuccessful venture in legal adult anime video streaming. Full control returned to Media Blasters.
At its peak, Media Blasters released around five titles a month and had approximately 50 employees. As the market contracted, the company shrank; in January 2012 Sirabella announced layoffs of roughly 10 employees, reducing the workforce by about 60 percent.