According to an article by Recode, a technology news site, AT&T is looking to purchase Otter Media which is the parent company of the popular anime streaming site Crunchyroll. After spending $85 billion on a merger with Time Warner Cable, AT&T is looking to acquire full ownership of Otter Media as early as this summer. AT&T currently co-owns Otter Media with Ther Chernin Group and a full acquisition would mean that AT&T would gain full control over services such as Crunchyroll and FullScreen which is a video company that started off as a YouTube network.

AT&T began working with the Chernin Group in 2014 and has reported nearly $500 million that they have invested into the joint venture. While a price for Otter Media hasn’t been established yet, analysists believe it will be somewhere north of $1 billion. 

At this time, it is uncertain what AT&T is planning to do with the services should they acquire them but this hasn’t been a well-kept secret. AT&T has made it known since November of last year that they had a vested interest in acquiring Otter Media entirely. Right now, AT&T is merely waiting for the entirety of the Time Warner deal to settle before they move on with this purchase. 

About The Author

Josh Piedra

Josh (or J.J. as some have come to call him), is a long-time geek culture enthusiast with a deep passion for anime, manga and Japanese culture. Josh also has a Bachelor of Arts in Game Design and is a creative writer who has created original content for over 20 years! He is also the author of the original English light novel Final Hope.