Sony Group mentioned on Thursday it’s going to make investments about JPY 50 billion ($320 million or roughly Rs. 2,722 crore) to amass new shares of Kadokawa, elevating its stake within the Japanese media powerhouse to round 10 % and turning into Kadokawa’s high shareholder.
Via the capital alliance, Sony and Kadokawa, which have already labored collectively on varied tasks, plan to strengthen their collaboration, similar to joint investments within the content material area and joint discovery of latest creators, they mentioned.
The deal is prone to bolster Sony’s leisure portfolio, which spans video games, motion pictures, music and anime, with Kadokawa controlling FromSoftware, which has a observe report of well-received video games together with “Elden Ring”.
© Thomson Reuters 2024
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