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Chernin Group reportedly buys majority of Crunchyroll

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Peter Chernin’s media company is buying a controlling interest in Crunchyroll, reports AllThingsD. The report puts the money spent at less than $100 million, noting that Crunchyroll has raised $5 million to date. Crunchyroll is specializing in the import of anime TV shows, and the company operates a growing subscription business. For more on Crunchyroll, check out my interview with the company’s CEO Kun Gao.