Animation company Funimation, based in Flower Mound, announced Tuesday that it has agreed to sell a substantial majority stake to Sony Pictures Television Networks, valuing the company at approximately $150 million. Funimation founder Gen Fukunaga will retain a minority stake and keep his position as CEO.
Funimation specializes in bringing animated films and TV shows from Japan to English-speaking territories. They are perhaps most well-known as the US distributor for the hugely popular Dragon Ball series and its various sequels.
Fukunaga says in a press release, "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."
In an FAQ section of their blog post announcing the deal, Funimation says, "We will be keeping our production facilities in Texas so we can continue to bring SimulDubs to you within two weeks of the Japanese broadcast date."
They also stress that subscribers to the company's streaming service, FunimationNow, will see no change to their subscription terms, pricing or content availability.