The investment makes Nexon AGBO’s largest individual shareholder with a 38 percent share. The company also has an option for Nexon to invest an additional $100 million in the first half of 2022. The deal is designed to help the game developer, whose major properties include “Dungeon&Fighter,” “MapleStory” and “KartRide” -- to gain a foothold in the global film and television business while allowing AGBO to expand its reach into games and virtual world experiences.
“AGBO is driven by creatives who aspire to work at the universe scale,” said Anthony and Joe Russo in a press release. ”AGBO’s partnership with Nexon represents a significant juncture for entertainment, furthering the convergence of franchise filmmaking and games with a global reach. Our collaboration is based on our shared vision of the future of storytelling and utilizes the unique talents of both companies.
Added Nexon President and CEO Owen Mahoney, “The ability to create and sustain blockbuster entertainment franchises across multiple markets for decades is deep in Nexon’s DNA.” The Russo Brothers, whose directing credits include “Avengers: Endgame,” the No. 2 highest-grossing movie of all time, have a number of projects in the pipeline, including directing the upcoming films “The Gray Man” and “The Electric State,” as well producing “Extraction 2” for Netflix and “Citadel,” a streaming series on Amazon Prime. The duo is also developing a live-action version of Disney’s “Hercules.
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