Texas, USA – After its initial announcement last December 2020, Sony Pictures’ anime distribution service Funimation has completed the acquisition of fellow anime streaming service Crunchyroll from global telco network AT&T for a disclosed amount of US$1.175b.
The acquisition by Funimation entails acquiring Crunchyroll’s 5 million SVOD users, 120 million registered users, as well as global market presence in 200 countries and territories, offering AVOD, mobile games, manga, events merchandise and distribution.
Said deal provides as well the opportunity for Crunchyroll and Funimation to broaden distribution for their content partners and expand fan-centric offerings for consumers.
Kenichiro Yoshida, chairman, resident and CEO at Sony Group Corporation expressed excitement with the recent acquisition, noting that anime, or Japanese animation series and movies, is a rapidly growing medium that enthralls and inspires emotion among audiences around the globe.
“The alignment of Crunchyroll and Funimation will enable us to get even closer to the creators and fans who are the heart of the anime community. We look forward to delivering even more outstanding entertainment that fills the world with emotion through anime,” Yoshida stated.
Meanwhile, Tony Vinciquerra, chairman and CEO at Sony Pictures Entertainment, commented that Crunchyroll adds tremendous value to Sony’s existing anime businesses, including Funimation, as well as their partners at anime distribution company Aniplex and Sony Music Entertainment Japan.
He added that with the acquisition, the combined company forces will be committed to creating the ultimate anime experience for fans and presenting a unique opportunity for their key partners, publishers, and the immensely talented creators to continue to deliver masterful content to audiences around the world.
“With the addition of Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose, from theatrical, events, home entertainment, games, streaming, linear TV — everywhere and every way fans want to experience their anime. Our goal is to create a unified anime subscription experience as soon as possible,” Vinciquerra stated.
Crunchyroll is part of AT&T’s segment from global media company WarnerMedia.
During the acquisition announcement last December 2020, Tony Goncalves, chief revenue officer at WarnerMedia, said, “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-end global ecosystem for this incredible art form,”
Vinciquerra added, “Together with Crunchyroll, we will create the best possible experience for fans and greater opportunity for creators, producers and publishers in Japan and elsewhere. Funimation has been doing this for over 25 years and we look forward to continuing to leverage the power of creativity and technology to succeed in this rapidly growing segment of entertainment.”
