As part of a new initiative by Nexon, the company boosted Japanese gaming publishers and developers with a nearly $900 million sum ($874 m+). Companies such as Konami, SEGA and Bandai Namco in Japan received investments as part of Nexon’s initiative to help them “develop and sustain strong, globally recognized IP”. Nexon says that they have no intentions in making acquisitions and want to boost the industry as a whole. Here’s what CEO Owen Mahoney had to say:
“We believe companies with strong, well-managed global IP are often overlooked and undervalued in a market that is narrowly focused on introductions of new IP. These investments reflect our respect for management teams that create and grow global properties over a period of years and decades. We believe that each has potential to capitalize on the secular shift from linear formats to interactive entertainment.”
This move especially helps SEGA as they’ve had losses year after year, including having to restructure. We should see these investments help fund studio expansions, game development and more across these companies. Stay tuned at Final Weapon for the latest Japanese gaming news and support us on Patreon!