On May 1 , 2008 , Funimation pulled the Funimation Channel block from Colours TV and turned it into North America 's second 24 - hour English - dubbed anime digital cable network .
On May 1 , 2008 , Funimation pulled their programming from Colours TV and later turned Funimation Channel into a cable television service whose branding is licensed by Olympusat . 
 The Funimation Channel is North America 's second 24 - hour English - dubbed anime digital cable network .