Sony Looking to Acquire Crunchyroll for Nearly $1 Billion, According to Report - NewsWilliam D'Angelo , posted on 01 November 2020 / 2,208 Views
Sony is looking to acquire US anime streaming service, Crunchyroll, and is currently in the final round of negotiations, according to a report by Nikkei Asia. The acquisition could end up costing Sony more than 100 billion yen ($957 million).
Crunchyroll has 70 million free members and three million paying subscribers worldwide. The streaming service was founded in 2006 and in 2018 AT&T became its parent company.
Sony has the exclusive negotiating rights for Crunchyroll, which has more than 1,000 titles available to watch.
Sony Pictures Television acquired Funimation in 2017 and it's one million paying subscribers who are mainly based in the US.
The worldwide anime market was worth around $21 billion in 2018, according to The Association of Japanese Animations. That is 50 percent larger than it was in 2013.
Demand for at-home streaming services has grown significantly since the start of the Coronavirus (COVID-19) pandemic earlier this year.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at firstname.lastname@example.org or on Twitter @TrunksWD.