Sony has recently become the largest shareholder of Kadokawa Corporation, marking a significant strategic capital and business alliance. Dive deeper into the details of this pivotal agreement!
Sony Holds 10% Of Kadokawa Shares
In a move that has reshaped the landscape of their partnership, Sony has acquired approximately 12 million new shares in Kadokawa for around 50 billion JPY. Combined with shares previously purchased in February 2021, Sony now holds about 10% of Kadokawa’s total shares. Despite earlier reports in November by Reuters suggesting Sony's intent to acquire Kadokawa, the current alliance ensures Kadokawa's continued independence.
This strategic alliance is designed to bolster the relationship between the two companies, aiming to "maximize both companies’ IP value globally and facilitate wider and deeper collaboration." This will be achieved through joint investments and promotions, focusing on bringing live-action films and TV dramas of Kadokawa IPs to a global audience, co-producing anime-related projects, and expanding Kadokawa's reach through the distribution and global publication of their anime and video game works via the Sony Group.
Takeshi Natsuno, CEO of Kadokawa Corporation, expressed enthusiasm about the alliance, stating, "We are very pleased to conclude this capital and business alliance agreement with Sony. This alliance is expected to not only further strengthen our IP creation capabilities, but also increase our IP media mix options with Sony's support for global expansion, allowing us to deliver our IP to more users around the world." Natsuno is confident that this partnership will significantly benefit both companies on a global scale.
Hiroki Totoki, President, COO, and CFO of Sony Group Corporation, highlighted the synergy between the two companies, saying, "By combining KADOKAWA's extensive IP and IP creation ecosystem with the strengths of Sony, which has promoted the global expansion of a wide range of entertainment, including anime and games, we plan to work closely together to realize KADOKAWA's 'Global Media Mix' strategy, aimed at maximizing the value of its IP, and Sony's long-term vision, 'Creative Entertainment Vision.'"
Kadokawa, Rich In Notable IPs
Kadokawa Corporation stands as a major player in Japan, with significant stakes in various multimedia sectors such as anime and manga publishing, film, television, and video game development. The company boasts a portfolio of renowned anime IPs, including Oshi no Ko, Re:Zero, and Dungeon Meshi/Delicious in Dungeon. Additionally, Kadokawa is the parent company of FromSoftware, known for developing acclaimed games like Elden Ring and Armored Core.
FromSoftware recently made headlines at The Game Awards with the announcement of Elden Ring: Nightreign, a cooperative standalone spin-off set to launch in 2025.
