media ownership

Tencent has increased its stake in Kadokawa to 7.97 percent by acquiring an additional 1.11 percent of shares through its subsidiary, SixJoy Hong Kong Limited. Sony has also invested in Kadokawa, securing a 10 percent stake and becoming its largest shareholder. Kadokawa's CEO, Takeshi Natsuno, expressed optimism about the alliance with Sony, highlighting the potential to enhance IP creation capabilities and global expansion.