Aniplus, an Asian multinational television channel and anime distributor, and Keistone Partners, a Korean private equity fund, agreed to acquire an 87.5% stake in Laftel, a developer of an online animation video streaming platform, from Ridi, a content platform, for $58m. Laftel is the largest animation OTT platform in Korea with about 5m members. Sales have more than doubled each year in the past three years. It is known to be the sole money-making OTT player in Korea as an exclusive rights holder for more than 90% of new animations released in Japan.