Sony Reportedly in Talks to Acquire Crunchyroll Anime Streaming Service

Posted on the 30 October 2020 by Thiruvenkatam Chinnagounder @tipsclear

Sony is reportedly in talks to buy AT & T's US anime streaming service Crunchyroll. The potential acquisition, which Nikkei announced on Friday, could cost Sony $ 957 million and put the tech giant in closer competition with Netflix, Hulu, and other streaming services.

Sony produces its own anime, including Demon Slayer, but has reportedly licensed it for streaming services. The acquisition would give Sony access to Crunchyroll's 1,000 titles and 30,000 episodes, according to the Nikkei report.

For more of that

Subscribe to the CNET Now newsletter to receive the most important stories of the day from our editors.

Crunchyroll announced this summer that there are 3 million paid subscribers and more than 70 million registered users worldwide. Founded in 2006 and based in San Francisco, the company has been part of WarnerMedia from AT&T since 2018.

Sony and AT&T did not immediately respond to requests for comment.

Source link