Japanese game company Nexon invests $400 million in AGBO

American film production company AGBO received an investment of $400 million from Japanese game giant Nexon with a valuation of $1.1 billion.
Nexon AGBO
Nexon signed a new investment.

AGBO was founded by the directors of the most popular movies of recent times, Avengers: Infinity War and Avengers: Endgame. The company of American directors Anthony and Joe Russo managed to attract the attention of Nexon and received an investment of $ 400 million with a valuation of $ 1.1 billion.

Nexon will own 38 percent of AGBO through a “minority investment.” Compared to other partners of AGBO, this is the largest share. This makes Nexon the primary decision maker for AGBO. Post-investment Nick van Dyk, Nexon’s President and Chief Strategy Officer of Film and Television, and Tim Connors, SVP of Film and Television, joined AGBO’s board of directors.

The names of director Russo brothers and CEO Jason Bergsman stand out on the ABGO board of directors. Nexon President and CEO Owen Mahoney said:

“The ability to create and sustain blockbuster entertainment franchises across multiple markets for decades is deep in Nexon’s DNA. AGBO and Nexon share a fundamental vision for thrilling global audiences with content that spans multiple platforms and markets.”

In addition, Nexon has committed to a potential additional investment of up to $100 million in the first half of 2022, which can be provided at AGBO’s request. Anthony and Joe Russo, Co-Founders, and Chairman of the Board of AGBO, said:

“AGBO is driven by creatives who aspire to work at the universe scale. AGBO’s partnership with Nexon represents a significant juncture for entertainment, furthering the convergence of franchise filmmaking and games with a global reach. Our collaboration is based on our shared vision of the future of storytelling and utilizes the unique talents of both companies.”

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