Anime News

AT&T interested in selling Crunchyroll to Funimation owner Sony for $1.5 billion

Crunchyroll's parent company is reportedly seeking to sell the streaming service for $1.5 billion. Sony Corporation was named as a potential buyer.

Crunchyroll and Funimation once had a fond relationship with one another, with many of the titles from both platforms once having been unified under VRV, another streaming platform owned by Crunchyroll parent company AT&T. Alas, the relationship was cut short due to Funimation having been bought by its current owner, Sony Pictures Television, a few years ago and chose not to renew the deal. Now it seems that the two popular anime streaming services may have a chance to reunite once more, but this time with a stronger bond.

Crunchyroll-Hime
Crunchyroll's mascot, Crunchyroll-Hime

Amongst recent efforts to restructure the company, AT&T has reportedly been looking to sell off non core assets including Crunchyroll, according to an insider tip from early Wednesday. The conglomerate wants to focus exclusively on their HBO Max streaming service on the media side of things, to go head to head with competitors like Netflix.

Talks of selling Crunchyroll have been on the table over the past year but have been put on hold due to other priorities. As talks have resumed, it’s been reported that the company is seeking out at least $1.5 billion for the anime streaming service, and one potential buyer was named in being interested in the offer; Sony Corporation. Sony has declined to comment on the news.

Crunchyroll and Funimation
Crunchyroll and Funimation

If such a deal were to go through, Crunchyroll and Funimation licensed properties could potentially be made available under a unified service once again since Funimation’s deal with VRV ended back in 2018.

via Bloomberg