A report says Sony is eyeing up Japanese media firm Kadokawa, a company with a controlling stake in Elden Ring creator FromSoftware.
with no small degree of envy. While there are fewer and fewer media monoliths to gobble up for the sake of video game consolidation, the PlayStation makers are reportedly eyeing a major deal that could nab it FromSoftware, the makers of beloved games likereported on Tuesday, based on anonymous sources, that the company behind PlayStation was eyeing up Kadokawa, a massive Japanese media conglomerate that was the result of a 2014 merger between itself and Dwango Corp..
Kadokawa owns a 70% stake in FromSoftware, while Sony owns a 14% stake in the studio. This deal would give Sony the absolute majority and effectively set up Miyazaki’s darling as a potential PlayStation-first enterprise. Kadokawa’s market cap shot through the roof on Tuesday with Reuters’ report, above $3.6 billion. That’s about as much as Sony originally paid for Bungie in 2022.
Sony’s latest efforts to force PSN accounts on PC-based games haven’t earned much respect. For fans of FromSoftware, Sony’s potential deal is yet another monopolization effort from a major studio that could have severe repercussions for the studio’s lauded work.There’s a Reason Sony Is Doing OK Right Now, and It’s All Thanks to Astro Bot
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