Japanese broadcaster TBS to invest $150 million in US film producer Legendary
Jan 16 (Reuters) - Tokyo-based broadcaster TBS Holdings 9401.T said on Friday that it has agreed to invest $150 million into U.S. film production company Legendary.
TBS said it has entered into a partnership with the producer of 'Dune' and 'A Minecraft Movie' to build on the value of its content in the global market through the joint development of video content based on Japanese manga, animation, and games.
The $150 million stake that TBS is acquiring includes shares previously owned by Apollo Global Management APO.N as well as Legendary’s leadership, and values the company at more than $4 billion, Bloomberg News reported on Thursday.
The companies did not disclose the size of the stake being acquired.
TBS, the parent of Tokyo Broadcasting System, is known for TV series such as 'Alice in Borderland' and 'Yu Yu Hakusho'.
Legendary has previously adapted Japanese stories for global audiences. It produced 'Godzilla x Kong: The New Empire', a film based on and named after the giant monster created by Japan's Toho Studios, that grossed more than $570 million in theaters in 2024.
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