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CR in debt?!
Posted 3/17/08 , edited 3/17/08
CrunchyRoll Faces $4.05 M in VC; Also Faces Copyright Issues
February 27, 2008 — 11:41 PM PST — by Mark 'Rizzn' Hopkins —

Allen Stern pointed out a new video sharing site I’d not yet heard of (and I figured I’d heard of just about every single one of them) - CrunchyRoll. It’s an interesting story, too. The company has fallen on hard times lately, and still in the midst of it managed to land a $4.05 million Series A venture round today.

Dubbed the Asian YouTube, the site seems to have content focused primarily around otaku-fare, but also a strong contingent of music-centric content.

The problems for CrunchyRoll come in the form of copyright, an issue facing almost every embedded video provider. The stickier parts of this come in when you consider that most of the copyrighted materials are anime, and as we’ve discussed in the past here at Mashable, the anime industry isn’t quite sure whether to embrace or sue to hell and back the anime pirate community. Certainly, it is in their best interests to let certain parts of the anime pirate community flourish a bit, since that is what has driven it’s initial success in the Americas. On the other hand, having no piece of the pie can’t be good for the future of their business.

What’s unclear is how long CrunchyRoll can sustain their roll. Tony Hung pegs their monthly income at around $75k a month, which may not be adequate justification for a $4M funding round. CrunchyRoll has done several things to quell the compounding problems of copyright - like removing the ads from content and dis-allowing remote embeds. Conventional wisdom says that these are not winning strategies for video embed sites. Will the VCs lose their shirts on this one? Unless all us analysts are completely mistaken, all signs lead to yes.
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P.S.

This is my first time creating a topic. If I didn't do this right, mods, please let me know!

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Sorry guys, I didn't mean to scare you! I asked the people who wrote the article and it was that CR had gotten $4.05 million Series A venture(whatever that is). Congrats Shinji (I think). Apparently, it's a good thing!

edit~ Mimichan17
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Posted 3/17/08
hmmmm i would give it money but with the money i get i feel happy just to buy a kitkat a week lol
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Posted 3/17/08
Um, I think a thread about this was created a few days ago too. If I recall correctly, I think it was CR that had the $4 million dollars and not that they were in debt.

http://www.animenewsnetwork.com/news/2008-03-11/video-site-with-unauthorized-anime-gets-us$4m-venture

Crunchyroll, a video-streaming website known for offering anime titles without authorization, secured a capital investment of US$4.05 million.

^ I quoted that straight from the article in ANN. So I'm confused, does CR have the 4 million bucks or do they owe it??
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Posted 3/17/08
let's all donate even just 1 cent!!! huhu poor cr.
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Posted 3/17/08
anime_otaku-nerd, you are correct, it means crunchy has the money, not owe it.

In business terms, a capital investment either refers to the money used to buy fixed assets or the money invested to buy them. Most of this probably comes from donations...

I think Shinji would have closed the site a long time ago if the site was really several million dollars in debt.
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Posted 3/17/08
Video Site with Unauthorized Anime Gets US$4M Capital
posted on 2008-03-11 13:25 EDT
Crunchyroll obtains capital, plans to insert ads, gets its first authorized stream

Crunchyroll, a video-streaming website known for offering anime titles without authorization, secured a capital investment of US$4.05 million.

yeah..anime_otaku is correct..just visit that link over her comment..CR got owned $4M already...and besides..if cr is on big debt..shinji and the rest will just stay away from maintaining this site and would come up to be closed site long time ago...
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Posted 3/17/08
yeh let's donate
Posted 3/17/08
Eh, I have always said the growth of the site will be it's downfall since almost everything on it is illegal >.<
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Posted 3/17/08
Start a company and have the smart ones from CRoll work for it through the internet!
Not only do I get an income of money, Shinji can start his own business!

Dunno what the business can be...


Shichifukujin wrote:

Eh, I have always said the growth of the site will be it's downfall since almost everything on it is illegal >.<


And how wrong you were. (If this is true)
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Posted 3/17/08
I wanna try to donate too!
Posted 3/17/08

Gabcom wrote:

Start a company and have the smart ones from CRoll work for it through the internet!
Not only do I get an income of money, Shinji can start his own business!

Dunno what the business can be...


Shichifukujin wrote:

Eh, I have always said the growth of the site will be it's downfall since almost everything on it is illegal >.<


And how wrong you were. (If this is true)


If what is true... the 4million dollar deal or whatever? That is true.. it was posted a few days ago. I don't see how that makes me wrong
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Posted 3/17/08
wth is that 4.05 millin dollars debt? give me a break! qoute me if somthing comes out
Posted 3/17/08
wit 4 million dollars? crunchy roll should offer a scholarship. lol
Posted 3/17/08

maxxus0923 wrote:

wth is that 4.05 millin dollars debt? give me a break! qoute me if somthing comes out


The 4 Million dollars is money they have gotten.. the problem that might be an issue is that almost everything on CR is on the site illegally. That is what he is saying.
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Posted 3/17/08

Shichifukujin wrote:


Gabcom wrote:

Start a company and have the smart ones from CRoll work for it through the internet!
Not only do I get an income of money, Shinji can start his own business!

Dunno what the business can be...


Shichifukujin wrote:

Eh, I have always said the growth of the site will be it's downfall since almost everything on it is illegal >.<


And how wrong you were. (If this is true)


If what is true... the 4million dollar deal or whatever? That is true.. it was posted a few days ago. I don't see how that makes me wrong


4 million dollar deal = Shinji becomes awesomely rich.
Growth of the site = downfall?
"I have always said the growth of the site will be it's downfall"

???
Profit or Downfall?
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