Sony seeks to acquire Crunchyroll for nearly $ 1 billion

10/31/2020 Entertainment

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For what we heard for the last time WarnerMedia he was supposedly downloading his anime streaming service, Crunchyroll to Sony Pictures Entertainment, for at least USD $ 1 billion. Now, the companies have reportedly entered the final stages of their negotiations.

Sony is known for its wide range of entertainment. Music houses, movies, games and even the highly anticipated PlayStation 5, the company is forecast to hit $ 4.79 billion for the fiscal year ending March (via Nikkei Asia).

By acquiring Crunchyroll, Sony will get its entire anime library, consisting of 1,000 titles, including the popular JoJo’s Bizarre Adventure, Haikyuu! Y Elder Magnus’s girlfriend. It will also earn the streamer’s 3 million subscribers. This is in addition to Sony’s 95 percent stake in another anime streaming service, Funimation; which has licensed hits like Fullmetal Alchemist: Brotherhood, Attack on Titan, Cowboy Bepop Y Free!.

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So far, Sony has already licensed its anime produced through Aniplex Inc, as Demon Slayer: Kimetsu no Yaiba, The Millionaire Detective – Balance: UNLIMITED Y The promised neverland, to other anime vaporization services. With the Crunchyroll library, Sony will increase its entertainment offerings and place it on an equal footing in the streaming market that is currently dominated by Netflix and HBO Max.

If the deal goes through, Sony will spend more than 100 billion yen ($ 957 million) to acquire Crunchyroll from AT&T. This will allow Sony to gain its 70 million members worldwide and 3 million paying subscribers.

According to the Japanese Animation Association, in 2018, the global anime market was worth around USD $ 21 billion, which is 1.5 times that of five years earlier. The foreign anime market accounts for almost half of the total demand.

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Following this trend, Netflix has also announced 16 new titles in its exciting anime lineup for 2021. These include an anime adaptation of a hit comedy manga. The way of the householder and the previous exclusive DVD and Blu-Ray Thus spoke Kishibe Rohan.

Fumiko is an avid fan of spreading herself too thin and drowning in too many fandoms. She would love to spend all day reading fanfiction at home and crying.