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Funimation Productions will soon be owned by Sony Pictures Television Networks.
As reported by Deadline, Sony Pictures TV has entered into an agreement to purchase 95 percent of the anime distributor for $143 million, valuing the company at about $150 million. Funimation CEO Gen Fukunaga will remain CEO and retain a minority stake in the company.
"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," Fukunaga said.
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