Kadokawa Corporation Forms Alliance with Sony and CyberAgent, Plans to Enhance IP Development
Kadokawa Corporation has formed an alliance with Sony and CyberAgent. As translated by Gematsu, the company revealed in their financial results that they?ve formed the alliance to ?enhance IP development? and expand their IPs across the globe.
The agreement means the three companies will pool their expertise and resources for each others? mutual benefit. Kadokawa Corporation will create more strong IPs ?composed of a diversified portfolio?. Sony will use their publishing muscle to increase the spread of games and animation across the world. Finally, CyberAgent will take care of the mobile market. Both CyberAgent and Sony now have 1,422,475 shares in Kadokawa as part of the agreement, each gaining a 1.93% stake in the company.
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Source: PlayStation LifeStyle
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