WarnerMedia is looking to offload Crunchyroll, its anime-focused streaming service
A deal for Crunchyroll would add to Sony's existing Funimation anime business, but the source says that Sony's offer is less than what WarnerMedia was hoping to fetch for the company.
, which first reported on the sales talks, said WarnerMedia's price tag for Crunchyroll is $1.5 billion. Representatives for Otter Media, the WarnerMedia division that houses Crunchyroll, and Sony declined to comment. Kilar, who previously ran Hulu and short-lived video business Vessel, is quickly making WarnerMedia his own after joining the company in May. In early June, reports emerged that the company was looking to sell gaming unit Warner Bros. Interactive Entertainment. Then,, he announced a sweeping reorganization that included the ouster of entertainment executives Bob Greenblatt and Kevin Reilly and created a new Ann Sarnoff-led division that encompasses both its studios and networks business.
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