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NEWS: Navarre Sells Funimation to Group with Gen Fukunaga


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SaiyanHero16



Joined: 23 Jan 2010
Posts: 265
Location: South Carolina
PostPosted: Mon Apr 04, 2011 5:34 pm Reply with quote
I guess they'll have alter their logo now
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Divineking



Joined: 03 Jul 2010
Posts: 1256
PostPosted: Mon Apr 04, 2011 5:34 pm Reply with quote
Oh wow. Didn;t expect this to happen. At least we shouldn;t see any changes!
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The King of Harts



Joined: 05 May 2009
Posts: 6712
Location: Mount Crawford, Virginia
PostPosted: Mon Apr 04, 2011 5:47 pm Reply with quote
Quote:
The investment group also includes John A. Kuelbs "who was then instrumental in selecting Darwin and Doug Deason to join the team," according to Funimation.

Who are these people, and do they make good decisions?
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Charred Knight



Joined: 29 Sep 2008
Posts: 3085
PostPosted: Mon Apr 04, 2011 5:52 pm Reply with quote
The King of Harts wrote:
Quote:
The investment group also includes John A. Kuelbs "who was then instrumental in selecting Darwin and Doug Deason to join the team," according to Funimation.

Who are these people, and do they make good decisions?


Here's some information I found on the Deasons
http://www.bizjournals.com/dallas/stories/2003/10/20/smallb1.html

Here's some information I found about a company that made Kuelbs wealthy.
http://en.wikipedia.org/wiki/Chrome_Specialties

They're all local business men (well Funimation is Forth Worth which is close to Dallas) so presumably their just doing it as investors and Fukunaga will still run the company.


Last edited by Charred Knight on Mon Apr 04, 2011 5:56 pm; edited 1 time in total
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sanosuke32



Joined: 19 Dec 2007
Posts: 454
PostPosted: Mon Apr 04, 2011 5:52 pm Reply with quote
Funny that just today I was thinking thank god funimation is still around Laughing
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jmaeshawn



Joined: 08 Feb 2011
Posts: 162
PostPosted: Mon Apr 04, 2011 5:53 pm Reply with quote
I'm not quite understanding. So basically, Funimation is its own parent company now?
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kusanagi-sama



Joined: 22 Aug 2004
Posts: 1718
Location: Wichita Falls, TX
PostPosted: Mon Apr 04, 2011 5:53 pm Reply with quote
So, essentially, FUNimation bought themselves back?
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The King of Harts



Joined: 05 May 2009
Posts: 6712
Location: Mount Crawford, Virginia
PostPosted: Mon Apr 04, 2011 5:56 pm Reply with quote
Charred Knight wrote:
The King of Harts wrote:
Quote:
The investment group also includes John A. Kuelbs "who was then instrumental in selecting Darwin and Doug Deason to join the team," according to Funimation.

Who are these people, and do they make good decisions?


Here's some information I found on the Deasons
http://www.bizjournals.com/dallas/stories/2003/10/20/smallb1.html

They're local business men (well Funimation is Forth Worth which is close to Dallas)

Yea, according to Forbes, that Darwin Deacon fellow is LOADED. I approve of billionaires investing in Funimation.
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jtnishi



Joined: 24 Jul 2003
Posts: 62
PostPosted: Mon Apr 04, 2011 6:04 pm Reply with quote
I wish someone with a better understanding of the numbers could piece together FUNi's likely worth based on Navarre's statements. I suck at business math in these, but my reading of the numbers at least from the last quarter was that $24M would be somewhat lowball for the value of the assets & income that FUNi was providing to Navarre.
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dragonrider_cody



Joined: 14 Jun 2008
Posts: 2522
PostPosted: Mon Apr 04, 2011 6:06 pm Reply with quote
Am I the only person that finds it a little depressing that R1's largest anime distributor was sold for only $24 million? Wow! I guess that shows how much the market has shrank, considering Navarre paid over a hundred million for them.

Hell, back in 2006 20% of ADV was sold for only a little less. But on the bright side, it means there will likely be few changes. But considering how tough the home entertainment market is getting, let's hope these investors are patient.
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neocloud9



Joined: 06 Oct 2008
Posts: 1178
Location: Atlanta, GA
PostPosted: Mon Apr 04, 2011 6:16 pm Reply with quote
So... Basically, nothing has changed?
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Paploo



Joined: 21 Nov 2006
Posts: 1875
PostPosted: Mon Apr 04, 2011 6:34 pm Reply with quote
neocloud9 wrote:
So... Basically, nothing has changed?


Good news to me. It means Funi is independent, doesn't have to worry about being sold off or closed down, and should be able to possibly experiment more with digital iniatives or licensing choices [given the growth comments] while still keeping thier dvd/bluray distribution in place so we can all get our fix and they maintain their venues for product.

Fans can breath a sight of relief, and product can keep flowing. After all the uncertainty lately, it's nice to know what's going on about this situation
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writerpatrick



Joined: 29 Mar 2006
Posts: 620
Location: Canada
PostPosted: Mon Apr 04, 2011 6:36 pm Reply with quote
neocloud9 wrote:
So... Basically, nothing has changed?


Essentially ownership has changed, although it's still being run by just about the same people. There probably won't be any noticeable changes made immediately but there could be some changes coming over the next couple years.
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Charred Knight



Joined: 29 Sep 2008
Posts: 3085
PostPosted: Mon Apr 04, 2011 6:45 pm Reply with quote
dragonrider_cody wrote:
Am I the only person that finds it a little depressing that R1's largest anime distributor was sold for only $24 million? Wow! I guess that shows how much the market has shrank, considering Navarre paid over a hundred million for them.

Hell, back in 2006 20% of ADV was sold for only a little less. But on the bright side, it means there will likely be few changes. But considering how tough the home entertainment market is getting, let's hope these investors are patient.


The market collapsed in 2007, Geneon is gone, ADV (as section 23), and Bandai Ent, are barely hanging on, and we are never going to see the return of the major tv series again.
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zrdb



Joined: 16 Apr 2006
Posts: 748
Location: Who-me? Am I supposed to be somewhere?
PostPosted: Mon Apr 04, 2011 6:45 pm Reply with quote
"Sound of shit being flushed down the crapper-WOOSH!!"
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