Navarre Corp. Evaluating Funimation Sale

By Ishaan . May 29, 2010 . 8:09am

http://www.siliconera.com/wordpress/wp-content/uploads/2010/05/ouran_screen.jpg The Navarre Corporation, present owners of Funimation Entertainment, recently announced that they have hired the services of investment bank Houlihan Lokey, to help negotiate and facilitate a sale of the anime publisher, according to a report at MarketWatch.

 

While Funimation revenue has met expectations financially, Navarre CEO, Cary L. Deacon, prefers that his company focus on its software publishing and distribution business. It’s worth noting, however, that Deacon also has Funimation’s best interests at heart. Funimation, he revealed, hope to grow through “co-productions of original anime content, social networks and digital broadcasting,” and Deacon believes this goal can be better achieved under a new owner with expertise in those fields.

 

Navarre plan to announce Funimation as a discontinued operation at the start of their first quarter for fiscal year 2011.


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  • zhemos

    Meh, could careless what Funi does. Almost every title they release has crappy video quality or amateur subtitle timing and little to no extra’s.

    They only give special treatment to mainstream titles, Their Evangelion blu-ray release was fantastic. But It seems like every other title they end up cutting corners.

  • Aoshi00

    I’m just grateful Funimation released the original DB sets, Dragon Box, and the Kai Blu-rays, so I don’t need to play the new fighting games :)

  • Slashlen

    I don’t know what to think of this. What has been said about the two companies not really being a good match anymore is true, but I have trouble believing that they really have Funi’s best interests at heart. Maybe Navarre just wants to get out while the getting’s good.

    I’m not worried about it, though. No idea who would buy Funi, and we don’t know how good/bad this will be until we know who’s buying.

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