Tokyopop founder and CEO Stu Levy is leading MBC Anime.
Tokyopop announced at its Anime Expo panel in 2015 that it was planning to begin publishing manga again in 2016, and announced its first new manga licenses in 2018.
MBC Anime aims to forge relationships with anime studios in Japan.
Tokyopop and MBC Group, a large media company in the Middle East and North Africa (MENA) based in Saudi Arabia, announced on Wednesday that they are partnering to create MBC Anime, a new joint venture that will commission, produce, and invest in a series of anime titles.