Sony Pictures TV to Aquire Anime Distributor Funimation

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. For our thoughts on the film, read IGN’s Your Name review.

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Sony Pictures TV to Aquire Anime Distributor Funimation