Funimation and Crunchyroll to Become One Company After Sony Acquisition

By | August 9, 2021

Big news in the anime space as Crunchyroll and Funimation are now one company after Sony Group purchased Crunchyroll from AT&T. The deal was worth roughly $1.175 billion and AT&T will use the proceeds to reduce its debt. The acquisition was first announced in December 2020 with it becoming official today.

“We are very excited to welcome Crunchyroll to the Sony Group,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation. “Anime is a rapidly growing medium that enthralls and inspires emotion among audiences around the globe. 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.  We look forward to delivering even more outstanding entertainment that fills the world with emotion through anime.”

Crunchyroll confirmed that the two companies are now one and that they’ll start bringing the two teams together to give fans more anime and will answer questions in the near future as the details continue to get hashed out. As Funimation notes, “for now it is anime-as-usual on both services” until things change.

“Crunchyroll adds tremendous value to Sony’s existing anime businesses, including Funimation and our terrific partners at Aniplex and Sony Music Entertainment Japan,” said Tony Vinciquerra, Chairman and CEO of Sony Pictures Entertainment Inc. “With Crunchyroll and Funimation, we are committed to creating the ultimate anime experience for fans and presenting a unique opportunity for our key partners, publishers, and the immensely talented creators to continue to deliver their masterful content to audiences around the world.  With the addition of Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose, from theatrical, events, home entertainment, games, streaming, linear TV — everywhere and every way fans want to experience their anime. Our goal is to create a unified anime subscription experience as soon as possible.”