It looks like the newest player in the anime market’s getting a shot in the arm.

Earlier today, HIDIVE announced that they acquired the assets of AN Online, LLC (formerly Anime Network Online). The acquisition will include a migration of subscribers from Anime Network Online to HIDIVE, and an immediate increase in outreach capabilities to users.

AN Online, LLC will cease operations after a short transition period which will see AN Online subscribers migrated to HIDIVE.

The full statement is below:

HIDIVE LLC acquired the assets of AN ONLINE, LLC (formerly operating as Anime Network Online). The acquisition will enable HIDIVE to immediately increase its paid subscriber base as well as expand its outreach to addressable users. Following a limited transition period for subscriber migration to the HIDIVEā„¢ online streaming service, AN Online will cease operations. Terms of the acquisition were not otherwise disclosed.

HIDIVE officially opened its doors yesterday as a public beta. The service is open to users across the globe, with a subscription cost of $3.99 per month for users across the globe. A seven-day trial is currently being offered to new users.

HIDIVE will offer HD streams of shows in subtitled and dubbed formats, with options to customize the player, as well as social integration features that include in-episode live chat and pinned show searches.

Today’s news comes hot on the heels of Anime Network’s announcement that they reclaimed the “” domain from AN Online, and will shift their focus toward strictly serving the VOD and cable TV markets.

Source: HIDIVE (Press Release)