Through this investment, NEXON plans to accelerate the global expansion of its new IP in the film and television fields, combined with AGBO’s production capabilities, hoping to strengthen its influence in the global film and television entertainment market, and also hope to help AGBO develop entertainment The universe, in the future, can attract people from all over the world through games and virtual world experience.
The investment is led by the NEXON film and television team under NEXON. In addition to the US$400 million investment announced this time, if AGBO needs it, NEXON promises to invest another US$100 million in the first half of 2022. They hope that through the two companies’ shared vision for the future of storytelling, and each other’s expertise, they can create and maintain attractive IP in the global market.
NEXON acquired more than 38% of AGBO’s shares through this strategic investment, becoming the single investment unit with the most shares under AGBO’s management. As for NEXON’s chief strategy officer Nick van Dyk, and NEXON’s film and television team vice president Tim Connors will join the AGBO board of directors.
Nick van Dyk believes that the content of movies and TV series developed by the game IP will increase viewers’ participation in the game and will extend the life cycle of the game IP. I am very happy to have this opportunity to work with AGBO to provide global users with The integrated experience of games, movies, TV and peripheral products.
Stephen McFeely and others are also members.
The Russell Brothers (photo source: AGBO)
Stephen McFerley, Christopher Marcus
AGBO is also currently working with partners including Netflix, NBC Universal, Amazon Prime Video, Apple TV+, Disney+ and other partners to produce related movies and TV content.
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