TLDR appears to be that the Funimation brand is expanding and going international? That was one of the things that wasn't working out in the Crunchyroll deal, so it makes sense to focus on that.
TLDR appears to be that the Funimation brand is expanding and going international? That was one of the things that wasn't working out in the Crunchyroll deal, so it makes sense to focus on that.
The deal creates a new joint venture combining Funimation with the French and Australian anime divisions owned by Aniplex, a major anime video and music producer based in Tokyo. Under the JV structure, Funimation will acquire and distribute Japanese anime content across Funimation in the U.S. and Aniplex’s Wakanim in France and Madman Anime Group in Australia. The consolidated group, jointly owned by Aniplex and Sony Pictures Television, will be led by Funimation general manager Colin Decker.
TLDR appears to be that the Funimation brand is expanding and going international? That was one of the things that wasn't working out in the Crunchyroll deal, so it makes sense to focus on that.
Here I am hoping they expand their market in India too. The Funimation website isn't even accessible from here.