AT&T Sells Anime Streamer Crunchyroll to Sony’s Funimation for $1.2 Billion

Move marks WarnerMedia's continued consolidation of streaming assets

AT&T has sold the subscription anime streaming service Crunchyroll to American anime distributor Funimation for nearly $1.2 billion as the media company looks to offload or rethink smaller streaming assets to double down on building out all-purpose streamer HBO Max.