The Australian Financial Review newspaper reported on Wednesday that Madman Media Group, the parent company of Australian film distributor Madman Entertainment, has sold the anime division of its business to Sony’s media production subsidiary Aniplex in an AU$35 million (about US$25 million) deal.
Aniplex previously invested in Madman Entertainment in February 2018, and has held a minority interest in the company since.
The company launched the Madman Anime Festival in 2016, and it has hosted the event Melbourne, Perth, and Brisbane.
Funtastic Limited acquired the company in 2006, but decided to sell the company in 2014.