Sony to Buy US Anime Giant Crunchyroll for $1.17 Billion

Spread the love

Japan’s Sony said Thursday it has agreed to buy US anime streaming giant Crunchyroll, which has more than three million paying subscribers, in a deal worth $1.17 billion (roughly Rs. 8,600 crores).

By purchasing the anime, games and manga distributor from AT&T, Sony’s entertainment division is hoping to strengthen its position in the global video streaming market and compete with the likes of Netflix and Hulu, which also offer anime titles.

Crunchyroll, founded in 2006, is the world’s largest online library of Japanese animation.

Tony Vinciquerra, CEO of Sony Pictures Entertainment, said the firm had already developed “a deep understanding of this global artform” through its own anime streaming service Funimation, which it will combine with Crunchyroll.

“Together with Crunchyroll, we will create the best possible experience for fans and greater opportunity for creators, producers and publishers in Japan and elsewhere,” he said.

“We look forward to continuing to leverage the power of creativity and technology to succeed in this rapidly growing segment of entertainment.”

Sony has recently seen massive success in Japan with the popular Demon Slayer anime series made by its Aniplex studio.

A film based on the series has been a huge hit during the pandemic, becoming Japan’s second-highest-grossing film of all time and taking JPY 27.5 billion (roughly Rs. 1,900 crores) at the box office.

Are Micromax In 1b, In Note 1 good enough to take the brand to the top in India?? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Source link

Previous Article
Next Article

One Reply to “Sony to Buy US Anime Giant Crunchyroll for $1.17 Billion”

  1. Silver Taylor

    Hi! I just wɑnted to аsk if you evger have aany trouble with hackers?

    My lɑst blog (wordpress) wass hacked аnd I
    ended up losing severaⅼ weeқѕ of hard woгk due tο no
    data backup. Do уⲟu have any methods t᧐o prevent hackers?

Leave a Reply

Your email address will not be published. Required fields are marked *