Crunchyroll confirmed with ANN on Friday that since Ellation’s VRV bundle streaming service is a Crunchyroll brand, VRV is also now part of Sony following Sony‘s Funimation Global Group’s acquisition of Crunchyroll from AT&T.
Sony Pictures Entertainment and AT&T announced on Monday that Sony‘s Funimation Global Group had completed its acquisition of Crunchyroll. The purchase price was US$1.175 billion, and the proceeds were paid in cash at closing.
The announcement did not reveal how or if the individual streaming platforms would merge or plans for subscription costs for users.
Crunchyroll and Funimation first announced the acquisition in December 2020 with a purchase price of US$1.175 billion. The technology website The Information reported in August 2020 that AT&T offered Crunchyroll to Sony for US$1.5 billion and that Sony reported “balked at” the price, which…