Sony’s Funimation completes acquisition of Crunchyroll2021-08-09 18:26 by Daniela
Tags: Sony, Crunchyroll
Sony Pictures Entertainment has closed its $1.175 billion acquisition of Crunchyroll from AT&T, adding to the list of entertainment assets recently shed by the telecom giant.
The aqusition was originally announced in December 2020 by Sony Pictures and Crunchyroll. In March, the U.S. Justice Department reviewed whether the deal would give Sony dominance over anime streaming.
The company will be combined with Sony's Funimation, creating a powerhouse in anime. Funimation is a joint venture between SPE and Sony Music Entertainment's Aniplex Inc.
"We are very excited to welcome Crunchyroll to the Sony Group," said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation. "Anime is a rapidly growing medium that enthralls and inspires emotion among audiences around the globe. The alignment of Crunchyroll and Funimation will enable us to get even closer to the creators and fans who are the heart of the anime community. We look forward to delivering even more outstanding entertainment that fills the world with emotion through anime."
Crunchyroll is an anime streaming service with over 5 million subscribers and available across 200+ countries and territories. Its services also extend to anime merchandise, mobile games, and manga. Funimation's streaming service currently offers over 700 anime series and known for releasing simulcast dubbed content, film distribution, merchandise, live events, and more. The platform recently rebranded Australia and New Zealand's streaming service AnimeLab into Funimation.
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