Crunchyroll could be sold to Sony
AT&T is looking to sell anime streaming service Crunchyroll in an effort to pay off its debts. Chief among prospective buyers? Sony, owner of the competing service Funimation.
According to a report by The Information, AT&T has set its price at $1.5 billion but Sony has “balked” at this. AT&T are apparently offering Crunchyroll to other parties as well.
The sale of Crunchyroll would be the latest in a series of cost-saving moves by AT&T, which sold its stake in Hulu last year and was considering selling Warner Bros Interactive Entertainment in June 2020. The money would go some way towards lessening the company’s significant long-term debt, which was at $153.4 billion by the end of June. Seems like it’d be a drop in the ocean, however!
This development probably doesn’t bode well for AT&T, especially given the major layoffs that recently took place at Warner Media.
Join The Discussion
Rice Digital Discord
Rice Digital Twitter
Rice Digital Facebook
Or write us a letter for the Rice Digital Friday Letters Page by clicking here!
Disclosure: Some links in this article may be affiliate links, which means we may earn a small commission if you make a purchase after clicking on them. This is at no additional cost to you and helps support Rice Digital!
- Magikarp manhole covers installed in central Japan to celebrate koi culture - November 30, 2020
- SaGa Frontier Remastered announced for 2021 - November 30, 2020
- Uri Geller retracts two decade ban on Kadabra Pokémon cards - November 30, 2020
