The business world has taken note of Crunchyroll in the last few months as the company has managed to do something a lot of streaming sites haven’t in acquiring 200,000 paying members and leveraging that into new directions, especially with the launch of the manga side this week. The company currently has a few investors in it with Venrock Capital being one and TV Tokyo as well. Chernin Group is now in advanced stages of buying a controlling interest in the company which would have Venrock withdraw. At the time of the Variety article, nobody was commenting from any of the sides about it. Chernin Group is currently valuating Crunchyroll at about $100 million.
According to Variety, “In March, Crunchyroll announced that it had signed up more than 200,000 subscribers for its premium services, doubling the base in six months. The site makes a more limited selection of titles available for free. “They’re one of the few Internet video players that has been able to successfully make the leap to a subscription model,” said VideoNuze analyst Will Richmond.”
[Source: Variety]
