Liberty Media has completed the previously reported
purchase of Manga Entertainment
parent company, IDT Entertainment from IDT Corporation. Liberty Media has merged IDT Entertainment with the Starz
Entertainment Group to form Starz
, LLC, which will encompass former IDT companies such as Manga Entertainment
, Film Roman
and Anchor Bay
, as well as the Starz
Entertainment group of Satellite TV stations.
A Manga Entertainment
representative told us that, as part of the Starz
Entertainment Group, Manga Entertainment
should benefit from more funding for new licenses and projects.
This is the second time in as many years that Manga Entertainment
has changed hands. In 2004 Manga Entertainment
was acquired from Palm Pictures by IDT Entertainment, which was then a subsidiary of IDT Corporation.
IDT Entertainment was sold to Liberty Media for $186 million in cash, the transfer of all IDT stock currently held by Liberty Media and Liberty Media's assumption of Entertainment's debt.