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AT&T to sell anime service Crunchyroll to Sony’s Funimation for $1.18 billion
AT&T has reportedly been looking to offload the anime distributor for some time in order to pay down its significant debt.
Aerial view of Whitacre Tower, also known as One AT&T Plaza, AT&T s corporate headquarters in Dallas.(Smiley N. Pool / Staff Photographer)
Dallas-based AT&T will sell anime production and streaming company Crunchyroll to Sony Pictures Entertainment Inc.’s Funimation Global Group for $1.18 billion.
AT&T has reportedly been looking to offload the anime distributor for some time in order to pay down its significant debt, and it has been in talks with Sony since at least August.
Sony to buy anime streaming service Crunchyroll for ¥120 billion Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Sony Corp. will buy AT&T Inc. s animation business Crunchyroll. | REUTERS
Reuters, Bloomberg Dec 10, 2020
Sony Corp. will buy AT&T Inc.’s animation business Crunchyroll for $1.175 billion (about ¥120 billion), the two companies said Thursday, as the electronics conglomerate aims to strengthen its entertainment content and distribution businesses.
The deal will give Sony access to Crunchyroll’s 3 million paying subscribers across more than 200 countries and regions, helping Sony compete more globally with entertainment giants such as Netflix.
AT&T Agrees to Sell Crunchyroll to Sony for $1 18 Billion msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.