We have some news for Sentai Films. Cool Japan has making additional funds for the anime company. The funds are 3.6 million for Sentai holdings. I will post the info below so you can check it out and know what is up.
“Cool Japan Fund, the public-private company that the Japanese government employs to fund projects as part of its “Cool Japan” program, announced on September 30 that it and Sentai Filmworks CEO John Ledford are making additional funds available to Sentai Holdings, LLC — the parent company of Sentai Filmworks, HIDIVE, and Anime Network. The Japanese version of the announcement stated that Cool Japan Fund is making 3.6 million dollars (400 million yen) available to Sentai Holdings, LLC, and Ledford himself is also making additional funds available.
The fund invested US$30 million in Sentai Holdings, LLC in August 2019.
The announcement on September 30 stated that Sentai Holdings, LLC “recorded better financial results in 2019 than in the previous year,” and is planning to implement measures with a goal of medium- and long-term growth. The statement also added that the company is making “strategic and operational changes” to adapt to the coronavirus disease (COVID-19) pandemic and “uncertainties of the global marketplace for entertainment content.” Sentai Holdings, LLC also plans to use the funds to “remain competitive despite macro economic challenges” and strengthen its online business.”
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