Manga Entertainment Changes Hands

posted on 2006-09-20 09:45 EDT
Manga Entertainment now part of the Starz Entertainment Group

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.

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