Home Kripto Sony invests $320 million to become Kadokawa’s largest shareholder
Kripto

Sony invests $320 million to become Kadokawa’s largest shareholder

Sony invests 0 million to become Kadokawa’s largest shareholder

Sony Group has announced plans to deepen its stake in Kadokawa Corporation, a major player in Japanese media, by investing approximately 50 billion yen ($320 million). The move will increase Sony’s ownership to around 10%, making it Kadokawa’s largest shareholder.

The partnership aims to strengthen existing collaborations between the two companies. Sony and Kadokawa plan to work on joint investments in content production and uncovering new creative talent. The alliance builds on a history of cooperative projects and aligns with both companies’ efforts to expand their presence in the global content market.

Kadokawa, known for its diverse portfolio in publishing, anime, and gaming, also holds control of FromSoftware, the studio behind acclaimed titles like Elden Ring. This deal is expected to enhance Sony’s entertainment portfolio, which already spans games, films, music, and anime, further solidifying its position in the competitive entertainment landscape.

Related Articles

Google Postpones Launch of ‘Ask Photos’ AI Search Feature
Kripto

Google Postpones Launch of ‘Ask Photos’ AI Search Feature

Google has announced a delay in the rollout of its “Ask Photos”...

Venmo Introduces Debit Card Perks and New Checkout Options to Rival Cash App
Kripto

Venmo Introduces Debit Card Perks and New Checkout Options to Rival Cash App

Venmo, long popular for splitting bills and gifts among friends, is evolving...

TikTok Launches AI-Powered Smart Keyword Filters to Block Unwanted Content
Kripto

TikTok Launches AI-Powered Smart Keyword Filters to Block Unwanted Content

TikTok announced the rollout of its new AI-driven Smart Keyword Filters, designed...

Meta’s Move Into Nuclear Power Plant Ownership, More or Less
Kripto

Meta’s Move Into Nuclear Power Plant Ownership, More or Less

Meta announced on Tuesday that it has agreed to purchase all the...