Sony is reportedly in talks to buy Crunchyroll for nearly $1 billion

sony crunchyroll.JPG

Sony is apparently betting heavily on streaming services, more specifically, anime-streaming. A recent report from Nikkei broke the news that Sony has entered into "final negotiations" to acquire Crunchyroll, the U.S. anime-streaming service. While the deal's exact value is not specified, the report mentions that Sony could end up spending more than 100 billion yen ($957 million). U.S. telecoms and Crunchyroll parent company AT&T was previously rumoured to ask Sony to pay $1.5 billion for the streaming service back in August. The deal apparently did not go through due to the steep price.

Sony already owns the anime distributor Funimation, which it acquired in 2017, which added 1 million paying subscribers to its userbase. Adding Crunchyroll to its portfolio would expand this number as the streaming service already has 70 million free members and 3 million paying subscribers in over 200 countries and regions. Moreover, this would mean serious competition against other popular streaming platforms like Netflix and Hulu.

:arrow: SOURCE
 

FAST6191

Techromancer
Editorial Team
Joined
Nov 21, 2005
Messages
36,798
Trophies
3
XP
28,348
Country
United Kingdom
I don't remember, I was confused about why it was MS and not YT who killed the source code.
If MS own the hosting platform (which is all github is) then they are duty bound to remove it following a DMCA complaint lest they in turn become a publisher of the material and thus open to be sued. If they are just a hoster of things, aka a platform in parlance of the DMCA, then they are not open to be sued -- for as stupid as much of the DMCA is they did at least realise that having your hosts sued for stuff they did not necessarily know was on their servers makes it unworkable.
Equally while youtube might be wronged in a sense they a) have money , b) have an agreement with the music industry (it was quite famous when it was struck, mostly for being one sided and likely to lead to exactly what we see today on the copyright front) and c) are in some ways much like suing bit torrent when it is in fact just a distribution network. Youtube-dl is a small open source project that necessarily bypasses some protection means (even if only fig leaf strong).

To that end the RIAA, who can at least pretend to be the wronged party, sent a notice to Microsoft (who these days own github where it was hosted) who were in turn duty bound to shutter that account/site if they wished to continue acting as a platform (which they very much do).
 
  • Like
Reactions: Julie_Pilgrim

TheGodMauro

Well-Known Member
Newcomer
Joined
Sep 27, 2020
Messages
70
Trophies
0
Age
29
XP
964
Country
Venezuela
Maybe a lawyer can clear things up, but aren't there supposed to be anti-monopoly laws in place so that single corporations won't own everything under the sun? (In this case, Sony already owns another anime streaming service iirc).
I'd be nice if someone with expertise in the area could explain what is the breaking point when a company starts to be legally considered a monopoly.
 
  • Like
Reactions: Julie_Pilgrim

FAST6191

Techromancer
Editorial Team
Joined
Nov 21, 2005
Messages
36,798
Trophies
3
XP
28,348
Country
United Kingdom
Maybe a lawyer can clear things up, but aren't there supposed to be anti-monopoly laws in place so that single corporations won't own everything under the sun? (In this case, Sony already owns another anime streaming service iirc).
I'd be nice if someone with expertise in the area could explain what is the breaking point when a company starts to be legally considered a monopoly.
Monopolies, mergers and anti trust type setups vary wildly even within the same country as time goes on.
I can't see this being anywhere near such a thing though -- anime is just a style of video and there a million different video streaming services and platforms, some of which even create and commission their own stuff that falls under the banner of anime (how much has netflix done so far? Hulu? Amazon has a bit as well I believe...).

So even if someone snapped their fingers and at the stroke of midnight Sony owns Crunchyroll are anime companies going to have to bow down to Sony as the only place to get their works out by? Are Sony going to be able to dictate terms? Are they going to be able to truly punish companies for going to Cartoon Network or Netflix...
 
  • Like
Reactions: TheGodMauro

stanleyopar2000

RIP Yuzu. "It is always morally correct..."
Member
Joined
Jun 22, 2007
Messages
4,805
Trophies
2
Location
C-137
Website
www.youtube.com
XP
3,670
Country
United States
Maybe a lawyer can clear things up, but aren't there supposed to be anti-monopoly laws in place so that single corporations won't own everything under the sun? (In this case, Sony already owns another anime streaming service iirc).
I'd be nice if someone with expertise in the area could explain what is the breaking point when a company starts to be legally considered a monopoly.

Corporate oversight in the United States. LOL that's a good one.
 

driverdis

I am Justice
Member
Joined
Sep 21, 2011
Messages
2,867
Trophies
2
Age
31
Location
1.048596β
XP
2,838
Country
United States
I really hope Crunchyroll won’t drop Detective Conan if Sony buys them. FUNimation dropped them years ago and it took a long long time of fan subs that don’t make any money to get an actual licensed subtitled version.
 

Site & Scene News

Popular threads in this forum

General chit-chat
Help Users
    K3Nv2 @ K3Nv2: Lmao that sold out fast