Breaking Sony in Negotiations to Acquire Kadokawa and Japanese Game DeveloperFromSoftware Inc

  • Thread starter Thread starter Detective Conan
  • Start date Start date
  • Replies Replies: Replies 0
  • Views Views: Views 254

Detective Conan

Contributor
Joined
28 Apr 2018
Messages
1,209
Reaction score
1,902
Sony talks with Kadokawa Corporation and including Japanese Game Developer FromSoftware Inc. they are the makers of popular game "Elden
Ring". at present Sony holds 2 % stake in Kadokawa which owns FromSoftware Inc.

Elden Ring game was collab between Director Hidetaka Miyezaki and Game of Thrones authopr George R.R Martin - has sold 25 Million units, Shadow of the Erdtree sold 5 million units within three days of its release.the title available on gaming platforms including Sony's PlayStation.

Kadokawa corparations shares surged 23% on closing at daily limit with market cap of $2.7 Billion. whereas Sony's share saw modest increase of only 0.6%. Kadokawa began as publisher in 1945, yet expanded into games, anime, events and figurines with franchise of Re:Zero.Kadokawa acquired 70 percent stake of FromSoftware Inc - game developer. Sony already owned 14 percent stake of FromSoftware.

In Nov 2024, Kadokawa Corporation reported that anime and live-action video business has achieved exceptional growth in the 2nd quarter of the fiscal year 2024 due to the strong demand for popular anime and live-action projects.

 
Back
Top Bottom