Sony Pictures Television Networks to Acquire Substantial Majority Stake in Funimation

Culver City, Calif., July 31, 2017 – 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.

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