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Sony Pictures Entertainment has announced that it will be buying from AT&T the massive Crunchyroll anime business on behalf of its Funimation Global Group for about US$1.175 billion.
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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 has more than 700 anime series, primarily specializes in dubbing and distributing anime in North Am...
Sony has announced that it is acquiring Crunchyroll for $1.175B in cash. The deal comes months after AT&T was first reported to be scouting potential buyers for Crunchyroll. Funimation and Crunchyroll have partnered in the past, and not both brands will become one. It's been rumored for some time that Sony was interested in purchasing Crunchyroll, but today it's been confirmed that a deal is indeed happening. AT&T's WarnerMedia, which owns Crunchyroll, has agreed to sell the streaming service to Funimation Global Group, which is owned by Sony Pictures Entertainment and Sony Music Group. How m...