Media and Entertainment
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Media and Entertainment
Source : (remove) : gematsu
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Sony Group Corporation and Kadokawa Corporation to form strategic capital and business alliance

Sony Group Corporation and Kadokawa Corporation have announced a strategic capital and business alliance aimed at enhancing their content creation and distribution capabilities. Under this agreement, Sony will acquire a 10 percent stake in Kadokawa, while Kadokawa will invest in Aniplex, a Sony subsidiary known for its anime production. This partnership will focus on expanding their global reach in the entertainment industry, particularly in anime, games, and other media content. The alliance will leverage Sony's technology and global network alongside Kadokawa's extensive content library to foster new business opportunities, including potential joint ventures in IP development, distribution, and marketing strategies. The deal is expected to close by the end of 2024, pending necessary regulatory approvals.

Read the Full gematsu Article at:
[ https://www.gematsu.com/2024/12/sony-group-corporation-and-kadokawa-corporation-to-form-strategic-capital-and-business-alliance ]