Profit Leakage

Elden Ring 'profit leakage' has Kadokawa investors looking for a new boss

Activist 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.