Kadokawa
Kadokawa business and news from across the web.
Despite investors moaning that Elden Ring's success hasn't been milked hard enough financially, FromSoftware parent company's CEO has kept his jobKadokawa CEO Takeshi Natsuno has retained his position following an annual shareholder meeting, despite efforts by activist investor group Oasis Management to oust him. Oasis Management, Kadokawa's largest shareholder, argued that the company failed to maximize profits from Elden Ring's success, citing the decision to publish through Bandai Namco instead of self-publishing. While Natsuno's shareholder support decreased, he remains in his role, though Kadokawa has pledged to review its management structure.
Nintendo Download: Prepare for Sortie with Team Star Fox!Nintendo has announced its latest eShop updates for the Nintendo Switch and Nintendo Switch 2, featuring new releases like Star Fox, DELTARUNE Chapter 5, and Devil May Cry 5 Devil Hunter Edition. The company is also promoting summer sales on digital games and offering a bonus month for Nintendo Switch Online + Expansion Pack memberships.
FromSoftware parent CEO keeps position following activist investors' disappointment in firm's handling of Elden RingTakeshi Natsuno will remain CEO of Kadokawa Corporation, the parent company of FromSoftware, despite a significant drop in shareholder support. Activist investor group Oasis Management had pushed for his removal, citing concerns over Kadokawa's handling of Elden Ring's success and potential profit leakage. The company has stated it will review its management structure and business plans.
Elden Ring 'profit leakage' has Kadokawa investors looking for a new bossActivist investor Oasis Management, now Kadokawa Corporation's largest shareholder, is calling for the ouster of CEO Takeshi Natsuno due to alleged "profit leakage" from Elden Ring's success. Oasis argues that Kadokawa, through its subsidiary FromSoftware, has failed to capitalize fully on its hit titles by partnering with external publishers like Bandai Namco, instead of self-publishing. The company also faced a data leak and a less-than-ideal strategic alliance with Sony.- FromSoftware parent’s CEO survives hedge fund owners’ attempt to remove him, but there’s more pressure to comeThe CEO of Kadokawa Corporation, the parent company of FromSoftware, has successfully retained his position following an attempt by hedge fund owners to remove him. Despite this immediate victory, further pressure is expected regarding the company's leadership and governance.
FromSoftware parent company CEO survives vote to oust at annual shareholder meetingKadokawa Group CEO Takeshi Natsuno survived a vote to oust him at the company's annual shareholder meeting, despite calls from major shareholder Oasis Management. Oasis argued that Kadokawa failed to capitalize on Elden Ring's success and experienced profit leakage. Natsuno will remain in his position, and a proposal to appoint Koji Okura to the board was approved.- Business and FinanceKadokawa, the owner of Elden Ring, is facing a dispute between itself and activist shareholders. Separately, Google's parent company Alphabet is being added to the Dow Jones index.
- Kadokawa CEO faces shareholder battle as investors criticise handling of Elden Ring successKadokawa CEO Takeshi Natsuno is facing criticism from investors who believe the company failed to fully capitalize on Elden Ring's success. Shareholders suggest Kadokawa should have self-published the game instead of partnering with Bandai Namco Entertainment.
- Kadokawa Should Be Making More Money From Elden Ring, Activist Investor Says as CEO Survives Shareholder VoteKadokawa's CEO has survived a shareholder vote amidst pressure from an activist investor who argues the company has not adequately profited from Elden Ring's success. The investor believes Kadokawa could be generating more revenue from the popular game.
Elden Ring owner faces tense CEO clash as a battle between Kadokawa and activist shareholders rages onActivist investor Oasis Management, now Kadokawa's largest shareholder, is challenging the CEO Takeshi Natsuno's position at the Elden Ring publisher's annual investor meeting. Oasis claims profit leakage occurred due to the publishing arrangement for Elden Ring and points to Kadokawa's declining financial performance and a past data breach as reasons for change.
Tencent reportedly negotiating exits from various Japanese studios including MarvelousTencent is reportedly negotiating to sell its minority stakes in several Japanese game studios, including Marvelous, potentially at a loss. Investments in PlatinumGames, FromSoftware, and Kadokawa Corporation are unaffected. The company is shifting its focus towards user-generated content games and its existing portfolio teams.
Tencent is reportedly looking to back out of several studio investments like Story of Seasons developer Marvelous, but…Tencent is reportedly looking to divest from several minority investments in video game studios, including a 20% stake in Marvelous, the developer of Story of Seasons. This reassessment of its portfolio may involve selling stakes back to original management, even at a loss. Investments in studios like PlatinumGames and FromSoftware are reportedly unaffected.
Report: Tencent plans to exit investments in Japanese studios like Story of Seasons developer MarvelousTencent is reportedly considering exiting some of its minority investments in Japanese game studios, including Marvelous, as part of a global portfolio reassessment. This move aims to divest stakes where envisioned synergies have lapsed, though investments in companies like FromSoftware and PlatinumGames are expected to remain unaffected. Tencent has stated its continued commitment to the Japanese game market.
Tencent Looking to Offload Game Dev Investments, Even at a LossChinese company Tencent is reportedly looking to divest from several of its Japanese game development investments, even if it means taking a financial loss. This move is attributed to the current industry downturn and Tencent's focus on AI development. While specific studios are not all named, Marvelous is mentioned as one of the companies Tencent seeks to exit. Despite these potential sales, Tencent has stated its continued commitment to the video game industry and its presence in the Japanese market.
Higurashi When They Cry new TV anime announcedKadokawa Corporation has announced a new television anime adaptation of the murder mystery visual novel Higurashi When They Cry. This announcement celebrates the 20th anniversary of the original anime series. Studio Deen is handling animation production, with voice actors for the main cast also revealed.
Live-Action Kiki’s Delivery Service Show in DevelopmentA live-action television series based on Eiko Kadono's novel Kiki's Delivery Service is in development, with Kadokawa, Wheels in Motion, and the BBC collaborating. Irena Brignull is attached to write the screenplay for the 10-episode, 30-minute-per-episode series. The original novel, which inspired the Studio Ghibli anime, celebrates its 40th anniversary in 2025.
Kiki's Delivery Service is getting the live-action treatment, but it's doing things differently to Studio…BBC Studios Kids & Family, Wheels in Motion, and Kadokawa are collaborating on a live-action television series adaptation of Eiko Kadono's novel Kiki's Delivery Service. The 10-episode series will be based on the first novel, similar to Studio Ghibli's 1989 anime film, and has received Kadono's approval. The project is intended to celebrate the 40th anniversary of the book series.- QuoteworthyFromSoftware president Hidetaka Miyazaki alluded to unannounced games while addressing controversy surrounding parent company Kadokawa. The article also briefly mentions Rockstar Games co-founder Dan Houser.
FromSoftware boss Hidetaka Miyazaki references 'yet to be announced' games while commenting on controversy at…FromSoftware president Hidetaka Miyazaki stated that the studio is working on unannounced games and is satisfied with its current development environment under parent company Kadokawa. While declining to comment on Kadokawa's recent investor drama, Miyazaki emphasized the importance of maintaining creative freedom for game development. He also hinted at upcoming titles, both announced and unannounced, for fans to look forward to.- Elden Ring Director Insists FromSoftware Is Free to Make the Games It Wants To, Teases 'Unannounced Titles'Hidetaka Miyazaki, director at FromSoftware, has reassured fans that the company remains free to create the games it desires without excessive interference, despite recent news regarding shareholder pressure on parent company Kadokawa. Miyazaki's comments suggest that the studio's creative independence is not compromised.