AT&T Sells Crunchyroll to Funimation For $1 175 Billion fandompost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fandompost.com Daily Mail and Mail on Sunday newspapers.
AT&T is selling Crunchyroll to Sony for $1.18B
AT&T announced yesterday that it’s selling anime streaming service Crunchyroll to Sony’s Funimation for an acquisition price of $1.18 billion.
According to the announcement, Crunchyroll has 90 million registered users and 3 million paying subscribers. The service started in 2006 as a site for fan-uploaded, fan-subtitled (and often pirated) content, but it has increasingly become a home for officially licensed anime, along with games, manga and merchandise.
However, corporate parent AT&T/WarnerMedia’s streaming strategy now seems to be focused solely on its new HBO Max service. It’s shut down standalone streaming offerings like FilmStruck while shifting DC Universe from streaming to digital comics.