Sony Acquires Majority Stake in KADOKAWA
Sony announced this morning that it has acquired a total of 10 percent of KADOKAWA's shares, giving it majority ownership.
According to the announcement shared on the official blog this morning, Sony has acquired KADOKAWA's shares in FromSoftware, the developer of Elden Ring and Dark Souls. Sony, which announced that it paid 50 billion yen for this acquisition, owned 10% of KADOKAWA's shares with the shares it bought in February 2021. Thus, Sony, which has reached majority shares, will be able to use KADOKAWA's works for future adaptations.
Sony and KADOKAWA Collaboration Paves the Way for TV and Film Adaptations
In the announcement, it was underlined that Sony and KADOKAWA had previously cooperated in various projects. With this new agreement, it is written that both companies aim to maximise the value of IP globally and to move towards joint investments and projects. This gives Sony the right to adapt the Dark Souls and Elden Ring series, anime and literary works from KADOKAWA into films and TV series. So there could be new productions inspired by the Dark Souls universe on the horizon.
"By combining KADOKAWA's extensive IP and IP creation ecosystem with Sony's strengths in supporting the global expansion of a wide range of entertainment, including anime and games, KADOKAWA's Global Media Mix strategy, which aims to maximise the value of KADOKAWA's IP, and Sony's long-term vision of "Creative Entertainment";We plan to work closely together to realise Sony's "Global Media Mix" strategy, which aims to maximise the value of Sony's ‘ "Global Media Mix’ and Sony's long-term vision of ‘ "Creative Entertainment Vision’.”
FromSoftware and other game studios and their content have not yet been commented on. It is only mentioned that global sales of KADOKAWA's games will be expanded. Since the purchase has only just taken place, we will only be able to see how Sony will evaluate KADOKAWA's works in the coming days.
For the latest gaming news, visit Instagram, Twitter and Google News. You can also share your ideas with our other readers in comments.
Source: https://www.sony.com/en/SonyInfo/News/Press/202412/24-1219E/
