WarnerMedia is looking to offload anime-focused streaming service Crunchyroll, and Sony is among the interested acquirers, according to a source with knowledge of the talks.
The 14-year-old service passed 3 million subscribers in late July, up from 2 million at the end of 2018. That's about the same amount of retail subscribers that WarnerMedia's 2-month-old HBO Max has attracted.
But despite Crunchyroll's relative success for a niche streamer, WarnerMedia parent company AT&T has been looking to reduce its debt load.
As such, the source says that new WarnerMedia chief Jason Kilar wants to sell any assets that aren't core to the entertainment company's business.
Read more on hollywoodreporter.com
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