It wasn’t long ago that fans found out about it Sony was eager to bring Crunchyroll into its growing portfolio of anime services. The parent company behind it was announced Funimation agreed to buy AT&T Crunchyroll at a high price, but the acquisition is still ongoing. After all, a lot of red tape has had to be cut, and it appears the deal has just hit another federal roadblock.
As reported by The InformationThe US Department of Justice has decided to extend its antitrust review of the proposed acquisition. The new report confirms that this expansion was given to allow the review more time to decide if Sony would win an unfair dominance over the anime industry in the states. There’s no word at the moment on how the report has gone so far, but this expansion will keep the acquisition airborne for the months to come. And if the results aren’t great, it could bring the project to a complete halt.
Justice Department lawyers are currently reviewing the deal to see how the acquisition will affect Japanese studios. The merger may limit these studios on how they can distribute shows to US audiences. The information suggests that this extension is expected to last at least six months, and an unfavorable decision could lead the Justice Department to file a lawsuit to stop the acquisition.
So far, fans seem to be on the fence about the takeover as they agree that the merger will help bring more anime to fans in a much easier way. But as the story goes, monopolies are no reason to celebrate. If Sony’s deal is able to avoid such a label, there should be little to keep it from moving forward. That is, except for a few months.
What do you think of this latest acquisition update? Do you have a problem with the merger of these companies? Let us know your thoughts in the comments section below or log on to Twitter @MeganPetersCB.