CM – Sony’s Funimation Completes Acquisition of Crunchyroll from AT&T for $ 1.175 billion


Originally announced in December 2020, Sony Pictures Entertainment and AT&T announced that Sony’s Funimation Global Group has officially acquired Crunchyroll from AT&T. Funimation’s purchase of the leading anime streaming platform cost $ 1.175 billion and was paid for in cash upon completion. Although it is unclear how Funimation and Crunchyroll will merge, it is expected that AT&T will use the proceeds of the sale to support its debt reduction efforts.

In an official statement, Crunchyroll wrote, “The two brands you know and love , will work together, and we believe this is a great thing for both fans and the industry! Both teams are knowledgeable, passionate, and have been committed to the anime community for decades. We couldn’t ask for better partners. We know you might have questions! Today we’re starting by bringing two great teams together to bring you more of what you love. Thank you for your trust and support! « 

Funimation’s blog post on the news reads, » Our first priority is you, the millions of fans that make up the global anime community. And now we have the opportunity to create a unified anime subscription experience that puts fans first, with the most comprehensive lineup ever. There is a lot to be done, so start working today to make it happen!  »

“We are very excited to welcome Crunchyroll to the Sony Group. Anime is a rapidly growing medium that captivates and arouses emotions in audiences around the world. The alignment of Crunchyroll and Funimation will allow us to get even closer to the creators and fans who are the heart of the anime community. We look forward to bringing even more great entertainment through anime that fills the world with emotion, ”added Kenichiro Yoshida, chairman, president and CEO of Sony Group Corporation.

Tony Vinciquerra, Chairman and CEO of Sony Pictures Entertainment Inc., said, “Crunchyroll adds tremendous value to Sony’s existing anime businesses, including Funimation and our great partners at Aniplex and Sony Music Entertainment Japan. With Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and bring the anime experience to any platform from theater, events, home entertainment, gaming, streaming, linear television – anywhere and any way they want Fans want to experience their anime. Our goal is to create a unified anime subscription experience as quickly as possible.  »

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