This post was originally published on this site
Sony Corp. agreed to a more than $1 billion deal to buy online animation service Crunchyroll from AT&T Inc., according to a person familiar with the matter.
The deal, which could be announced as soon as Wednesday in the U.S., would bolster the already large library of Japanese animated content that Sony already owns through its rival Funimation service. Its terms require that AT&T T, +2.11% take down the Crunchyroll content it has been hosting on HBO Max once the transaction closes, the person said. Some details of Sony’s SNE, +0.81% pending purchase were reported in October by Nikkei News.
