Sony Completes Acquisition of Crunchyroll for $1.175 Billion
Sony and AT&T today announced the completion of the long discussed Crunchyroll acquisition in a press release issued by Sony Pictures Entertainment, Inc. The $1.175 billion dollar deal “adds tremendous value to Sony’s existing anime businesses, including Funimation and our terrific partners at Aniplex and Sony Music Entertainment Japan,” said Tony Vinciquerra, Chairman and CEO of Sony Pictures Entertainment Inc. The full release, which is copied below, mentions that this deal is part of AT&T’s debt reduction effort, and the deal was paid in cash at closing. Notably, the press release contains words from CEO Vinciquerra regarding the streaming services offered by both companies. “With the addition of Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose, from theatrical, events, home entertainment, games, streaming, linear TV — everywhere and every way fans want to experience their […]
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