Navarre Corp. is a public distribution and publishing company founded in 1983 by Eric H. Paulson. The company is headquartered in New Hope, Minnesota. Navarre has two subsidiaries: software publisher, Encore, Inc., and distributor, Navarre Entertainment Media . The company previously offered niche films through BCI Home Entertainment a.k.a. BCI Eclipse Company (formerly Brentwood), but the division was closed in 2008 due to restructuring, after 2 years of unprofitable.
In June 2005, Navarre determined that its financial statements for 2004, and the first and third quarters of 2005, had to be restated, as the costs associated with delayed compensation based on incentives from company CEOs were recorded in the wrong quarter. In 2016, Navarre Distribution was relaunched to provide audio and movie distribution to labels and artists globally.
Video Navarre Corporation
Acquisition and sale Entertainment Entertainment
In May 2005, Navarre acquired Funimation Productions. After the sale, Funimation Productions changed its name to Funimation Entertainment. Then, in April 2011, Navarre sold Funimation to a group of investors including the founder Funimation Gen Fukunaga.
Maps Navarre Corporation
Merge with SpeedFC and rename it to Speed ​​Commerce
On September 28, 2008, Dallas-based SpeedFC agreed to join Navarre for $ 50 million in cash and stock. Merger closed in 2013; the company changed their name from Navarre Corporation to Speed ​​Commerce afterwards.
On July 9, 2014, Syracuse, NY based on Wynit Distribution LLC acquired most of the assets of Navarre Distribution Services and Encore from Speed ​​Commerce. Since then, the name Navarre has been discontinued.
References
External links
- Official website
Source of the article : Wikipedia
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