Sony Corporation is negotiating with AT&T to buy American Crunchyroll service to broadcast Japanese animation over the Internet for $ 957 million.
According to the Nikkei economic newspaper, Crunchyroll has 70 million subscribers worldwide, and its acquisition will allow the Japanese entertainment and electronics group to strengthen its competitiveness in the face of global companies such as “Netflix.”
Sony, which won the exclusive right to negotiate the purchase of Crunchyroll, hopes to harness this new channel to distribute its entertainment content of films and music.
A Sony spokesman declined to comment.
Sony bought Animation Productions, which has 1 million free subscribers, for Animation Productions, for $ 143 million in 2017.
The company is boosting its gaming and entertainment business as part of CEO Kenichiro Yoshida’s strategy to consolidate revenue streams that can mitigate the impact of equipment sales fluctuations.
Sony this week raised its forecast for annual earnings, as gaming activity continues to attract demand related to home stalemate, while the Japanese animated film “Demon Slayer” – which Sony Music Unit is participating in distributing – witnessed a strong public turnout at its launch in Japan. .
These were the details of the news “Animation” deal worth $ 957 million for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.