Saturday, 17 February 2024 18:00

What Does the Crunchyroll-Funimation Merge Mean For The Industry?

Written by Naledi Ramphele
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Crunchyroll's merge with Funimation has had major consequences for fans, eliciting a conversation about the ownership of media.

On Wednesday, February 7, 2024, Crunchyroll announced that the Funimation streaming platform will cease functioning in April, a consequence of the former's absorption into Sony's Funimation Global Group from AT&T. The acquisition was worth US$1.175 billion, and at the time, it was not clear how the merger would affect the services of either the Crunchyroll or the Funimation streaming platforms. Funimation's statement on the matter set out to reassure users that they would remain the top priority, with the goal being the creation of a unified anime subscription experience complete with a comprehensive library of titles.

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