Japanese media company KADOKAWA Corporation and entertainment giant Sony Group Corporation have signed a strategic capital and business alliance agreement. Under the deal, Sony will acquire 12.05 million new shares of KADOKAWA for approximately ¥50 billion. This acquisition will make Sony the largest shareholder of KADOKAWA, holding around 10% of its shares.
The two companies have collaborated on various projects in the past and aim to further strengthen their partnership through this agreement. They plan to expand global distribution of KADOKAWA’s anime works, co-produce anime series, and adapt KADOKAWA’s intellectual properties (IP) into live-action films and TV dramas.
The capital and business alliance is expected to enhance KADOKAWA’s IP creation capabilities and increase its media mix options globally. Sony will support the global expansion of KADOKAWA’s content offerings, allowing it to reach more users worldwide. The partnership aims to realize KADOKAWA’s “Global Media Mix” strategy and Sony’s “Creative Entertainment Vision.”
Source: https://www.sony.com/en/SonyInfo/News/Press/202412/24-1219E