Crunchyroll is a video streaming site with a focus on anime, as well as being a licensor.
Founded in 2006 by a group of University of California, Berkeley graduates, Crunchyroll's distribution channel and partnership program delivers content to over twenty million online community members worldwide. Crunchyroll is owned by Ellation, a subsidiary of Otter Media (Which was originally formed as a joint venture between AT&T and The Chernin Group), and TV Tokyo.
Crunchyroll offers over 200 anime shows and more than 200 Asian dramas to users, although not all programming is available worldwide due to licensing restrictions. The site also has a growing number of manga titles available, but they're for premium users only.
On July 1st, 2016, at Anime Expo, Crunchyroll announced that is starting to do its own home video releases for some of their licensed titles, and that it will be commissioning dubs for them as well. 2 months later, on September 8th, they announced that they entered a deal with Funimation, in which they will allow cross-streams for shows both companies have licenses to, and that FUNimation will handle home video releases, in addition to also creating dubs for them.
Two years later, on October 18th, 2018, Crunchyroll and Funimation announced the formal end to their business partnership. This is mainly because Funimation was acquired by Sony, while Otter Media became a wholly-owned subsidiary of WarnerMedia after AT&T bought out all remaining ownership stakes in August 2018, including that of The Chernin Group. After re-organization, oversight of Otter Media was put under Warner Bros., allowing for increased synergy with Toonami on [adult swim] among many partnerships.