PR: Sony to Acquire Majority Stake in Funimation

Monday, July 31st, 2017

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By


Funimation

In a press release today, it was announced that Sony Pictures Television network will be acquiring a majority stake of Japanese anime distributor Funimation. For more information and details of the acquisition see the press release below:

 

Sony Pictures Television Networks has reached an agreement to acquire a substantial majority stake in Japanese anime distributor Funimation Productions, Ltd., (“Funimation”), subject to regulatory approvals and certain other closing conditions, valuing the company at approximately $150 million. Gen Fukunaga, CEO of Funimation, will retain a minority stake in the business and remain CEO.

With a catalog that includes popular titles such as “Dragon Ball Z”, “Cowboy Bebop”, “One Piece”, “My Hero Academia” and “Attack on Titan”, Funimation licenses and distributes Japanese anime content in the U.S., and operates the subscription streaming service FunimationNOW, available via the PlayStation Store, iTunes Store, Google Play, Amazon Apps, Xbox Store and mobile devices. Additionally, the company sells merchandise and DVDs through its website, Funimation.com.

“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, Worldwide Networks, Sony Pictures Television.

Funimation CEO Gen Fukunaga added, “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

About Justin Guillou

Justin joined Operation Rainfall after visiting the site numerous times and reading the articles on Xenoblade Chronicles. He enjoys searching for and collecting some of the more obscure video games out there.




  • Mr0303

    Hopefully Sony would be hands off on the creative part. This could lead to some game collaborations, which could be nice.

    • No_Good_Names_Ever

      This is Sony Pictures; they can barely keep themselves from shoving SJW bullshit in a Spiderman movies.

    • Mr0303

      I can’t recall any instances from the older movies and the new one could as well be the fault of Marvel and Disney, but Sony Pictures did Ghostbusters, so I’m not sure who’s worse.

    • No_Good_Names_Ever

      Marvel has no pull in the movies and Disney wouldn’t dare taint a character that has the potential to rake in huge amounts of money and one they’ve got some kind of deal going. People should also be scared if this means they can use the IPs under Funimations control to make movies (live action Resident Evil).

  • braneman

    Keep in mind Sony made the Emoji Movie.

  • Paychi

    I got a kick out of this one.

    “Will this affect the production or quality of dubs coming from Funimation?

    Funimation will always strive to honor the intent of the Japanese
    creators in our productions. There will be no changes to our
    translation, script writing, voice actors or production staff.”

    • Steve Baltimore

      Yea, I thought that was pretty funny as well.

    • No_Good_Names_Ever

      “There will be no changes to our
      translation, script writing, voice actors or production staff.”
      Too Dark humor.

  • Panpopo

    So a worldwide western company bought them out. I really hope they don’t try to make changes on the Japanese side to appeal to a western casual audience.

    • No_Good_Names_Ever

      They cut the lewd out; that much I know.

  • VanFinale

    I hope this results in the death of both of these companies I pretty much stopped buying anime blurays because Funimation seems to be the only company putting them out now.

    • No_Good_Names_Ever

      Hear hear!