Sony Now Controls the Majority Shares of Kadokawa & Begins Strategic Collaboration!
Sony's desire to have a majority voice in Kadokawa has been no secret, and with ample funds, that intention has finally come to fruition.
After spending 50 billion Yen (about $318 million or around 5.1 trillion Rupiah), Sony successfully acquired 10% of Kadokawa shares, surpassing Tencent, which only holds 6.86% and is in second place.
In a press release that was issued on their official website, Hiroki Totoki, the head of Sony, stated that the two major companies have established a strategic partnership and business alliance to strengthen existing and future IP.
According to Hiroki, the combination of Kadokawa's intellectual property strengths, especially in anime and gaming, with Sony's ability to expand globally in those two fields will make their products market leaders.
Several analysts believe that Sony's interest in collaborating with this Japanese company is not only focused on gaming but more on the high-quality anime owned by Kadokawa, as Sony aims to dominate that large market.
The news about the share purchase and strategic collaboration also alleviated concerns about Sony's acquisition of the anime production company, at least for now, and the creative freedom to produce high-quality anime without influence from large corporations seems to remain intact.
