FUNimation Entertainment, a wholly-owned subsidiary of Navarre Corporation, today announced that it has acquired exclusive North American distribution rights for select titles in TOKYOPOP's home video catalogue.

"TOKYOPOP is one of the leading experts on youth entertainment in the United States. We are excited to apply our sales and distribution expertise to expand awareness of their titles and increase the sales of their DVDs throughout the market," said Gen Fukunaga, president and CEO of FUNimation Entertainment.

"FUNimation, an established leader in anime DVD distribution, has a feverishly-dedicated following of fans which happen to be the same audience that buys our manga," said John Parker, President and COO, TOKYOPOP. "A partnership with FUNimation presents a unique synergistic opportunity between two leading teen entertainment companies and we look forward to working with them to bring really compelling home entertainment to North America."

Titles licensed to FUNimation include Great Teacher Onizuka (GTO), Marmalade Boy, Initial D and others. FUNimation plans to rework these titles with new packaging, new pricing and new configurations. The first product to release from this agreement is Street Fury Remixed, which will street on June 27 at retailers nationwide.