Billionaire Saban buys Julius monkey brand

AP
FILE -In this July 8, 2009 file photo, Haim Saban, Chairman and CEO of the Saban Capitol Group, arrives for a media summit in Sun Valley, Idaho. Saban has bought Paul Frank Industries, the owner of the Julius monkey brand and other characters, for an undisclosed sum. (AP Photo/Nati Harnik, File)
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FILE -In this July 8, 2009 file photo, Haim Saban, Chairman and CEO of the Saban Capitol Group, arrives …

Billionaire media mogul Haim Saban has bought Paul Frank Industries, the owner of the Julius monkey brand and other characters, for an undisclosed sum.

The deal marks the second purchase for Saban Brands, a fund seeded with $500 million. In May, Saban Brands bought back the Power Rangers from The Walt Disney Co.

Saban had originally made his fortune by licensing the Power Rangers from Japan's Toei Company Ltd.

Saban says his company will continue to be aggressive but selective in acquiring new brands, and says it is in talks with two other groups on more than a dozen properties.

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