MUMBAI: Funimation is now a part of Sony Pictures TV after the latter closed a deal worth $143 million for a 95 per cent stake in the anime distribution company. The valuation is around $150 million and the partnership will enable it to spread its wings globally.

Funimation CEO Gen Fukunaga will continue as CEO holding a minority stake. An official statement from the company said, “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 we Gen Fukunaga at the helm, we have the opportunity to bring the best anime to even more fans across the world.”

The company has many acclaimed anime titles to its repertoire - Dragon Ball, One Piece, Your Name, Attack on Titan, Cowboy Bepop and My Hero Academia.