MapleStory Creator Nexon has invested $400 million in AGBO, an unbiased leisure company co-founded by Avengers: Infinity Battle administrators Anthony and Joe Russo and 21 Bridges producer Mike LaRocca.
Korean-Japanese publishers focus on on-line video video video games for PC and cell, and are most attention-grabbing acknowledged for his or her work with franchising: MapleStory and Dungeon and Fighter.
Strategic Minority Investments will assist AGBO’s try and develop “a world of pushed leisure”, together with its push to gaming and “digital world experiences,” and assist the corporate’s worth of roughly $1.1 billion.
The transaction will permit Nexon to private a minimal of 38% of AGBO, making it a very powerful specific particular person shareholder of the manufacturing residence. Nexon furthermore promised to speculate as rather a lot as $100 million inside the primary half of 2022, if requested by AGBO.
Anthony and Joe Russo, co-founders and presidents of AGBO, acknowledged, “AGBO is pushed by creators who aspire to work on a cosmic scale. The partnership between AGBO and Nexon represents an wanted milestone in leisure and franchise filmmaking and world attain. A sport which can be reached. Our collaboration builds on our shared imaginative and prescient for one of the simplest ways forward for storytelling and leverages the distinctive abilities of each companies.”
On a smart diploma, AGBO’s CEO Jason Bergman hopes that the transaction will permit the leisure group to leverage Nexon’s “best-in-class gaming capabilities” to develop its world presence and create digital experiences.
Nexon Movie & Tv President Nick van Dyk and SVP Tim Connors shall be a part of the AGBO Board of Administrators as a part of the transaction.