Sony’s Funimation Closes $1.2B Crunchyroll Acquisition From AT&T, Plans to Create Single Anime Service

Sony’s Funimation Closes $1.2B Crunchyroll Acquisition From AT&T, Plans to Create Single Anime Service
AT&T has officially divested Crunchyroll, closing the sale of the anime business to Sony’s Funimation group — bringing together two erstwhile competitors under the Sony umbrella.

The telco, looking for every opportunity to pay down its debt, sold Crunchyroll for $1.175 billion in cash paid at closing by Funimation Global Group, a joint venture between Sony Pictures Entertainment and Sony Music Entertainment (Japan) subsidiary Aniplex.

Sony’s goal is to “create a unified anime subscription experience as soon as possible,” Tony Vinciquerra, chairman and CEO of Sony Pictures, said in announcing the close of the deal Monday. “With the addition of Crunchyroll,
See full article at Variety - TV News »

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