Japanese gaming company Genda Inc is acquiring a 78.05% stake in major buyer and producer Gaga Corp.
Genda is acquiring shares in Gaga chairman and CEO Tom Yoda’s own company TY Limited, with the deal scheduled to close on November 30, 2023.
Yoda will retain the remaining 21.95%, as well as the position of president of Gaga. All of Gaga’s other executive appointments remain unchanged.
Genda President Nao Kataoka and CCO Yuzo Sato will have seats on Gaga’s board, with the latter executive serving as Gaga’s president and CEO.
Gaga was founded in 1986 and Yoda’s TY Limited took a majority stake in 2009. Under her management, the company has emerged as one of the world’s leading independent film distributors, handling a wide range of international titles, and has also expanded its production local. .
The company distributed seven Best Picture Oscar winners, including Code It is Everything everywhere at the same timeand four Palme d’Or winners, including Shoplifters It is Anatomy of a fall.
In a statement, Gaga said she is currently driving a multi-portfolio strategy, which involves international film distribution, local film and anime production, international sales, international co-production, and business of games and anime-derived characters “through omnidirectional actions.” . windows including digital platform”.
Genda is a holding company with diverse entertainment businesses, including 260 gaming rooms, mainly under the ‘GiGO’ brand, as well as amusement machine rentals, online games, sales promotions and character licensing.
“Mr. Kataoka de Genda and I have established a close relationship since he became president and representative director of Aeon Entertainment in 2017,” Yoda said.
“Exchanging ideas and business strategies, he seems to draw inspiration from my long-time experiences and networks in the entertainment business, including music, films, games, characters, broadcasts and manga. Having perfectly combined vision and values, we are very excited to work with Genda to generate synergies for both companies.”