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TBS Buys Small Minority Stake in Legendary for $150 Million in IP Partnership

The non-exclusive pact focuses on taking Japanese stories worldwide through a blend of Legendary’s franchise know-how with TBS’s local reach.

Overview

  • The companies signed a non-exclusive agreement to source and develop Japanese intellectual property for global audiences.
  • TBS acquired $150 million of equity from Legendary and existing shareholders, resulting in a small minority stake without changing governance.
  • Legendary management and funds managed by Apollo remain equal control shareholders following the transaction.
  • Legendary’s Japan-origin slate spans film and TV, including Godzilla x Kong: Supernova, Monarch: Legacy of Monsters, Street Fighter, Gundam, and Drops of God Season 2.
  • TBS is ramping international content investment through THE SEVEN and THE SEVEN US after a recent $180 million capital increase.