Business | Japanese e-book publisher Bitway has invested $750,000 in Crunchyroll, the San Francisco-based website that streams anime and live-action Asian movies. A major distributor of electronic books, including manga, in Japan, Bitway hopes to work with Crunchyroll to develop a comics-distribution platform overseas, with an emphasis on the United States and Canada.
Crunchyroll launched in 2006 as a for-profit site, and featured among its content illegally hosted user-uploaded fansubs and bootleg anime. But in 2009, following a $4 million investment from venture-capital firm Venrock, Crunchyroll began offering only licensed content. The website reportedly attracts 6 million unique visitors a month. [Anime News Network]