First  Prev  1  2  Next  Last
Chernin Group In Talks to Acquire Control ofCrunchyroll
20039 cr points
Send Message: Send PM GB Post
Offline
Posted 10/30/13


So I just read about this, and wondering what will this mean for the site?
29118 cr points
Send Message: Send PM GB Post
83 / F / Bite the pillow.
Offline
Posted 10/30/13 , edited 10/30/13
Here's the story in case anyone wanted to read it:

- Chernin Group Buying Majority Stake in Crunchyroll, the Anime Subscription Site
- http://allthingsd.com/20131030/chernin-group-buying-majority-stake-in-crunchyroll-the-anime-subscription-site/

The Chernin Group is buying a controlling interest in Crunchyroll, the Web video site that specializes in selling subscriptions to Japanese animation. People familiar with the transaction said Peter Chernin’s investor group is buying a majority stake in a deal that will value Crunchyroll at something less than $100 million.

A rep for Chernin declined to comment.

The San Francisco-based company had raised a reported $5 million from investors including Venrock and broadcaster/producer TV Tokyo. After the deal, TV Tokyo will still have a stake in the company, along with Crunchyroll managers, including CEO Kun Gao.

Chernin, the former chief operating officer at News Corp., has made a variety of bets on both Web video companies (see: Fullscreen) — and companies that specialize in Asian markets (see: CA Media).

The Crunchyroll deal neatly ties together both themes: The company has more than 200,000 subscribers paying up to $7 a month, primarily for Japanese anime.


FYI ... 200,000 x 7 = $1,400,000.
Posted 10/30/13 , edited 10/30/13
Is this a good thing or a bad thing?


Posted 10/30/13 , edited 10/30/13
Here's my two cents: As long as it doesn't fuck up the way I watch anime or prevents Crunchyroll from getting any more licenses to stream on their site; I don't really have an opinion to state.

Regardless, I'm neutral on the subject as of right now because I don't know how to take the information, and don't know whether or not it's a good or bad move. I'll just have to have hope, and hope that whatever the outcome is benefits Crunchyroll's future.
18054 cr points
Send Message: Send PM GB Post
U.S.
Offline
Posted 10/30/13
Oh, shinji hits a jackpot. Like the guy from myspace. Who was he? Tom?
36990 cr points
Send Message: Send PM GB Post
31 / M / Bellingham WA, USA
Offline
Posted 10/30/13 , edited 10/30/13
There's a lot of ways that they could improve Crunchyroll and a lot of ways that they can **** things up. We'll see how it plays out I guess.

Most of the things I'd like to see improved lie in the social aspects of how the site is run. Maybe some full time professional community managers to moderate the forums (if they don't get rid of them), and clean house on all the 2007 era garbage that clutters the site focusing more on generating subscribers rather than having a social forum for free users.

Plus having the capital to outbid the competitors for various series each season and being able to pour more money into the servers and the tech side of things would be pretty cool.

I can't even speculate on what could go wrong. Cashing out and handing the reigns over to a media conglomerate is a pretty huge deal. I just hope that they like the current business model because I would not be pleased to have to pay more money per month or have to start dealing with ads like hulu where even subscribers get the short end of the stick.
Posted 10/31/13


Nicuuuuuuuuu

Anime better get better and more addictive coz AOT did good
36990 cr points
Send Message: Send PM GB Post
31 / M / Bellingham WA, USA
Offline
Posted 10/31/13
Wow Extended Discussion should be renamed "Discussion Graveyard." This is a pretty big deal for the site and the thread has less than 10 replies
17873 cr points
Send Message: Send PM GB Post
52 / M / In
Offline
Posted 11/1/13
well just who is The Chernin Group and why do they want crunchyroll?
9809 cr points
Send Message: Send PM GB Post
32 / F / Trost
Offline
Posted 11/1/13
Well....okay...not really sure what that means for me as a customer. I really like CR and want it to continue. If they really are going to buy CR, I hope it doesn't mean bad news for us. I would like to keep supporting anime and manga and I would hope that a big chunk of what I am spending continues to go to supporting the artists and manakas. :/
29118 cr points
Send Message: Send PM GB Post
83 / F / Bite the pillow.
Offline
Posted 11/6/13

uncletim wrote:

well just who is The Chernin Group and why do they want crunchyroll?


