The Company´s name is yet to be revealed.

Sumitomo Corporation has announced that they have made a partnership with Crunchyroll, one of the most famous Official Anime Streamers out there. In order to make a company who can Co-Produce Anime.

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This move will enable them to get the Rights right from the get-go and promotion that anime in the west in a more efficient way.

Here it is the Press release.

Crunchyroll, Inc., the leading global destination and platform for Japanese content, and Sumitomo Corporation, one of Japan’s major integrated trading and investment business enterprises, today announced a new joint venture to produce animation for the international market.

At the core of this strategic partnership is a joint venture for investing in new anime productions, which will be distributed by Crunchyroll to a global audience. Currently, Crunchyroll distributes anime immediately following Japan TV broadcast in seven languages to a global base of over 700,000 paying subscribers and 10 million viewers monthly.

Mr. Iehisa Nakamura, Corporate Officer, General Manager, of Media Division in Sumitomo Corporation says, “Crunchyroll is a leading company in the field of streaming video and is well known among anime fans overseas, with whom they have built trust and a strong bond. With this partnership, the voice of worldwide anime fans can reach anime production studios directly through the Crunchyroll platform, which I believe will produce fascinating anime for a worldwide audience as a result. We would like to contribute to the development of the anime industry by creating new anime for worldwide Japanese anime fans with Crunchyroll.”

Kun Gao, Co-Founder and CEO of Crunchyroll, says, “Sumitomo is a leader in media and lifestyle businesses. Through their operating expertise in J:COM, the largest cable business in Japan, to their investment in entertainment and movies, and their recent successes in retail and ecommerce in South East Asia, they have demonstrated a global perspective in media distribution and ecommerce. We are very excited about our partnership with Sumitomo to create new anime for fans worldwide.”

You can check the press release here.

On similar news, Funimation is doing something similar with Animatsu Entertainment.

Via: UK-Anime