8Bit/Digi

After months of rumors and speculation, it has now been confirmed that Funimation Global Group, LLC has acquired Crunchyroll.

Rumors have been floating around since the Summer that AT&T has wanted to sell Crunchyroll. Funimation parent company, Sony entertainment, had the most interest in purchasing the anime streaming service. The news became official when AT&T agreed to sell Crunchyroll to Funimation for $1.175 billion. The transaction is subject to closing conditions and must include regulatory approval.

In a press release that was made available, CEO of Sony Pictures Entertainment Tony Vinciquerra, has stated,

“Through Funimation and our terrific partners at Aniplex and Sony Music Entertainment Japan, we have a deep understanding of this global artform and are well-positioned to deliver outstanding content to audiences around the world. Together with Crunchyroll, we will create the best possible experience for fans and greater opportunity for creators, producers and publishers in Japan and elsewhere.”

Tony Vinciquerra
CEO of Sony Pictures Entertainment

In a separate press release, General Manager of Crunchyroll Joanne Waage, has stated,

“We are excited to embark on this new journey. Crunchyroll has built a world-class brand with a passionate fan-base of over 3M subscribers, 50M social followers and 90M registered users. These amazing fans have helped to propel anime into a global phenomenon. Combining the strength of the Crunchyroll brand and the expertise of our global team with Funimation is an exciting prospect and a win for the incredible art form of anime.”

Joanne Waage
General Manager of Crunchyroll

It’s unknown what will change but it should be noted that Crunchyroll and Funimation have had a solid working relationship for sometime. Prior to its purchase by Sony, Funimation content was available on VRV (a streaming platform by Crunchyroll). Sub versions of series that are distributed by Funimation are also available on Crunchyroll.

Crunchyroll is the largest anime streaming service, having been credited for introducing the medium to a greater audience. It’s also very active in the fandom community with its support for anime conventions (major and local).

8Bit/Digi is an independent media outlet dedicated to the video game community and industry of the San Francisco Bay Area.