Crunchyroll and Funimation announced on Tuesday that the two streaming platforms—along with Funimation subsidiary Wakanim and Crunchyroll's VRV service—have merged under the Crunchyroll brand. Funimation Global Group, LLC, which acquired Crunchyroll from AT&T in August 2021, is rebranding as Crunchyroll, LLC to complete the consolidation.

Many Funimation titles were made available on Crunchyroll at the time of the announcement. Series in progress on Funimation will be updated as new episodes premiere, but new titles will be released exclusively on Crunchyroll beginning with the Spring 2022 season.

The Crunchyroll brand began as a California-based video streaming service in 2006, and has expanded to include licensing, manga, mobile games, merchandise, and original animation production. Its streaming platform serves over 120 million registered users and 5 million paid subscriptions in over 200 countries, and currently offers over 40,000 episodes from 1,000 anime series.

Sony Pictures Television acquired a 95% stake in Texas-based entertainment company Funimation for US$143 million in July 2017. Founded by Gen Fukunaga in 1994, Funimation specialized in the licensing, distribution, and dubbing of East Asian media—primarily anime.

In September 2019, Sony merged Funimation with Sony Music Entertainment (Japan) Inc. subsidiary Aniplex's France-based Wakanim and Australia-based Madman Anime Group. This established the Funimation Global Group that announced its acquisition of Crunchyroll in December 2020—a move that led to Tuesday's unification of platforms under the Crunchyroll name.

Source: Press Release