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. Tokyopop founder and CEO Stu Levy is leading MBC Anime.
MBC Anime aims to forge relationships with anime studios in Japan. The venture is part of MBC Group's aims to invest and expand further into the anime industry.
Source: Anime News Network