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AT&T’s Crunchyroll buys majority stake in VIZ Media Europe

Y2kTheNewOldies

Y2kTheNewOldies

https://www.fiercevideo.com/video/at-t-s-crunchyroll-buys-majority-stake-viz-media-europe


https://www.fiercevideo.com/video/at-t-s-crunchyroll-buys-majority-stake-viz-media-europe

Crunchyroll, an anime streaming service run by Otter Media, which is part of AT&T’s WarnerMedia division, signed a deal to acquire a majority stake in VIZ Media Europe.

Financial terms of the deal were not disclosed. The companies said they still need to meet certain closing conditions, including antitrust clearances.

The companies said the deal will allow Crunchyroll's global platform to be combined with VIZ Media Europe Group's EMEA-wide network of partners, distributors and licensees.

"Crunchyroll and VIZ Media Europe Group will bring together significant expertise, capabilities, and dedication to grow and promote our respective licensed and original content," said Joanne Waage, general manager of Crunchyroll, in a statement. "We look forward to learning from and collaborating with our new colleagues in Paris, Lausanne and Berlin, so we can continuously create the most engaging experiences for anime and manga communities around the world."
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AT&T to expand into Europe for Warner content deal with VIZ Media.
 
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