Funimation has officially agreed to be acquired by Sony Pictures Television Networks. The two companies reached an agreement, which values Funimation at approximately $150 million. Now, the deal moves on to regulatory approvals and closing conditions.
It’s official! Funimation is now part of the Sony family! 💜🎉🎊
— Funimation (@FUNimation) October 27, 2017
Andy Kaplan, President of Worldwide Networks at Sony Pictures Television, said, “Around the world, Sony’s networks have been major players in the anime space for nearly two decades, anime 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.”
Funimation CEO Gen Fukunaga, who will maintain a majority stake in the company, commented, “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.”
News of Sony Pictures Television acquiring Funimation broke in August 2017, and fans were left asking plenty of questions. Funimation released an FAQ to calm fans’ nerves, saying that a majority of their day-to-day operations will not change.
They say Sony will not have an influence on dubs or the pricing of Funimation’s products. However, Funimation will have greater access to theaters for releases, their services will expand to more regions, and they will have more direct access to production committees.
Funimation also reassured fans that their relationship with Crunchyroll, VRV, Crackle, Toonami, and other partners will not change in the immediate future. They promise to notify fans of any changes in the future.