Sony Pictures TV Networks is acquiring Funimation, a Flower Mound-based anime distributor, for a pretty penny, according to a news release.
Sony will acquire a 95 percent share of the company for $143 million.
Funimation, based in Flower Mound, licenses, adapts and distributes anime content from Japanese rights holders internationally. Its catalog includes more than 10,000 hours of content with rights to over 450 brands and provides dubbed and subbed anime across multiple channels. The company operates the FunimationNow streaming platform for North American English-language audiences.
Funimation Founder Gen Fukunaga started Funimation 23 years ago “with a vision and a mission to make anime as accessible as possible to fans across the world,” said a Funimaion statement.
In an attempt to answer frequently asked questions, Funimation said not much will change. “Currently, our plan is for Funimation to operate as it has to date,” the Funimation website said. “Gen will remain CEO, and the team will continue to deliver the best anime experiences we can to you.”
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