Sojitz's ARM Corporation Transfers Rights to more than 30 Titles
MINNEAPOLIS, July 7 /PRNewswire-FirstCall/ -- Navarre Corporation
(Nasdaq: NAVR) announced today that its wholly-owned subsidiary, FUNimation
Entertainment, has entered into an agreement with ARM Corporation that
transfers ARM's interest in select series to FUNimation. FUNimation
Entertainment will distribute and re-release these DVD titles in North
America and other territories around the world beginning later this year.
Under the terms of the deal, FUNimation Entertainment obtains a variety
of rights to these titles including home video, broadcast, digital and
merchandise to such international successes as Devil May Cry and Guyver:
The Bioboosted Armor TV. Each of these series was previously under license
to A.D. Vision.
"We are very enthusiastic about these titles," said Gen Fukunaga,
president and CEO of FUNimation Entertainment. "Not only are these
excellent series, but they also fuel FUNimation's major initiatives in
social networking, the FUNimation Channel and internet VOD. These new
titles cement FUNimation as the leading anime provider in North America for
television broadcast and legitimate on-line content. These shows allow us
to increasingly provide the best anime to our fans on their own terms."
About FUNimation Entertainment
FUNimation(R) Entertainment is a wholly-owned subsidiary of Navarre
Corporation and the leading company providing Japanese animation in the
United States. FUNimation is known for acquiring top-rated anime series
from Japan and for being the market share leader for home video sales of
anime in the United States. The company has a proven formula for launching
and advancing brands, and manages a full spectrum of rights for many of its
brands including broadcasting, licensing, production, internet, and home
video sales and distribution.
About Navarre Corporation
Navarre(R) Corporation (Nasdaq: NAVR) is a publisher and distributor of
physical and digital home entertainment and multimedia products, including
PC software, DVD video, video games and accessories. Navarre develops,
licenses and publishes home entertainment and multimedia content through
its Encore, BCI, and FUNimation subsidiaries and has established
distribution relationships with customers across a wide spectrum of retail
channels. Navarre was founded in 1983 and is headquartered in New Hope,
Minnesota. Additional information regarding Navarre can be found at
http://www.navarre.com.
About ARM Corporation
ARM Corporation is a wholly-owned subsidiary of Japanese Contents
Investment LPC (JCI). ARM was established to support the overseas licensing
and distribution of Japanese anime. JCI was formed by Sojitz Corporation,
in cooperation with the Development Bank of Japan (DBJ) and KlockWorx Co.,
Ltd.
About Sojitz Corporation
Sojitz is engaged in the investment of content creation, with a focus
on Japanese animation, and its export and sale in overseas markets. The
company currently handles over 100 anime titles in more than 30 markets
worldwide.
SOURCE Navarre Corporation
 back to top
Related links:
http://www.navarre.com/
CONTACT:
Navarre Investor Relations, +1-763-535-8333,
ir@navarre.com
|
