Sony’s Funimation completes $1.175bn acquisition of anime platform Crunchyroll

The Sony owned Funimation Global Group has completed its acquisition of the anime platform, Crunchyroll from AT&T in a deal that closed out at $1.175bn.

Finalising a deal that was first detailed in December 2020, it now sees the Crunchyroll business welcomed into the Funimation fold – a partnership made up of Sony Pictures Entertainment and Sony Music Entertainment Japan.

The deal – valued at $1.175bn – arrives in recognition of the pace at which the popularity of anime is growing among audiences the world over.

“The alignment of Crunchyroll and Funimation will enable us to get even closer to the creators and fans who are the heart of the anime community,” said Kenichiro Yoshida, chairman, president, and chief executive officer, Sony Group Corporation.

“We look forward to delivering even more outstanding entertainment that fills the world with emotion through anime.”

Crunchyroll is an anime direct to consumer service that boasts more than five million SVOD (streaming video on demand) subscribers, offering mobile games, manga, events merchandise and distribution to over 120 million users worldwide.

“Crunchyroll adds tremendous value to SOny’s existing anime business, including Funimation and our terrific partners at Aniplex and Sony Mucis Entertainment Japan,” said Tony Vinciquerra, chairman and chief executive officer, Sony Pictures Entertainment.

“With Crunchyroll and Funimation, we are committed to creating the ultimate anime experience for fans and presenting a unique opportunity for our key partners, publishers, and the immensely talented creators to continue to deliver their masterful content to audiences around the world.

“With the addition of Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose, from theatrical, events, home entertainment, games, streaming, linear TV – everywhere and every way fans want to experience their anime.

“Our goal is to create a unified anime subscription experience as soon as possible.”

Japan’s biggest anime feature movie Demon Slayer has its sights on US licensing with Lucky Helmet

The Japanese animated feature film, Demon Slayer: Kimetsu no Yaiba the Movie: Mugen Train is set to expand its licensing and merchandising presence across the US through the efforts of the IP development business, Lucky Helmet.

It will mark the first in a sweep of new IP to be brought to the region’s licensing sector thanks to the firm’s appointment by Aniplex of America Inc to represent selected titles released in North America.

Lucky Helmet is a newly launched agency focused on assisting creators, producers, and other IP owners with commercialisation strategies on existing brands, as well as with the development of new content-based franchises.

The partnership will be led by Demon Slayer, a highly anticipated film based on one of the best-selling manga series. According to the film’s official Twitter account, the film had grossed ¥28.8 billion ($277.5 million) as of December 7, overtaking the American film, Titanic. It is now the second highest-grossing film in Japan, ever, behind only Studio Ghibli’s 2002 release, Spirited Away.

The Demon Slayer film is breaking records in other Asia territories as well. In China, the movie surpassed China’s Jiang Ziya to become the highest-grossing animated feature of 2020; and in Taiwan, the film quickly earned over $15 million, making it the biggest release of the year, and the highest-grossing animation release of all-time in the territory.

The movie centers on the hero Tanjiro Kamado’s efforts to save the lives of passengers aboard the Mugen Train, named after the Japanese word for infinity, on which countless people have gone missing.

The film is currently being adapted for American audiences, and is expected to release in the US in 2021 by the Sony-owned division Aniplex of America in association with Funimation.

Demon Slayer’s box-office success overseas, in the middle of a pandemic, is nothing less than extraordinary,” commented Marc Harrington, founder of Lucky Helmet.

We are incredibly excited to have the opportunity to support Aniplex on its licensing and merchandising efforts in North America, and we are confident that the film will further excite fans, and that there will be great potential for new licensing partners across many categories.”

Lucky Helmet previously announced that it had signed four-time Academy Award-nominated animation studio, Cartoon Saloon, to consult on licensing and merchandising opportunities based on its original IP, including the animated feature film, Wolfwalkers; the International Emmy Award-nominated series, Puffin Rock, and its upcoming film, Puffin Rock-The Movie.

Japan’s biggest anime feature movie Demon Slayer has its sights on US licensing with Lucky Helmet

The Japanese animated feature film, Demon Slayer: Kimetsu no Yaiba the Movie: Mugen Train is set to expand its licensing and merchandising presence across the US through the efforts of the IP development business, Lucky Helmet.

It will mark the first in a sweep of new IP to be brought to the region’s licensing sector thanks to the firm’s appointment by Aniplex of America Inc to represent selected titles released in North America.

Lucky Helmet is a newly launched agency focused on assisting creators, producers, and other IP owners with commercialisation strategies on existing brands, as well as with the development of new content-based franchises.

The partnership will be led by Demon Slayer, a highly anticipated film based on one of the best-selling manga series. According to the film’s official Twitter account, the film had grossed ¥28.8 billion ($277.5 million) as of December 7, overtaking the American film, Titanic. It is now the second highest-grossing film in Japan, ever, behind only Studio Ghibli’s 2002 release, Spirited Away.

The Demon Slayer film is breaking records in other Asia territories as well. In China, the movie surpassed China’s Jiang Ziya to become the highest-grossing animated feature of 2020; and in Taiwan, the film quickly earned over $15 million, making it the biggest release of the year, and the highest-grossing animation release of all-time in the territory.

The movie centers on the hero Tanjiro Kamado’s efforts to save the lives of passengers aboard the Mugen Train, named after the Japanese word for infinity, on which countless people have gone missing.

The film is currently being adapted for American audiences, and is expected to release in the US in 2021 by the Sony-owned division Aniplex of America in association with Funimation.

Demon Slayer’s box-office success overseas, in the middle of a pandemic, is nothing less than extraordinary,” commented Marc Harrington, founder of Lucky Helmet.

We are incredibly excited to have the opportunity to support Aniplex on its licensing and merchandising efforts in North America, and we are confident that the film will further excite fans, and that there will be great potential for new licensing partners across many categories.”

Lucky Helmet previously announced that it had signed four-time Academy Award-nominated animation studio, Cartoon Saloon, to consult on licensing and merchandising opportunities based on its original IP, including the animated feature film, Wolfwalkers; the International Emmy Award-nominated series, Puffin Rock, and its upcoming film, Puffin Rock-The Movie.