Sony Pictures Television and AT&T confirmed in a press release that AT&T has sold Crunchyroll to Funimation Global Group, LLC. Funimation is a joint-venture between Sony Pictures Television and Aniplex, a subsidiary of Sony Music Entertainment (Japan). The purchase price was announced to be $1.175 billion.
The Funimation Global Group currently encompasses Funimation, Wakanim (servicing Europe), and AnimeLab (servicing Australia).
Crunchyroll is an anime streaming service with over 3 million subscribers and available across 200+ countries and territories with access to one of the largest collections of licensed anime. Its services also extend to anime merchandise, mobile games, and manga. Funimation’s streaming service with over 1 million subscribers offers over 700 anime series and is known for releasing simulcast dubbed content, film distribution, merchandise, live events, and more. With the combination of foreign language subbing and dubbing of Japanese anime, Crunchyroll and Funimation will provide the opportunity to broaden anime distribution for content partners and expand their offerings to consumers.
No further details have been provided as the streaming platforms Crunchyroll and Funimation will continue to operate independently while the acquisition undergoes regulatory approvals and deal closing.
Source: Sony Pictures
Edited 12/9/2020 5:04PM PST for clarity