Sony Pictures Entertainment Yes AT&T announced that the group Funimation Global Sony has taken over Crispy roll to AT&T. The purchase price was $ 1.175 billion and the proceeds were paid out in cash upon completion. AT&T expects to use the proceeds from this transaction to contribute to its debt reduction efforts.
The announcement did not reveal whether the individual streaming platforms would be merged or the plans for user subscription costs. In Crunchyroll’s own ad it says: “The two brands you know and love will work together and we think this is a very good thing for both the fans and the industry. Both teams are experts, passionate and committed to the anime community for decades. We couldn’t ask for better partners. We know you may have questions. Today we start by putting together two incredible teams to bring you more of what you love. Thank you for your trust and support.Β».
Kenichiro Yoshida, President and CEO of Sony Group CorporationShe commented on the merger: Β«We are very pleased to welcome Crunchyroll to the Sony Group. Anime is a rapidly growing medium that captivates and arouses emotions in audiences around the world. The union of Crunchyroll and Funimation will allow us to get even closer to the creators and fans who are the heart of the anime community. We look forward to bringing even more extraordinary entertainment through anime that fills the world with emotion.Β».
The President and CEO of Sony Pictures Entertainment Inc., Tony Vinciquerra, explained: Β«Crunchyroll is a huge addition to Sony’s anime business, including Funimation and our great partners Aniplex and Sony Music Entertainment Japan. With Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and bring the anime experience to any platform from movies, events, home entertainment, gaming, streaming, terrestrial TV … anywhere and in any way fans want experience their anime. Our goal is to create a unified anime subscription experience as soon as possible.Β».
Crispy roll Yes Funimation first announced the acquisition in December 2020 for a purchase price of $ 1.175 billion. The technology website The information reported in August 2020 that AT&T Sony offered Crunchyroll for $ 1.5 billion and Sony showed “reservedβAt what the streaming service estimates at $ 500 per subscriber. The source for entertainment news diversity reports that AT&T is offering the streaming service to several potential buyers, besides Sony Pictures Entertainment at this moment. Subsequently, Nikkei Asia reported in October that Sony is in the final stages of negotiations to acquire Crunchyroll pending the final deal.
Source: official page
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