Anime-Streaming Site Crunchyroll on Sale for $1.5 Billion.

Anime-Streaming Site Crunchyroll on Sale for $1.5 Billion to Sony.

Japanese anime-streaming service Crunchyroll is going to be sold to Sony.

If Sony acquires it then it will strengthen Sony’s position in this anime niche market and add extra value to its existing Funimation anime business.

But AT&T and WarnerMedia are asking $1.5 Billion which seems so much for Sony.

According to market researchers, this price is much greater compared to other niche streaming services.

Crunchyroll is an anime-Streaming service of WarnerMedia and AT&T is its parent company. AT&T is trying to reduce some of its debt by selling this popular subscription-based anime streaming service.

Till now Crunchyroll is the world’s one of the largest anime libraries. Over 30,000 anime episodes and 1,000 titles are featured here.

But what price Crunchyroll is being demanded much more than its competitor streaming service Funimation’s estimated value.

This service is so popular for hit anime ‘The God of Highschool’, ‘JoJo’s Bizarre Adventure’, and ‘Haikyuu!’

This 14-year-old streaming site has got more than 3,000,000 subscribers by July 2020.

Selling this WarnerMedia wants to focus on its new movie streaming service HBO Max.

Japanese anime-streaming service Crunchyroll is going to be sold to Sony.

But AT&T and WarnerMedia are asking $1.5 Billion which seems so much for Sony.

According to market researchers, this price is much greater compared to other niche streaming services.

WarnerMedia has undergone a crucial change since the arrival of its chief Jason Kilar, previous CEO of TV show streaming site Hulu and the founder of Vessel, a commercial video service resembles Youtube but currently closed.

But the fans of Crunchyroll are not pleased with this news. They have showered their frustration to the comment section of the popular Youtube channel ClownfishTV. They believe Sony is the worst company for Crunchyroll to sell. They believe that will lead to more censorship and give Sony a monopoly on anime.

Source: theinformation

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