Sony Pictures Television Networks has announced that it will be acquiring a major stake in popular anime distribution company Funimation.
An agreement has been reached, but the deal has yet to to go through. Once it does, Variety reports, Sony will own a 95 per cent stake in Funimation.
“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,” said Andy Kaplan, President, Worldwide Networks, Sony Pictures Television.
Founded in 1995, Funimation has become one of the West's leading anime distributors.
You can read the full press release here.