Sony Just Made A Big Move With Elden Ring Parent Company But It’s Not The Rumored Buyout
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Sony Just Made A Big Move With Elden Ring Parent Company But It’s Not The Rumored Buyout

Sony Just Made A Big Move With Elden Ring Parent Company But It’s Not The Rumored Buyout

Sony Group has agreed to purchase greater than 12 million extra shares in Elden Ring mother or father firm Kadokawa Company, with Sony turning into Kadokawas’s largest shareholder. Sony will personal 10% of Kadokawa’s shares after shopping for 12,054,100 new shares for about 50 billion yen ($319 million USD).

Sony Group said it plans to purchase the shares on January 7, 2025. It follows on from Sony’s earlier acquisition of Kadokawa shares in February 2021.

Sony and Kadokawa have labored collectively on numerous initiatives all through the years, and rumors swirled recently that Sony may need been plotting to purchase the corporate outright. That is not occurring, although, a minimum of not at this stage.

As a part of the deal, Sony mentioned it is going to work collectively to adapt a few of Kadokawa’s franchises for international and TV dramas and live-action movies, although no specifics initiatives had been introduced. Sony can even co-produce Kadokawa anime initiatives and “additional broaden” its publishing efforts for Kadokawa’s video games.

From Software program’s Elden Ring is one in all Kadokawa’s largest gaming initiatives, and the sequence continues in 2025 with the debut of the standalone sport Elden Ring Nightrein. Past gaming, Kadokawa is understood for media franchises like Re: Zero and Scrumptious in Dungeon, amongst quite a few others.

Sony can also be closely invested in Fortnite studio Epic Video games. In 2022, Sony invested greater than $1 billion into Epic Video games to assist create the metaverse, which adopted on from a $200 million funding in 2021 and $250 million in 2020. All up, Sony has invested greater than $1.45 billion into Epic Video games, which is about 4.5X greater than it simply agreed to take a position into Kadokawa.

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