Sony Buys Crunchyroll to Dominate Anime Streaming

Sony Buys Crunchyroll to Dominate Anime Streaming

The tech giant’s Funimation arm has swiped Crunchyroll during a significant effect on AT&T.

Sony Pictures Entertainment (SPE) has reason to celebrate today because it has successfully acquired the favored anime streaming platform, Crunchyroll. So now we will anticipate evening more anime on our PS4 and PS5s.

Sony Seals Crunchyroll Deal

Sony Picture’s Entertainment has confirmed, via a handout, its Funimation group has successfully taken on Crunchyroll—the popular anime streaming platform previously owned by AT&T.

The deal had previously been subject to regulatory approval, but now that approval has finally been made, SPE is now the rightful owner of Crunchyroll.

SPE heads are understandably buoyant about the new venture. Kenichiro Yoshida, Chairman, President, and CEO of Sony Group Corporation, says:

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We are very excited to welcome Crunchyroll to the Sony Group. Anime may be a rapidly growing medium that enthralls and inspires emotion among audiences around the globe. The alignment of Crunchyroll and Funimation will enable us to urge even closer to the creators and fans who are the guts of the anime community. We glance forward to delivering even more outstanding entertainment that fills the planet with emotion through anime.

Sony has confirmed that Funimation completed the deal at a worth of $1.175 billion.

With Funimation already available via Sony’s PlayStation consoles (among other devices), Sony fans can soon enjoy a good, more expansive sort of excellent anime series and films.

What Happens to Crunchyroll Now?

Well, Sony has been pretty vocal about its intentions with Crunchyroll and Funimation. Tony Vinciquerra, Chairman and CEO of Sony Pictures Entertainment Inc, says:

Crunchyroll adds tremendous value to Sony’s existing anime businesses, including Funimation and our terrific partners at Aniplex and Sony Music Entertainment Japan… Our goal is to make a unified anime subscription experience as soon as possible.

So, Sony plans to bring Funimation and Crunchyroll together into a unified platform. Whether this suggests, one subscription covering both platforms isn’t entirely clear at now in time. So, for now, you will have to settle on between the 2 (or subscribe to both).

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What Is Crunchyroll?

Crunchyroll may be a subscription-based platform offering a good range of anime series and feature-length anime. It is his home to popular anime like One Piece, Dragon Ball Super, and Naruto Shippuden.

You can subscribe to Crunchyroll easily, and you even get to undertake it for free of charge. Just head to the plans page, and you’ll select how you want to subscribe from there. There are several tiers available, from monthly subscriptions to annual plans.

Are You a Crunchyroll Subscriber?

If so, what does one make of the news? Does one desire this acquisition is monopolistic on Sony‘s part?

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Sony may have acquired Crunchyroll, but hopefully, it can bring even more major anime series and shows to a tool near you soon.