Chernin Group takes control of Crunchyroll

Crunchyroll, an online video company focused on streaming Japanese animation, sold a majority stake to the Chernin Group. The investment group, led by former Fox executive Peter Chernin, confirmed the transaction Monday, but did not say how much it paid. According to a report in the New York Times, the investment was worth less than $100 million.

In October, AllThingsD reported that the Chernin Group was in the process of buying control of the San Francisco-based Crunchyroll. The company had been financed by Venrock, TV TOKYO and a group of independent investors. 

According to the Times, Crunchyroll has amassed more than 300,000 subscribers who pay about $7 a month for access to the site. Chernin told the Times that Crunchyroll deserves "credit for building a great subscription video platform."

The Chernin Group was among those said to have been interested in acquiring Hulu earlier this year.

For more:
- read the press release 
- the New York Times had this report

Related articles: 
Comcast, Chernin Group, WPP fund Fullscreen 
Bids for Hulu said to top $1B
Hulu Plus claims 4 million subscribers

Suggested Articles

Dish Network’s AirTV today rolled out the new AirTV Mini, a 4K HDR compatible streaming stick running Android TV, priced at $79.99.

Comcast NBCUniversal has 11 new media and entertainment startups, including facial recognition and interactive sports tech companies, picked for its second…

Amino Communications today announced its acquisition of online video specialist 24i Media in a combined cash and stock deal worth €21.4 million (about $24…