Market Chatter: Sony Eyes Entertainment IP Expansion

MT Newswires Live
Sep 30

Following Sony Group (TYO:6758) plans to ramp up acquisitions of entertainment intellectual property, a strategy mirroring that of Japan's major trading houses, Nikkei reported Tuesday.

The Japanese conglomerate has invested 1.9 trillion yen in entertainment IP over seven years, buying stakes in Bandai Namco (TYO:7832) and Kadokawa (TYO:9468), and combining them with its games, anime, and film operations, the report said.

Its U.S. anime streaming unit, Crunchyroll, will launch a manga platform on Oct. 9 to fuel future adaptations, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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