AMC Networks Acquires Sentai & Hi-Dive

By Justin D Williams

Check out the recent press release news of AMC Networks acquiring Sentai.

AMC Networks announced it has completed the acquisition of Houston-based Sentai Holdings, LLC (“Sentai”), a leading global supplier of anime content and official anime merchandise, with brands including the anime-focused HIDIVE direct-to-consumer subscription streaming service. The acquisition includes all of the member interests from Cool Japan Fund, Inc., a public-private Japanese investment fund.

With strong industry relationships and access to key content creators in Japan, Sentai distributes and curates one of the anime industry’s most diverse libraries of top trending and classic titles, with its content available on Crunchyroll, Hulu and Amazon Prime, among others. Sentai’s HIDIVE streaming service represents a strong new addition to AMC Networks’ portfolio of fast-growing targeted offerings, which includes AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK. AMC Networks, the global leader in targeted streaming, has forecast its targeted streaming portfolio will have exceeded nine million paid subscribers by year-end 2021, with 20-25 million paid subscribers by 2025.

Japanese anime is a rapidly growing entertainment category, with a highly-engaged global fanbase propelled by its unique aesthetics and evangelical fans, convention culture and increased online accessibility.

“With a seasoned team, strong content and direct-to-consumer offerings for fans around the world, Sentai is a key global player in anime,” said AMC Networks Interim CEO Matt Blank. “This acquisition builds on AMC Networks’ already strong IP and franchises, and furthers our targeted streaming strategy of super-serving passionate audiences with content depth, curation and community. With the addition of Sentai, we see an even greater opportunity to build on AMC Networks’ position as the global leader in targeted streaming, as we continue to grow a sustainable and long-term profitable streaming business that will be transformational for our company.”

John Ledford, Sentai’s Founder stated, “We are thrilled by AMC Networks’ acquisition and are excited to be a part of their growth strategy. This acquisition will not change Sentai’s mission to deliver the most exciting anime content to audiences around the world — it will expand it greatly and will give our content businesses more distribution, more partnerships, more scale and more reach. I could not be more pleased.”

Sentai’s executive management team of Ledford, Griffin Vance, and Paul Clinkscales, will continue on in senior roles.

PwC Advisory LLC acted as financial advisor, Arnold & Porter and Shiomizaka acted as legal counsel, KPMG FAS Co., Ltd. acted as financial advisor, KPMG Tax Corporation acted as tax advisor, and A.T. Kearney K.K. acted as Strategic advisory to Cool Japan Fund, Inc. in connection with the transaction. Paul Clinkscales led the transaction for Sentai. Hughes Hubbard & Reed acted as legal counsel to AMC Networks.