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  1. Aug 9, 2021 · The Chernin Group and AT&T formed the joint venture Otter Media in 2014, and Otter Media invested another US$22 million in Crunchyroll's parent company Ellation in November 2015.

  2. Aug 9, 2021 · Sony Pictures Television bought a controlling stake in Funimation in 2017 for $143 million. In 2019, Funimation founder Gen Fukunaga stepped out of day-to-day management.

    • Todd Spangler
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  4. Sony Acquires Crunchyroll for $1.175B. Crunchyroll will become part of Sony's Funimation Global Group. UPDATE 12/10: Negotiations were ongoing in October, but a final deal has now been agreed and ...

    • 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.
    • This isn’t Sony’s first foray into anime. Sony isn’t new to the game. Sony Music Entertainment Japan’s Aniplex, first created in 1995, has produced popular video games, music and shows.
    • The acquisition will help Sony expand its presence in the anime industry. Sony and Funimation are poised to benefit from an expanded presence in the anime industry, which was worth an estimated ¥2.51 trillion(roughly $24 billion) in 2019, thanks to Crunchyroll.
    • The deal is part of WarnerMedia’s asset-trimming as it focuses on HBO Max. AT&T is seeking to recoup costs and pull itself out of debt following the 2015 acquisition of DirecTV and the 2018 acquisition of Time Warner.
  5. Mar 1, 2022 · Founded in 2006, Crunchyroll had become part of WarnerMedia after AT&T bought out Chernin Group’s majority stake in Otter Media in 2018. In 2017, Sony Pictures Television had acquired a ...

    • Todd Spangler
  6. Aug 10, 2021 · Sony Pictures has completed its $1.175 billion acquisition of Crunchyroll from AT&T, wrapping up a deal that was put in motion back in December. The anime streaming site will be combined with ...

  7. Feb 8, 2024 · In 2017, Funimation was acquired by Sony. The company went on to buy Crunchyroll in 2020 and, by 2021, the acquisition was completed. Credit: Funimation. This means that Crunchyroll did not ...

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