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Sony Pictures to pay $143m for anime distributor

Deal for Funimation could boost Sony's US TV holdings

TOKYO -- Sony Pictures Entertainment on Monday in California said it has agreed to buy a 95% stake in Funimation Productions, a U.S-based distributor of Japanese anime, for $143 million.

The U.S.-based filmmaking unit of Sony also distributes entertainment. The deal, subject to regulatory approval, will help it add more content and take advantage of the growing popularity of Japanese anime in the U.S.  

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