financetom
Business
financetom
/
Business
/
Sony sees streaming service Crunchyroll driving growth as anime goes global
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sony sees streaming service Crunchyroll driving growth as anime goes global
May 29, 2024 9:25 PM

TOKYO (Reuters) - Sony ( SONY ) sees its anime streaming service Crunchyroll as a growth driver, the head of its movies business said on Thursday, as the group looks to ride the growth of anime outside Japan.

"Crunchyroll is going to be our primary growth driver at SPE over next few years," Sony Pictures Entertainment (SPE) CEO Tony Vinciquerra told a strategy briefing.

While the technology and entertainment conglomerate is known for its movies, games and music businesses, Sony ( SONY ) is also an anime powerhouse with Aniplex, which made the "Demon Slayer" anime, and Crunchyroll, which has 13 million subscribers globally.

The spread of the internet and streaming has made anime accessible to a wider audience, with popular franchises increasingly being targeted by global entertainment companies.

The anime market is expected to roughly double to $60 billion by 2030 with Crunchyroll moving to expand in Southeast Asia and India through Amazon Channels, which allows users to access streaming services through Amazon's interface.

Sony ( SONY ) does not have a general entertainment streaming service and has argued that its status as an independent content provider is a strength as technological change roils the industry.

Reuters reported earlier this month that Sony ( SONY ) is interested in acquiring the assets of U.S. media company Paramount Global ( PARAA ), which could boost its roster of franchises.

"Our strategy is to have more IP, more product, more library to sell," Vinciquerra said when asked about the investment strategy of the business.

Sony ( SONY ) scrapped in January a planned merger with India's Zee Entertainment that would have created a $10 billion business.

"We are looking at some other options that may or may not come to (the) fore," Vinciquerra said, without providing details.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
White Mountains Insurance Q3 Earnings Fall, Revenue Rises
White Mountains Insurance Q3 Earnings Fall, Revenue Rises
Nov 6, 2025
09:07 AM EST, 11/06/2025 (MT Newswires) -- White Mountains Insurance ( WTM ) reported Q3 earnings Thursday of $44.18 per diluted share, down from $69.68 a year earlier. Total revenue for the quarter ended Sept. 30 was $864.2 million, up from $839.1 million a year earlier. Comparable analysts' estimates were not available. ...
Modern Wealth Management Appoints Derek Bruton as Head of M&A
Modern Wealth Management Appoints Derek Bruton as Head of M&A
Nov 6, 2025
30-year industry veteran joins Modern Wealth to lead national M&A strategy, accelerate firm’s expansion across key U.S. markets MONTEREY, Calif.--(BUSINESS WIRE)-- Modern Wealth Management (“Modern Wealth”), a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced the appointment of Derek Bruton as Head of Mergers & Acquisitions (M&A)....
Microsoft launches 'superintelligence' team targeting medical diagnosis to start
Microsoft launches 'superintelligence' team targeting medical diagnosis to start
Nov 6, 2025
SAN FRANCISCO (Reuters) -Microsoft ( MSFT ) is forming a new team that wants to build artificial intelligence that is vastly more capable than humans in certain domains, starting with medical diagnostics, the executive leading the effort told Reuters. Called the MAI Superintelligence Team, the project follows similar efforts by Meta Platforms, Safe Superintelligence Inc and others that have begun...
Saga Communications Q3 sales miss estimates as political revenue declines
Saga Communications Q3 sales miss estimates as political revenue declines
Nov 6, 2025
Overview * Saga Q3 net revenue decreases 1.8% to $28.2 mln, slightly missing expectations * Company reports Q3 net loss of $532,000, impacted by music licensing settlement * Saga sells telecommunications towers for $10.7 mln, boosting cash reserves Outlook * Saga expects 2025 capital expenditures to be $3.25 - $3.75 mln * Saga intends to continue paying regular quarterly cash...
Copyright 2023-2026 - www.financetom.com All Rights Reserved