Citing financial difficulties, Aniplex is expected to announce tomorrow that The Blackstone Group is taking an eighty percent stake for an undisclosed sum estimated at $230 million. The rise in the digital distribution of entertainment has eroded the Japanese production company’s margins. This comes at a time when Blackstone, headquartered in New York City, seeks to create synergy among its multitude of holdings. Analysts predict the private equity firm to buyout the remaining shares by year end. The effect of the acquisition on Aniplex’s licensing strategy remains unclear at the moment.
Shares of The Blackstone Group (NYSE: BX) jumped $0.40 in after hours trading.