If I had to guess, I would say because they would rather spend more cash on creating new content than acquiring niche content distribution that’s already out th

If I had to guess, I would say because they would rather spend more cash on creating new content than acquiring niche content distribution that’s already out there. On top of that, the target audience has a big overlap. People who use crunchyroll most likely have Netflix accounts already. So it probably wouldn’t benefit them significantly.