Otaku USA Magazine
Sony’s Funimation Is Buying Crunchyroll For $1.175 Billion

After being told for a while that Sony has eyes for buying Crunchyroll, some official movement has happened. AT&T, which owns Crunchyroll, has agreed to sell the streaming service for $1.175 billion to Sony’s Funimation group.

While Crunchyroll’s numbers continue to go up (it now has more than 3 million subscribers), debts caused AT&T to want to sell it.

“We are proud to bring Crunchyroll into the Sony family,” CEO of Sony Pictures Entertainment Tony Vinciquerra said, according to Variety. “Together with Crunchyroll, we will create the best possible experience for fans and greater opportunity for creators, producers and publishers in Japan and elsewhere.”

The news arrived with differing opinions from otaku, some of whom liked the business move, and some of whom feared a monopoly.

Many details of what’s to come have not been released.

Source: Variety


Danica Davidson is the author of the bestselling Manga Art for Beginners with artist Melanie Westin, and its sequel, Manga Art for Intermediates, with professional Japanese mangaka Rena Saiya. Check out her other comics and books at www.danicadavidson.com.