News
Crunchyroll is 'Evaluating Rights' Regarding Nozomi Entertainment Following Purchase of Right Stuf
posted on by Alex Mateo
ANN reached out to acquisition of anime retailer Right Stuf. Crunchyroll responded that there is no news about Nozomi Entertainment at this time as they "evaluate all of the rights." The company has no other updates at this point regarding Right Stuf's anime licensing and home video division, and reports that it will be "business as usual."
Right Stuf and Nozomi Entertainment's dub or release.
Crunchyroll announced on Thursday that it has purchased anime retailer Right Stuf to expand its eCommerce service. The purchase will widen Crunchyroll's eCommerce product offering with extensions in home entertainment and manga categories. The companies did not disclose the of the deal.
The original announcement did not mention Right Stuf's licensing division Nozomi Entertainment. However, Nozomi Entertainment shared the announcement on Twitter.
The Right Stuf website confirmed that it will continue to sell products from different companies with the exception of "Erotica products." The companies are phasing out the erotica genre content and product following their unification. All existing Right Stuf orders will be honored, and the website will keep its address. All 18+ erotica orders are being transferred to EroAnimeStore.com. The original announcement did not mention Right Stuf's Critical Mass adult label.
Right Stuf teased that there may be future products, features, and benefits related to Crunchyroll in the future. Right Stuf and Crunchyroll stores will continue to operate separately "for the moment."
Right Stuf CEO Shawne Kleckner and the Right Stuf team are ing Crunchyroll's Emerging Businesses organization, led by Terry Li.
Sheppard Mullin Richter & Hampton LLP advised Crunchyroll and Sony Pictures Entertainment, and Hennepin Partners and Lathrop GPM advised Right Stuf for the transaction.
completed its acquisition of Crunchyroll from AT&T on August 9 last year. The purchase price was US$1.175 billion, and the proceeds were paid in cash at closing.
Funimation's home video releases are also becoming listed under Crunchyroll.
Crunchyroll and Funimation first announced the reported that October that Sony was in final negotiations for the Crunchyroll acquisition. At that time, the newspaper reported that Sony "could end up spending more than 100 billion yen ($957 million)."
Right Stuf was founded in 1987 as an anime retailer.
Right Stuf and Nozomi Entertainment previously announced a partnership with Funimation to stream titles in July 2019.
Sources: Email correspondence, Dirty Pair Kickstarter
