Sony to purchase anime entertainment powerhouse Crunchyroll for $1 175bn – Licensing biz licensing.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from licensing.biz Daily Mail and Mail on Sunday newspapers.
AT&T Sells Crunchyroll to Funimation Global Group
Wednesday, December 9th, 2020
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AT&T Selling Crunchyroll to Sony s Funimation worldscreen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldscreen.com Daily Mail and Mail on Sunday newspapers.
Illustration: James Bareham/Polygon
On Wednesday, Sony Pictures Entertainment Inc. announced that AT&T and WarnerMedia agreed to sell Crunchyroll to Funimation. Though there had been rumblings of the acquisition for a few weeks, it wasn’t clear just how the deal would go down or if it would at all. The purchase price for the transaction was estimated by Sony to be $1.175 billion.
“The Crunchyroll team has done an extraordinary job of not only growing the Crunchyroll brand but also building a passionate community of anime fans. Crunchyroll’s success is a direct result of the company’s culture and commitment to their fans,” said Tony Goncalves, WarnerMedia’s CRO, in a statement. “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-en