AGBO, the film and TV production company founded by “Avengers: Endgame” directors Joe and Anthony Russo, has secured a minority investment from a Tokyo-based video game maker, as firms pour money into theThe game developer, Nexon Co. Ltd., is paying $400 million for a 38% stake in AGBO, valuing the downtown Los Angeles-based company at $1.1 billion, the firms said Wednesday.
“It quickly became clear to the both of us that a similar mindset with respect to the evolution of global entertainment franchises could provide really favorable grounds for collaboration between our two companies,” Bergsman said in an interview.Hello Sunshine, “South Park” and MGM deals reveal how streaming is boosting the value of content brands, not just libraries.
But Van Dyk, who previously held executive roles at Disney and Activision Blizzard, said it was important for AGBO to continue to be creatively independent. Nexon was comfortable with that arrangement because the two sides agreed on their vision for creating popular franchises, he said. LeBron James and Maverick Carter’s SpringHill Co. last year secured a private equity deal valuing their venture at $725 million.On Tuesday,sold a minority stake of their company Westbrook Inc. to the Blackstone-funded firm Candle Media, which is run by ex-Disney executives Tom Staggs and Kevin Mayer.