Japanese gaming agency Genda Inc is buying a 78.05% stake in main Tokyo-based purchaser and producer Gaga Corp.
Genda is buying the shares from Gaga president and CEO Tom Yoda’s personal firm T.Y. Limited, with the deal scheduled to undergo on November 30, 2023.
Yoda will retain the remaining 21.95% stake in addition to the place of Gaga chairman. All different Gaga govt appointments stay unchanged.
Genda chairman Nao Kataoka and CCO Yuzo Sato may have seats on the Gaga board, with the latter govt serving as Gaga president and CEO.
Gaga was based in 1986 and Yoda’s T.Y. Limited took a majority stake in 2009. Under his administration, the corporate has emerged as one of many world’s main indie movie distributors, dealing with a variety of worldwide titles, and has additionally expanded its native manufacturing slate.
The firm has distributed seven Oscar Best Picture winners, together with Coda and Everything Everywhere All At Once, and 4 Palme d’Or winners together with Shoplifters and Anatomy Of A Fall.
In an announcement, Gaga stated it’s presently pushing ahead a multi-portfolio technique, which includes worldwide movie distribution, native movie and anime manufacturing, worldwide gross sales, worldwide co-production, and sport and character companies derived from anime “through omni-directional windows including digital platform”.
Genda is a holding firm with a number of leisure companies, together with 260 amusement arcades, primarily beneath the ‘GiGO’ model, in addition to amusement machine leasing, on-line video games, gross sales promotions and character licensing.
“Mr. Kataoka of Genda and I have established a close relationship since he became President and Representative Director of Aeon Entertainment in 2017,” stated Yoda.
“Exchanging business ideas and strategies, he seems to be inspired by my long-time experiences and networks in the entertainment business, including music, film, game, character, broadcast and manga. Having perfectly-matched vision and values, we are very excited to work with Genda to generate synergies for both companies.”