Sumitomo Corporation of Americas, a subsidiary of the Japanese trading company Sumitomo Corporation, announced a strategic partnership on Wednesday with The Chernin Group, a media company run by former News Corporation executive Peter Chernin.
Crunchyroll and Sumitomo Corporation previously announced a partnership in October 2015 to create a company focused on funding anime co-production projects.
The Chernin Group and AT&T formed the joint venture Otter Media in 2014, and it operates Crunchyroll’s parent company Ellation.
The Chernin Group acquired a majority stake in Crunchyroll in December 2013.