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Funimation was sold to Navarre Corporation on May 11, 2005 and the company was renamed FUNimation Entertainment.
In April 2011, Navarre sold Funimation to a group of investors including Fukunaga for million.
They initially collaborated with other companies on Dragon Ball, such as BLT Productions, Ocean Studios, Pioneer and Saban Entertainment.
By 1998, after two failed attempts to bring the Dragon Ball franchise to a U. audience, it finally found success on Cartoon Network's action-oriented programming block Toonami, and the Dragon Ball phenomenon quickly grew in the United States as it had elsewhere.
Their most popular property is Toei Animation's action-adventure series Dragon Ball Z, which had a successful run on Cartoon Network's Toonami block from 1998 to 2003, and has been re-released on DVD and Blu-ray several times since.
Navarre remained as exclusive distributor of Funimation's titles until 2013 when the company shutdown.Fukunaga met with co-worker Daniel Cocanougher whose family owned a feed mill in Decatur, Texas and convinced Cocanougher's family to sell their business and serve as an investor for his company.The company was originally formed in Silicon Valley, California as Funimation Productions in 1994, but eventually relocated to Flower Mound, Texas, located near Fort Worth.Soon after the lawsuit was abandoned, Funimation was reported to have long been deriving dubs from fansubs.Funimation nevertheless maintains that fansubbing is harmful to the anime industry, stating "The practices of illegal downloads and 'fansubbing' are very harmful to our Japanese partners and [...] we have been asked to monitor and take action against unauthorized distribution of these titles. Vision, AEsir Holdings, Section23 Films, Valkyrie Media Partners, Seraphim Studios, Sentai Filmworks and its CEO, John Ledford and Switchblade Pictures for a sum of million, citing "breach of contracts" and other issues.