Funimation is an American entertainment and anime and foreign licensing company based in Flower Mound, Texas. The studio is one of the leading distributors of anime and other foreign entertainment properties in North America alongside Viz Media, Sentai Filmworks and Aniplex of America. Their most popular property is Toei Animation's action-adventure series Dragon Ball Z, which had a successful run on Cartoon Network's Toonami block from 1998 to 2003, and has been re-released on DVD and Blu-ray several times since. It was founded on May 9, 1994 by Gen Fukunaga and his wife Cindy as FUNimation Productions, with funding by Daniel Cocanougher and his family, who became investors in the company. Funimation was sold to Navarre Corporation on May 11, 2005 and the company was renamed FUNimation Entertainment. In April 2011, Navarre sold Funimation to a group of investors including Fukunaga for $24 million. Around the same time, the company's trademark ball, star and blue bar were dropped from its logo and the company was renamed to simply Funimation. In May 2013, Funimation consolidated its divisions under its new holding company Group 1200 Media. Funimation is a portmanteau of the English words "fun" and "animation".