f5-nz logo
Story image

Sony is going anime crazy as they acquire a majority share of Funimation

Sony Pictures Television Networks has reached an agreement to acquire a substantial majority stake in Japanese anime distributor Funimation Productions.

The company is valued at approximately US$150 million.

Gen Fukunaga, Funimation CEO, will retain a minority stake in the business and remain the CEO.

Funimation is responsible for some of the biggest anime titles including, Dragon Ball Z, Cowboy Bebop, One Piece, My Hero Academia and Attack on Titan.

Funimation licenses and distributes Japanese anime content around the world, and operates the subscription streaming service FunimationNOW, available via the PlayStation Store, so they acquisition was a no-brainer for Sony. 

Andy Kaplan, Sony Pictures Television president says, “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.”

Sony Pictures Television Networks' Animax network is a multi-platform provider of Japanese anime content currently operating in 23 countries.

Fukunaga says, “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.”

Funimation has experienced tremendous growth and success since 2011. 

Sony may be uniquely positioned to lead Funimation and its fans into an exciting and entertaining future.

Sony Pictures Television Networks operates several other established linear channel brands including AXN, Sony Channel, and Animax, as well as digital brands including Crackle around the world.

Anime fans shouldn’t worry about the acquisition, as Funimation’s structure and the directorial board will remain largely the same.

However, if you watch on Xbox you may soon have to switch to PC, as I imagine the Funimation app won’t continue to exist much longer on the Microsoft console.

This is purely speculation of course, as there have been no mentions or announcements of service withdrawals.

Sony Pictures Television Networks operates branded entertainment channels reaching nearly two billion subscribers around the world.

This acquisition will undoubtedly only continue to grow that network.

Story image
UNESCO completes major progress on establishing foundation of ethics for AI
"We need a robust base of ethical principles to ensure artificial intelligence serves the common good. We have made this process be as inclusive as possible since the stakes involved as universal, she explained.” More
Story image
Adobe releases 'Liquid Mode' to make PDFs more mobile-friendly
Adobe has a vision for the digital document, and it goes beyond large desktop or notebook screens to encapsulate other modern ways of working, such as mobile devices.More
Story image
Shlayer malware proves Apple devices aren't as secure as you think
"Apple never talks about malware publicly, and loves to give the impression that its systems are secure. Unfortunately, the opposite has been proven to be the case with great regularity."More
Story image
Samsung adds to Galaxy S20 series with new phone at lower price point
Available on October 9, the Galaxy S20 FE delivers many of the features present in the Galaxy S20, including 120Hz smooth scrolling display, AI-powered camera, advanced chipset, all-day battery and expandable storage.More
Story image
InternetNZ urges political parties to commit to digital inclusion action plan
The five point plan sets out the priority areas where InternetNZ says Government can best direct its efforts and investments to improve digital inclusion in New Zealand.More
Story image
Game review: Marvel’s Avengers (PC)
The developers have taken on a huge task in bringing this game to use, and I think it still needs tweaking. At the moment it’s a decent enough game, but one that I hope gets better with time.More