Crunchyroll Gets New Japanese Investment

Crunchyroll has announced that Japanese television network TV Tokyo has contributed $750,000 to acquire a minority stake of the video streaming company. TV Tokyo President and Co-CEO Masayuki Shimada said, “This investment fits with our three ‘challenge goals’ of cultivating new hits, developing our rights business, and discovering new revenue areas. Through Crunchyroll now more than ever before, we will be able to cultivate new programs to a worldwide audience, strategically plan a global rights business, and leverage Crunchyroll’s innovation to discover new ways to generate revenue.”