FUNimation has announced the first sale of a new two-hour syndicated anime programming block.  CoLours, 'America's First Multicultural Television Network,' will carry two hours of anime programming from FUNimation seven days a week from 10 p.m. to midnight ET. 

Programming plans for the block are still being finalized.  According to a FUNimation spokesperson, the following titles are under consideration for inclusion in the block:  Kodocha, Case Closed, Galaxy Railways, Yu Yu Hakusho, Tenchi Muyo! GXP, Kiddy Grade, Blue Gender, and Baki the Grappler.   Weeknight and weekend night programming may vary and target different demographic groups. 

The CoLours TV Network is available in 12 million U.S. cable and satellite households.  It is part of DISH Network's basic satellite package. 

The programming block is being distributed by OlympuSAT, which is also distributing FUNimations nascent cable channel (see 'FUNimation Launches Cable Channel').

FUNimation parent Navarre completed a private placement of $19.95 million in equity this week, the proceeds of which will be used to pay down debt owed to GE Capital.