News Weinstein Buys 25% of Manga Ent. Parent Starz Media
posted on 2011-01-05 21:03 EST
Manga Entertainment's British arm revealed on its Twitter account on Wednesday that the Los Angeles-based Weinstein Company has acquired a 25% minority stake in Starz Media, the parent company of Manga Entertainment and Anchor Bay. According to the Los Angeles Times newspaper, the deal also includes a five-year distribution deal under which Starz Media will handle DVD and digital distribution for the film company. The Weinstein Company paid an undisclosed amount for the stake.
In North America, Manga Entertainment holds the license to a variety of anime titles such as Ghost in the Shell, and it handles digital releases and other forms of distribution for a variety of titles, including Bandai Entertainment's Gurren Lagann. Sibling company and distributor Anchor Bay has also listed such licenses as First Squad: The Moment of Truth and Redline.
Earlier this year, Starz LLC announced that it was putting Starz Media up for sale.