Travis Bruno of Capsule Computers writes:
"After Geneon folded with the first anime season, FUNimation obtained the license, but Media Blasters acquired the second and third seasons. However with Media Blasters’ numerous issues, they were only able to release the second season and they eventually dropped the third season’s license. Now, almost six years after Ikki Tousen: Great Guardians aired in Japan FUNimation has brought this release to North America. The question is, was it worth the wait?"