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Sony Acquires Majority Stake In Funimation

2 min read

FUNimation Logo 2016With a valuation of $150 million, Sony has made a majority stake purchase of 95% in Funimation. The deal, which has approvals through regulators and closing agreements to deal with, is part of Sony’s plan to take Funimation to the next level but also to bring a lot of content into their networks.

“Around the world, Sony’s networks have been major players in the anime space for nearly two decades, and in more recent years we have rapidly increased our networks’ over-the-top and digital offerings to consumers. With the acquisition of Funimation, the combined IP of Animax, Kids Station and Funimation allows us to deliver the best anime to fans across all screens and platforms,” said Andy Kaplan, President of Worldwide Networks at Sony Pictures Television.

Gen Fukunaga will hold the rest of the stake and remain in his position with the company, stating, “With Funimation’s long-established leadership position in anime and Sony’s direct access to the creative pipeline in Japan, it will be a great partnership to take Funimation to the next level.”

Outgoing Chairman of Funimation, John A Kuelbs, and lead investor, Doug Deason, said, “Funimation experienced tremendous growth and success since 2011. We believe Sony, Gen and his team are uniquely positioned to lead Funimation and its fans into an exciting and entertaining future.”

[Source: Deadline]

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