FUNimationAtari Completes Restructuring; Settles With FUNimationAuthored by Mark Hefflinger on December 11, 2007 - 10:09am.
Atari Posts $11.9M Loss; Future of Company in DoubtAuthored by Mark Hefflinger on November 7, 2007 - 9:02am.
New York - Struggling video game publisher Atari (NASD: ATAR) posted a loss of $11.9 million in its delayed quarterly report on Wednesday, as revenue fell to $10.4 million from $19.5 million a year ago, and the company stated "substantial doubt about our ability to continue as a going concern." Navarre Corp. Secures $110 Million Debt RefinancingAuthored by Mark Hefflinger on March 23, 2007 - 11:12am.
Minneapolis - Navarre Corporation, a publisher and distributor of physical and digital home entertainment and multimedia products, announced on Friday a $110 million debt refinancing, consisting of a $95 million credit facility with GE-Corporate Lending, and a four-year, $15 million loan facility with Monroe Capital Advisors. AnimeOnline Launches News Site, Social Network for U.S. Anime FansAuthored by Mark Hefflinger on February 23, 2007 - 2:32pm.
Fort Worth, Texas - AnimeOnline has announced the beta launch of its social networking site and news resource for fans of anime, manga and Japanese entertainment. The site is headed by Rob Bricken, the former editor of anime industry publication Anime Insider, and backed by FUNimation, a top distributor of Japanese anime in the U.S. News articles on AnimeOnline will cover anime, manga, videogames, music and all Japanese culture, while the social network will allow users to present their favorite anime series on their personal pages. FUNimation Adds Anime TV Episodes to iTunes StoreAuthored by Mark Hefflinger on February 14, 2007 - 5:00pm.
Minneapolis - FUNimation Entertainment, a unit of Navarre Corporation that distributes Japanese animation in the U.S., announced on Wednesday that it has made episodes of top-rated anime series available for purchase and download from Apple's iTunes Store. Episodes of "Desert Punk," "Speed Grapher" and Akira Kurosawa's "Samurai 7" will be available for $1.99 each. FUNimation to Launch 24-Hour Anime Digital TV NetworkAuthored by Mark Hefflinger on September 30, 2005 - 3:15am.
Fort Worth, Texas - FUNimation, a unit of Navarre Corp. that imports Japanese anime content into America, has announced plans to launch the FUNimation Channel, a 24-hour digital network featuring top-rated anime brands. The company partnered with OlympuSAT, a satellite distributor of independent digital programming, to make the video service available nationwide. FUNimation titles include "Dragon Ball Z," "Yu Yu Hakusho" and "Fullmetal Alchemist."
Navarre Completes Purchase of Japanese Media Distributor FunimationAuthored by Mark Hefflinger on May 12, 2005 - 9:21am.
Minneapolis -- Navarre Corp., a publisher of video games, DVDs and software, announced that it has completed its acquisition of Japanese anime producer Funimation Productions, which it purchased for $100.4 million in cash and 1.8 million shares. Texas-based Funimation is the North American distributor for Japanese creations including "DragonBall Z" and "Yu-Yu Hakusho." Minneapolis-based Navarre also said it purchased the outstanding 20% stake in its Encore game publishing subsidiary that it did not already own. The company expects its purchase of Funimation will increase its 2006 revenue to between $710 and $720 million, compared with the $599.2 million it expects to report for 2005.
Navarre Acquires Japanese Anime Distributor FUNimation for $100 MillionAuthored by Mark Hefflinger on January 11, 2005 - 10:44am.
Minneapolis -- Navarre Corporation, a publisher of video games and other entertainment software, announced on Tuesday that it has acquired FUNimation Productions, a leading distributor of Japanese animation and children's entertainment in the U.S., for over $100 million in cash and over 1.4 million shares of Navarre. Texas-based FUNimation distributes home video and arranges U.S. TV licensing for brands including Teenage Mutant Ninja Turtles, Dragon Ball Z, Yu-Gi-Oh!, Yu Yu Hakusho, Beyblade and Cabbage Patch Kids. In 2003, FUNimation saw sales of $81.6 million and net income of $30.5 million. Minnesota-based Navarre's products include video games developed by its Encore subsidiary, in addition to PC software, music CDs and DVD video. "The FUNimation acquisition is consistent with our overall business strategy and will significantly increase our publishing offerings, establishes long-term relationships with new vendors and customers, and solidify our position as a premier provider of published and licensed home entertainment products," said Navarre's chief operating officer of publishing and licensing, Cary Deacon.
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