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Sony to buy Crunchyroll anime streaming service from AT&T for $ 1.175 billion
AT&T and Sony Announce They Will Buy Anime Streaming Service Crunchyroll from AT&T for $ 1.175 Billion. In particular, Crunchyroll will become part of Sony Funimation, which already licenses many popular TV series like Attack on Titans, Fullmetal Alchemist and Big Jackpot.
Now that Sony owns Crunchyroll and Funimation, the company has a huge impact on the US anime market at a time when many other media giants are trying to gain a foothold in the space. Netflix, for example, has already invested heavily in licensing and even producing its own anime series.
“We’re thrilled to start this new journey,” said Crunchyroll General Manager Joanne Waage. – Crunchyroll has built a world-class brand with a base of over 3 million subscribers, 50 million social media followers and 90 million registered users. These great fans have helped turn anime into a global phenomenon. Combining the strength of the Crunchyroll brand and the expertise of our global team at Funimation is an exciting prospect and victory for an incredible art format like anime. “.
AT&T has been selling Crunchyroll for some time now, with talks with Sony apparently going on for months. In August, The Information reported that AT&T wants $ 1.5 billion from the Japanese company for Crunchyroll, and both sides reportedly were close to a nearly $ 1 billion deal in October.
“The Funimation and Crunchyroll alliance is a victory for anime fans around the world and will drive the art and culture of this media format over the coming decades,” said Colin Decker, CEO of Funimation Global Group. – Combining these two great companies will be a victory for fans and allow us to compete on a truly global scale. I am honored to welcome the amazing Crunchyroll team and to share the common goal of helping everyone immerse themselves in the amazing world of anime. “.
According to the New York Times, AT&T acquired Crunchyroll as part of its 20221 acquisition of Otter Media from the Chernin Group for a reported value of more than $ 1 billion. John Stankey, current chief executive of AT&T and former head of WarnerMedia, said the company will leverage the acquisition of Otter Media to leverage Otter Media’s expertise and strengthen its digital assets. Led by Mr Machine, AT&T and WarnerMedia are now focused on building HBO Max, the flagship of the company’s streaming services. By the way, Crunchyroll is also present in Russia (though, it seems, without the Russian language) – the cost starts from 299 ₽ per month.