Culture
culture

Sony’s looking to buy a massive anime powerhouse that also happens to make “Elden Ring”

Sony is said to be interested in buying Kadokawa, a massive Japanese media company that publishes anime, manga, magazines, and, perhaps most notably in the US: the Elden Ring gaming studio FromSoftware.

It’s been a rough year for the Japanese content conglomerate, and perhaps the thinking is it can grow its way out of its current slump.

Big gaming buys havent been working out all that well for people who enjoy playing games. This year, Bungie — the Destiny maker that Sony bought in 2022 — laid off about 35% of its staff and scrapped multiple projects. Sonys purchase of Firewalk Studios last year led to Concord, a game so bad it was essentially deleted after 14 days.

Countless other examples of small studios disappearing after being folded into massive corporations have fans up in arms about Sonys potential Kadokawa acquisition.

The deals difficulty setting may ultimately prove to be too punishing. Sony is said to be considering extracting only pieces of Kadokawa that its interested in, like FromSoftware and anime assets that would complement its anime streamer Crunchyroll. Kadokawa, on the other hand, is reportedly looking to be purchased completely.

Big gaming buys havent been working out all that well for people who enjoy playing games. This year, Bungie — the Destiny maker that Sony bought in 2022 — laid off about 35% of its staff and scrapped multiple projects. Sonys purchase of Firewalk Studios last year led to Concord, a game so bad it was essentially deleted after 14 days.

Countless other examples of small studios disappearing after being folded into massive corporations have fans up in arms about Sonys potential Kadokawa acquisition.

The deals difficulty setting may ultimately prove to be too punishing. Sony is said to be considering extracting only pieces of Kadokawa that its interested in, like FromSoftware and anime assets that would complement its anime streamer Crunchyroll. Kadokawa, on the other hand, is reportedly looking to be purchased completely.

More Culture

See all Culture
Doctor Working on Robot Woman

The peptide gold rush: How impending deregulation could supercharge a shadow industry

Peptides, the gray-market supplements that have flooded Silicon Valley, may soon make their way into the mainstream. Who stands to benefit?

culture
Saleah Blancaflor

Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

Loading...
 
Loading...
 

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.