According to the latest reports, The Funimation global group of Sony has acquired Crunchyroll. In the press release, it is said that AT&T will sell Crunchyroll to the Funimation group of Sony. The sony has purchased Crunchyroll at a negotiated price of US $ 1.175 billion of cash.
Funimation is a joint venture of Sony Pictures Entertainment and Sony Music Entertainment of Japan. No other details have been provided regarding the acquisition. As of now, the deal will be going through the other regulatory approvals.
Further Crunchyroll is one of the premier online anime broadcasting sites. The site has served more than 90 million registered users across 200 countries or more. It provides AVOD, mobile games, manga, event merchandise, and other distribution. With the merge of Crunchyroll and Funimation, we can expect a broader distribution of the latest series, manga and etc.
With this, the chairman and CEO of Sony Pictures Entertainment, Tony Goncalves has said “We are proud to bring Crunchyroll into the Sony family,” The transaction of $1.175 billion also includes the customary working capital and the other adjustments. The transaction will further go through various regulatory approvals and customary closing conditions.
“Through Funimation and our terrific partners at Aniplex and Sony Music Entertainment Japan, we have a deep understanding of this global art form and are well-positioned to deliver outstanding content to audiences around the world. Together with Crunchyroll, we will create the best possible experience for fans and greater opportunity for creators, producers, and publishers in Japan and elsewhere. Funimation has been doing this for over 25 years and we look forward to continuing to leverage the power of creativity and technology to succeed in this rapidly growing segment of entertainment. ”
”By combining with Funimation, they will continue to nurture a global community and bring more anime to more people. I’m incredibly proud of the Crunchyroll team and what they have been able to accomplish in the digital media space in such a short period of time. They’ve created an end-to-end global ecosystem for this incredible art form.”
This was all about Crunchyroll and Funimation. Be sure to stay tuned for more updates. Also, read We Never Learn Chapter 186 Release Date, Leaks and Spoilers! “This blog is written by Spoiler Guy.” Be sure to follow us on Facebook, Twitter, and Instagram for more interesting and the latest updates about anime.