“AGBO and Nexon share a fundamental vision for thrilling global audiences with content that spans multiple platforms and markets.” “The ability to create and sustain blockbuster entertainment franchises across multiple markets for decades is deep in Nexon’s DNA,” said Owen Mahoney, president and CEO of Nexon. The firm said it has also committed to injecting an additional $100 million in the first half of this year if requested by AGBO. Nexon will secure at least a 38 percent stake in AGBO along with two board seats, becoming its biggest individual shareholder. Valued at approximately $1.1 billion, AGBO was co-founded by Anthony and Joe Russo, the directors of Marvel’s global megahits “Avengers: Infinity War” and “Avengers: Endgame” and producer Mike Larocca. Through the latest investment, the Tokyo-listed Nexon plans to accelerate the global expansion of its existing and new intellectual property in the film and TV sectors, while AGBO looks to further boost its influence in the global entertainment market by strengthening its production power. Korean gaming giant Nexon said Thursday it has decided to invest $400 million (48 billion won) into US production company AGBO, co-founded by Anthony and Joe Russo, the directors of Marvel’s global megahits.
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