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Sony's $1.2 Billion Crunchyroll Acquisition: 4 Things You Need to Know

Though the deal is still pending, subject to regulatory approvals, here are four things to know about this major acquisition. 1. Crunchyroll will bolster Funimation’s library, adding original content and games The most obvious advantage to Sony in this deal is that Crunchyroll’s extensive library will boost Sony’s in-house animation company Funimation, which is a joint venture between Sony Pictures Entertainment and Sony Music Entertainment Japan’s subsidiary, Aniplex. Funimation, which...
Peter Chernin Otter Sony Pictures Entertainment Funimation Global Group Peter Chernin Lotter Media Funimation Global

FUNimation Acquires Crunchyroll

The official press release is right over here, but here’s the gist of it: Culver City, CA and Dallas, TX, December 9, 2020 — Sony Pictures Entertainment Inc. and AT&T Inc.* (NYSE:T) today announced that AT&T agreed to sell its Crunchyroll anime business to Funimation Global Group, LLC. Funimation is a joint venture between Sony Pictures Entertainment Inc. and Sony Music Entertainment (Japan) Inc.’s subsidiary, Aniplex Inc. Crunchyroll is a premier anime direct-to-consumer service wit...
United States Colin Decker Tony Vinciquerra Joanne Waage Sony Pictures Entertainment Funimation Global Group

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