Peter Kafka

Recent Posts by Peter Kafka

Chernin Group Buying Majority Stake in Crunchyroll, the Anime Subscription Site

crunchyrollThe 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.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik