Sony Pictures Entertainment has completed its purchase of the Crunchyroll anime business from AT&T, the company has announced.
The agreement, first announced in December 2020, sees Sony’s Funimation Global Group acquire the business that has 120 million registered users and 5 million SVOD subscribers, across 200 countries. It offers mobile games, manga, events merchandise and distribution.
“We are very excited to welcome Crunchyroll to the Sony Group,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation. “Anime 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.”
The purchase price for the transaction is $1.175 billion with AT&T putting the proceeds towards reducing debt.
