SONY PICTURES TV TO AQUIRE ANIME DISTRIBUTOR FUNIMATION

Funimation Productions will soon be owned by Sony Pictures Television Networks.

As reported by Deadline, Sony Pictures TV has entered into an agreement to purchase 95 percent of the anime distributor for $143 million, valuing the company at about $150 million. Funimation CEO Gen Fukunaga will remain CEO and retain a minority stake in the company.

This year at Anime Expo, Funimation announced it will release the critically-acclaimed anime film Your Name on Blu-ray and DVD later this year.

In addition to Dragon Ball and One Piece, Funimation boasts a library of many other popular titles, including Attack on Titan, Cowboy Bebop and My Hero Academia.

Meanwhile, Sony owns Aniplex, an anime production company, of which animation studio A-1 Pictures (Fairy Tail, Sword Art Online) is a subsidiary.

Last year, Funimation entered into a partnership with Crunchyroll where the two share some existing licenses and split anime responsibilities, with Funimation simulcasting dubbed titles and Crunchyrull simulcasting subtitled anime. There’s no word on how or if Sony’s acquisition will affect this partnership.

via ign

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