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Business deals

Sony acquires US anime-streaming service Crunchyroll for $1.175bn

Deal with AT&T gives Japanese company access to 90m customers around the world

Sony will make Crunchyroll a fully owned subsidiary by purchasing all its shares from parent AT&T. (Photo by Akira Kodaka) 

TOKYO -- Sony will acquire U.S. anime-streaming service Crunchyroll for $1.175 billion from AT&T, the Japanese electronics company said Thursday, gaining access to Crunchyroll's 90 million-plus members around the world.

The move represents an attempt by Sony to develop its subscription business while also strengthening its ability to create original content. The company is behind hot-selling anime like "Kimetsu no Yaiba" ("Demon Slayer") and licenses such content to streaming services.

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