“It’s official,” Funimation’s latest update reads. “The deal has closed for Sony Pictures Television Networks to acquire Funimation — and we’re incredibly excited!”
“We’re still the Funimation you’ve known and grown up with, and now with the power of Sony, and with Gen at the helm, we have the opportunity to bring the best anime to even more fans across the world. Thank you for watching!”
It’s official! Funimation is now part of the Sony family! 💜🎉🎊October 27, 2017
If you are not familiar with the proceedings between Sony and Funimation, then you have a bit to catch up on. The deal began back in July as Deadline broke news about Funimation’s acquisition to the public. The site's report suggested the anime distributor would be subsumed by Sony TV after the latter purchased 95% of Funimation’s stock for $143 million. Sony assessed the company's worth to be a staggering $150 million, and Funimation clearly agreed with the acquisition’s terms since it has been finalized.
There is no telling what kind of oversight Sony will use to alter Funimation’s workflow, but fans are tentatively excited about the new partnership. Sony TV has a large global footprint, and its acquisition of Funimation will allow anime to be more easily spread out to a worldwide audience. So far, there are also no plans for Funimation to alter its current relationships with Crunchyroll, Toonami, Aniplex, and more. The company has also indicated its disinterest in alter any prices for its products, but that can always be changed once Sony looks over its recent purchase.
So, what do you think about the deal? Are you excited to see Sony stepping into the anime sphere with Funimation? Hit us up on Twitter @ComicBook or @MeganPetersCB to let us know!