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Recode: AT&T Angling to Buy Crunchyroll Parent Otter Media

I’m guessing you didn’t expect to hear that today!

Tech news source Recode reports that AT&T intends to purchase Crunchyroll parent company Otter Media in its entirety. The telecom giant currently co-owns Otter with The Chernin Group. The purchase would give AT&T full control of Crunchyroll and FullScreen, among other organizations.

According to Recode, the deal has been in the works for several years, though it was put on hold as AT&T entered negotiations to purchase Time Warner. The deal is expected to close tihs summer. AT&T is expected to give Otter Media a $1 billion valuation at time of purchase.

AT&T has reportedly invested more than $500 million to the venture since 2014.

The Chernin Group, is owned by former News Corporation executive Peter Chernin, who purchased a majority stake in Crunchyroll in December 2013. In 2014, The Chernin Group entered a joint venture with AT&T to form Otter Media. Otter Media has since taken on Ellation, which was assigned as parent to Crunchyroll.

AT&T recently completed an acquisition of Time Warner. the $85 billion deal faced opposition by the Department of Justice, who claimed that the deal was anticompetitive. On June 12, though, AT&T was given permission by U.S. District Court Judge Richard J. Leon to complete the deal.

Sources: Recode, Seeking Alpha

About the author

Samantha Ferreira

Samantha Ferreira is Anime Herald’s founder and editor-in-chief. A Rhode Island native, Samantha has been an anime fan since 1992, and an active member of the anime press since 2002, when she began working as a reviewer for Anime Dream. She launched Anime Herald in 2010, and continues to oversee its operations to this day. Outside of journalism, Samantha actively studies the history of the North American anime fandom and industry, with a particular focus on the 2000s anime boom and bust. She’s a huge fan of all things Sakura Wars, and maintains series fansite Combat Revue Review when she has free time available. When not in the Anime Herald Discord, Samantha can typically be found on Bluesky.

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