Who Owns Funimation {Aug 2021} Get Best Answer Here! >> This article is about the acquisition battle of a popular entertainment company. Read ahead.
Are you an Anime fan? Do you love watching Anime shows, movies, and other content on Funimation but are not sure who owns it? Worry not and read our article to know all about this very popular Anime Distribution Company and Who Owns Funimation to know all about the ownership and subscription.
The popular Anime Distribution Company has been active in the United States, Canada, and the United Kingdom and has dubbed and distributed mostly all Japanese Anime shows, movies, and other East Asia Media.
What is Funimation?
Funimation is an entertainment company specializing in dubbing and distributing Japanese anime. Gen Fukunaga and his wife are the founders, and Daniel Cocanougher, an investor in the Company, funded it. From its very inception, this entertainment company has revolved around the fact as to Who Owns Funimation? The Company has been very popular from its inception and therefore has seen various hand-overs. The Company has licensed popular Anime shows such as Dragon Ball, One Piece, and Tokyo Ghoul, amongst many others. The Company was founded in the early 1990s, originally based in Silicon Valley, but later relocated to North Richland Hills, Texas. The Company rose to fame when the popular Cartoon Network began airing Dragon Ball Z as a part of a special show with the Funimation Group as the production company, which became very popular worldwide in no time.
Who Owns Funimation? The battle of acquisition.
Funimation was acquired for the very first time on May 11, 2005, by Navarre Corporation for cash US$100.4 million and 1.8 million shares stock. As a part of the deal, Gen Fukunaga was retained as the head of the Company and was positioned as the CEO.
On May 27, 2010, Navarre Corporation announced the potential sale of Funimation. And on April 4, 2011, Funimation was sold to a group of independent investors with Gen Fukunaga as the original owner for $24 million.
On June 22, 2015, Funimation and Universal Pictures Home Entertainment announced a distribution deal aimed at expansion. The Company, later on, created several other partnership deals with other companies and in 2016 announced a partnership with Crunchyroll.
But Who Owns Funimation? In May 2017, it was to be Universal Studios and Sony Pictures Television to purchase Funimation. Nevertheless, Universal backed out at the end moment, and the deal was called off. On August 7, 2018, AT&T acquired rights over Funimation and Crunchyroll, but that lasted only till November. In 2019 Colin Decker assumed the role of general manager, and finally, on September 24, 2019, Sony Pictures and Aniplex announced their acquisition of Funimation, which happened on December 9, 2020.
Conclusion
Funimation has become a big name in the entertainment industry over the decades, preferably because of its dubbing and distribution of Anime shows into other languages. Due to this very reason, the battle for the title of Who Owns Funimation has always been a hot topic. But as it seems, Sony Pictures Television is the clear winner.
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