Sony Pictures Television has announced that it and Aniplex are consolidating three Sony-owned anime acquisition and distribution companies — FUNimation Entertainment based in the United States, Wakanim based in France, and Madman Anime Group based in Australia — into one joint venture. Before the consolidation, FUNimation was under Sony Pictures Television, while the other two companies were under Sony Music Entertainment Japan’s Aniplex.

Colin Decker, who became FUNimation’s general manager in May 2019, will lead the joint venture, which will acquire and distribute Japanese anime through the three component companies. The joint venture will operate under FUNimation’s name and will cover 10 languages in 49 countries with about 300 employees.

According to Variety, the first project of the joint venture is Fate/Grand Order Absolute Demonic Front: Babylonia. In addition to FUNimation streaming the anime as it airs in Japan, Wakanim and Madman Anime Group’s AnimeLab will have a 30 day window of streaming exclusivity in their territories. Variety added that FUNimation will have a one year window of streaming exclusivity on a previously unannounced dubbed version.

Source: ANN