Sony’s Funimation Acquires Crunchyroll for $1.175 Billion
Sony Pictures Entertainment and AT&T today announced that AT&T has agreed to sell its Crunchyroll anime business to Funimation. Funimation is a joint venture between Sony Pictures Entertainment and Sony Music Entertainment subsidiary, Aniplex Inc. Crunchyroll is a premier anime direct-to-consumer service within AT&T’s WarnerMedia segment with more than 3 million SVOD subscribers and growing. …