Crunchyroll, a privately owned company headquartered in the US, is a subsidiary of Sony Pictures Entertainment. Founded in 1994, it employs approximately 560 individuals and is a tier 1 media tech buyer. The company specializes in Media and TV services, focusing on dubbing and distributing East Asian Media content. It was renamed from Funimation in March 2022 when Sony integrated its existing anime services, including Funimation and Wakanim. Since 2019, Funimation has been managed through a joint venture between Sony Pictures Entertainment and Sony Music Entertainment Japan. Crunchyroll licenses anime series and distributes them through its SVOD and AVOD streaming platforms.