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AT&T has finally inked a deal with Sony’s Funimation to sell Crunchyroll for $1.2 Billion. Funimation, a joint venture between Sony Pictures Entertainment and Sony Music Entertainment (Japan)โ€™s Aniplex, has been a major rival to Crunchyroll in the global market for Japanese anime fandom. AT&T, looking to reduce its debt load, has been looking for a buyer for Crunchyroll for several months.

Crunchyroll
Image Credit: Crunchyroll

Crunchyroll touts more than 3 million subscription VOD subscribers and some 90 million registered users across more than 200 countries and territories. It offers ad-supported VOD, mobile games, manga, events merchandise, and distribution. Crunchyroll says it has more than 1,000 titles and over 30,000 episodes, which it claims represents the worldโ€™s largest anime library.

We are excited to embark on this new journey. Crunchyroll has built a world-class brand with a passionate fan-base of over 3M subscribers, 50M social followers and 90M registered users. These amazing fans have helped to propel anime into a global phenomenon, Combining the strength of the Crunchyroll brand and the expertise of our global team with Funimation is an exciting prospect and a win for the incredible art form of anime.โ€

Joanne Waage, General Manager of Crunchyroll.

The Information was provided by, Variety and Crunchyroll.

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