Chernin Group Acquires Stake in Anime-Streaming Website
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Chernin Group, led by former News Corp. executive Peter Chernin, acquired a majority stake in Crunchyroll Inc., adding to a portfolio of Web companies with a site that streams Japanese cartoons.
Crunchyroll, founded in 2007 and based in San Francisco, lets customers view free videos and offers subscriptions that start at $6.95 per month for expanded programming. Financial terms of the deal weren’t disclosed. The company’s senior management will keep a “significant” stake along with TV Tokyo, an existing investor, according to a statement yesterday.