Funimation Buys Crunchyroll For $1.175 Billion. Cash Money! Greed?

Funimation Buys Crunchyroll So What Now?

The purchase of Funimation by Sony two years ago drove weebs to pick sides being either pro Funimation or pro Crunchyroll, which is mainly a video streaming subscription service. Via the Time Warner acquisition, Crunchyroll ended up becoming a part of AT&T and supplied some material for HBO Max, but now AT&T has decided to sell it for $1.175 billion to Sony.

Funimation Buys Crunchyroll Statement:

“The union of Funimation and Crunchyroll is a win for anime fans around the world that will elevate the art and culture of this medium for decades to come,” said Colin Decker, CEO of Funimation Global Group. “Combining these two great companies will be a win for fans, and enable us to compete at a truly global scale. I am honored to welcome the wonderful Crunchyroll team to a shared mission—to help everyone belong to the extraordinary world of anime.”

Funimation Buys Crunchyroll
BRAZIL – 2019/07/22: In this photo illustration a Crunchyroll logo seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)

“The Crunchyroll team has done an extraordinary job of not only growing the Crunchyroll brand but also building a passionate community of anime fans. Crunchyroll’s success is a direct result of the company’s culture and commitment to their fans,” said Tony Goncalves, WarnerMedia’s CRO, in a statement. “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.”

Sony’s purchase of Crunchyroll from AT&T could put them in a better position to compete with Netflix at first glance, but the move is actually growing their control over the anime industry in Japan. The company plans to reap the benefits of anime’s development overseas by adding the 70 million free members of Crunchyroll and 3 million paying subscribers to its portfolio of anime streaming and production companies. What is next now that Funimation Buys Crunchyroll?

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