Sony Now Owns A Much Bigger Piece Of Fromsoftware’s Parent Company

Sony has announced that it has accrued its holdings successful Japanese media elephantine and FromSoftware genitor institution Kadokawa Corporation. Sony acquired nan shares for 50 cardinal yen aliases astir $300 million, bringing its afloat ownership to 10 percent and making it nan Kadokawa’s largest shareholder.

The news comes aft earlier rumors that Sony was considering acquiring nan institution outright. Kadokawa confirmed that Sony had expressed liking successful acquiring shares, but that, astatine nan time, nary determination had been made. An acquisition would personification brought Kadokawa’s sizeable holdings successful Japanese movie, television, publishing, and video crippled accumulation — which includes nan Elden Ring developer and Danganronpa workplace Spike Chunsoft — nether Sony’s control.

Getting its hands connected overmuch IP seems to beryllium nan punishment of Sony’s crippled pinch this announcement. According to nan spot release, Sony and Kadokawa will, “discuss circumstantial initiatives for collaboration” regarding adaptation, development, and accumulation of Kadokawa IP. Or to put it overmuch simply, there’s now a not-small chance that an Elden Ring live-action movie mightiness beryllium connected nan way.