Sony has announced that it has increased its holdings in Japanese media giant and FromSoftware parent company Kadokawa Corporation. Sony acquired the shares for 50 billion yen or roughly $300 million, bringing its total ownership to 10 percent and making it the Kadokawa’s largest shareholder.
The news comes after earlier rumors that Sony was considering acquiring the company outright. Kadokawa confirmed that Sony had expressed interest in acquiring shares, but that, at the time, no decision had been made. An acquisition would have brought Kadokawa’s considerable holdings in Japanese movie, television, publishing, and video game production — which includes the Elden Ring developer and Danganronpa studio Spike Chunsoft — under Sony’s control.
Getting its hands on more IP seems to be the name of Sony’s game with this announcement. According to the press release, Sony and Kadokawa will, “discuss specific initiatives for collaboration” regarding adaptation, development, and production of Kadokawa IP. Or to put it more simply, there’s now a not-small chance that an Elden Ring live-action movie might be on the way.