Peter Chernin (born May 29, 1951) is the Chairman and CEO of The Chernin Group (TCG), which he founded in 2009. TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors. Specifically, the company focuses on three areas: developing premium content for film and television, making investments in technology and media companies in the U.S., and capitalizing on strategic business opportunities in emerging markets, especially Asia.

In April 2012, Chernin sold a minority stake of TCG to strategic investment partners Providence Equity Partners, a leading private equity firm, and other private investors.

Chernin sits on the Boards of American Express, Twitter, Pandora and Friends of the Global Fight Against AIDS, Tuberculosis and Malaria. He is also Chairman of Malaria No More and a Trustee of Malaria No More UK, non-profits dedicated to ending deaths due to malaria.

In April 2013, Chernin made a bid of around $500 million for Hulu, a popular online video streaming service.

Chernin has donated over $100,000 to the Democratic Party, candidates & associated organizations, as well as hosting Barack Obama at home for a fundraiser in 2013. - http://en.wikipedia.org/wiki/Peter_Chernin
17873 cr points
Send Message: Send PM GB Post
52 / M / In
Offline
Posted 11/6/13

Hairbelly wrote:


uncletim wrote:

well just who is The Chernin Group and why do they want crunchyroll?


Peter Chernin (born May 29, 1951) is the Chairman and CEO of The Chernin Group (TCG), which he founded in 2009. TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors. Specifically, the company focuses on three areas: developing premium content for film and television, making investments in technology and media companies in the U.S., and capitalizing on strategic business opportunities in emerging markets, especially Asia.

In April 2012, Chernin sold a minority stake of TCG to strategic investment partners Providence Equity Partners, a leading private equity firm, and other private investors.

Chernin sits on the Boards of American Express, Twitter, Pandora and Friends of the Global Fight Against AIDS, Tuberculosis and Malaria. He is also Chairman of Malaria No More and a Trustee of Malaria No More UK, non-profits dedicated to ending deaths due to malaria.

In April 2013, Chernin made a bid of around $500 million for Hulu, a popular online video streaming service.

Chernin has donated over $100,000 to the Democratic Party, candidates & associated organizations, as well as hosting Barack Obama at home for a fundraiser in 2013. - http://en.wikipedia.org/wiki/Peter_Chernin

so he just wants another feather in his cap I wonder if he even knows what anime is?
24325 cr points
Send Message: Send PM GB Post
28 / M / wherever my work...
Offline
Posted 11/6/13
This is going to be interesting... My only question is how will this affect the subscribers' decisions that have made Crunchyroll the way it is now and are they going to change everyone's current subscription plans based off this purchase?
Derid 
53135 cr points
Send Message: Send PM GB Post
Offline
Posted 11/9/13
Erm. Well, grats to CR stakeholders for getting their cash out.

As for the new owners... whenever ownership changes hands, its always an unknown. On the upside CR will probably get more titles. Thats probably why there were more simulcasts than usual it seems this season - deal had probably already been struck but not announced.

Downside... who knows. Maybe CR continues same with more resources, maybe some MBA bean counter gets installed and screws it all up. Only time will tell.

Cant say im thrilled to further enrich someone who would host fundraisers for Obama.
31331 cr points
Send Message: Send PM GB Post
Offline
Posted 11/14/13
This guy seems either like a guy with too much money or a vulture capitalist. I've seen some great men, companies, and inventions ruined by unchecked greed, so hopefully he at least likes anime or does this because he wants to. If this is just something to give a junior executive....um I'll send a resume?

The man at least looks like he has a fair amount of experience in intellectual property if nothing else, and I've been in enough patent suits to tell you how much of a pain that is. Regardless, copyrights/licensing are always a pain to deal with. One of the major reason I turned to anime was because of how SNY, MCAI, and DIS have abused copyright and made it almost indefinite. IIRC, steamboat willy and mickey mouse should have entered the public domain if DIS did not successfully lobby congress. Regardless, the point is if he has dealt with Hulu and other such companies, he has done his diligence (assuming hes not a total moron). He probably has a plan for acquiring such a site as well, though time will tell if its successful or not.

As long as this thread is opened, has anyone at crunchyroll heard if he plans on changing anything? Or does he have to leave things in the status quo due to contract stipulations or something similar?
First  Prev  1  2  Next  Last
You must be logged in to post.