Sony Announces its Complete Acquisition of Crunchyroll

<p><a href&equals;"http&colon;&sol;&sol;www&period;sonypictures&period;com&sol;corp&sol;divisions&period;html" target&equals;"&lowbar;blank" rel&equals;"noopener">Sony Pictures Entertainment Inc<&sol;a>&period; and AT&amp&semi;T Inc&period; recently announced that SPE has completed its acquisition of AT&amp&semi;T’s <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;&quest;s&equals;Crunchyroll">Crunchyroll<&sol;a> through Funimation Global Group&comma; LLC&period; <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;&quest;s&equals;Funimation">Funimation<&sol;a> is a joint venture between SPE and Sony Music Entertainment &lpar;Japan&rpar; Inc&period;’s subsidiary&comma; Aniplex Inc&period; The agreement was first announced in December 2020&period;<&sol;p>&NewLine;<p><img class&equals;"aligncenter wp-image-160400 size-full" src&equals;"https&colon;&sol;&sol;cdn&period;bagogames&period;com&sol;wp-content&sol;uploads&sol;2020&sol;07&sol;06032510&sol;crunchyroll-hime&period;jpg" alt&equals;"" width&equals;"1280" height&equals;"720" &sol;><&sol;p>&NewLine;<h3 style&equals;"text-align&colon; center">Crunchyroll Acquisition Information<&sol;h3>&NewLine;<p>Kenichiro Yoshida&comma; Chairman&comma; President and CEO Sony Group Corporation commented on the news saying&colon;<&sol;p>&NewLine;<blockquote><p>&OpenCurlyDoubleQuote;We are very excited to welcome Crunchyroll to the Sony Group&period;Anime is a rapidly growing medium that enthralls and inspires emotion among audiences around the globe&period; The alignment of Crunchyroll and Funimation will enable us to get even closer to the creators and fans who are the heart of the anime community&period; We look forward to delivering even more outstanding entertainment that fills the world with emotion through anime&period;”<&sol;p><&sol;blockquote>&NewLine;<p>Tony Vinciquerra&comma; Chairman and CEO of Sony Pictures Entertainment Inc&colon;<&sol;p>&NewLine;<blockquote><p>&&num;8220&semi;Crunchyroll adds tremendous value to Sony’s existing anime businesses&comma; including Funimation and our terrific partners at Aniplex and Sony Music Entertainment Japan&period; With Crunchyroll and Funimation&comma; we are committed to creating the ultimate anime experience for fans and presenting a unique opportunity for our key partners&comma; publishers&comma; and the immensely talented creators to continue to deliver their masterful content to audiences around the world&period; With the addition of Crunchyroll&comma; we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose&comma; from theatrical&comma; events&comma; home entertainment&comma; games&comma; streaming&comma; linear TV &&num;8212&semi; everywhere and every way fans want to experience their anime&period; Our goal is to create a unified anime subscription experience as soon as possible&period;”<&sol;p><&sol;blockquote>&NewLine;<p>The purchase price for the transaction is &dollar;1&period;175 billion&comma; subject to customary working capital and other adjustments&comma; and the proceeds were paid in cash at closing&period; AT&amp&semi;T expects to use the proceeds from this transaction to help support its debt reduction efforts&period;<&sol;p>&NewLine;<p>Source&colon; press release<&sol;p>&NewLine;<p><strong>Are you a Funimation or Crunchyroll subscriber&quest; What do you think of this acquisition&quest; Let us know your thoughts in the comments section below&period;<&sol;strong><&sol;p>&NewLine;