Avengers filmmaker Joe and Anthony Russo’s film company ABGO sold 38% of the company to Japanese gaming company Nexon in a $ 400 million deal. One of the big takeaways, according to The Hollywood Reporter, is that the popular Chris Hemsworth Extraction movie series for Netflix could become a video game.
Nexon made the announcement on Wednesday, saying the deal will “accelerate the global expansion of Nexon intellectual property into existing and new film and television franchises and further support AGBO ‘s development, production and ownership of pole-and-reach entertainment universes. ».
This will also include video games, Nexon said, although no details have been released. Under the terms of the deal, Nexon said it could put in an additional $ 100 million in the first half of 2022 if requested by ABGO.
“AGBO is driven by creators who aspire to work globally,” Joe and Anthony Russo said in a statement. “AGBO ‘s partnership with Nexon represents a major moment for entertainment, promoting the convergence of franchise filmmaking and world – class games. Our partnership is based on our shared vision for the future of storytelling and harnesses the unique talents of both companies. “
Nexon President Owen Mahoney added: “AGBO and Nexon share a fundamental vision for a thrilling global audience with content across multiple platforms and markets.”
Nick van Dyk, head of Nexon Film & TV, went on to say that movie and video game extensions are known to “lead to greater loyalty and longevity for the game franchise …”
“We are excited to be working with AGBO to design universes that, from the beginning, are meant to coexist in games, movies, television, merchandising and other experiences,” said van Dyk, a former Activision employee.
With 38% ownership of ABGO, Nexon becomes the largest sole shareholder in the film studio, while van Dyk will join ABGO’s board of directors. With an investment of $ 400 million, ABGO now has a valuation of approximately $ 1.1 billion.
Joe and Anthony Russo, along with writers Christopher Markus and Stephen McFeely, co-wrote and directed Captain America: The Winter Soldier, Captain America: Civil War, Avengers: Infinity War, and Avengers: Endgame. receive more than $ 7. billions in the fund.
ABGO is also behind the Netflix movie Extraction, starring Chris Hemsworth, which has a sequel. The company is also shooting the thriller The Gray Man starring Chris Evans and Ryan Gosling, as well as an ambitious TV series called Citadel for Amazon.
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