AT&T to sell anime streaming service Crunchyroll to Sony for $1.175 bn
AT&T has announced that it will be selling its anime streaming service Crunchyroll to Sony's Funimation for $1.175 billion. As per the announcement, Crunchyroll, which started out in 2006, has 90 million registered users across over 200 countries. With the acquisition, the companies aim "to broaden distribution for their content partners and expand fan-centric offerings for consumers".