Crunchyroll, an animation streaming service, officially acquired by Sony

Crunchyroll owned by Sony: As it was announced earlier, Sony has completed the takeover of animation streaming platform Crunchyroll
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Crunchyroll owned by Sony

Both companies announced on Wednesday¬† in a press release that Crunchyroll take over by Sony has completed¬† and now Crunchyroll owned by Sony. The takeover will make the video streaming service part of Sony’s Funimation, a division within the company that already has licenses for popular animes (Japanese animation series) such as Attack on Titan, Fullmetal Alchemist and One Piece. As a result of the acquisition, Sony has a huge share of this market, at least in the United States, which in turn could affect the content that you may be able to watch on other video streaming services currently.

Crunchyroll owned by Sony now, currently has 3 million paying customers, 50 million social media followers and 90 million registered users (you can also view content without a subscription). Parent company AT&T has been trying to sell the video streaming service for months in order to be able to pay off part of its outstanding debt. Talks with Sony have taken months. For a moment it seemed that Sony $ 1.5 billion had to pay, but now it appears that the deal is closer to the $ 1 billion mark.

The former parent company was thus still able to make some profit with the sale. In 2018, AT&T reportedly bought Crunchyroll for $ 1 billion from Chernin Group. The acquisition gave the company a number of important digital properties in its portfolio. The plan was to get more out of the purchase than actually happened. Meanwhile, AT&T is now working with WarnerMedia on another video streaming service, HBO Max. It is planned to have that service next year as well comes to Europe.