Nexon invests $ 400 million in Agbo, the Russo Brothers Production Studio

Decidedly at ease at the economic level, Nixon announces an impressive investment of $400 million in Ago, the 2017 Cine / TV production studio founded by the Russo brothers, world success directors at the cinema like AVENGERS: Infinity War and AVENGERS: ENDGAME.

Russo Bros ’ AGBO Sells 38% Stake To Video Game Firm Nexon For $400M In

According to Nixon's statement, the purpose of this investment is to accelerate the adaptation projects of his licenses in films and in series while helping AGO to expand its activities in the video game. The agreement also provides that Ago may request $100 million to Nixon in the first half of 2022, which was the investment at $500 million, as the most mathematical.

It is proven that cinema and television promote the commitment and longevity of game franchises, and we are now associated with the best creators and adapters of cinema and television. We are delighted to work with Ago to conceive Universes that, from the start, are meant to coexist through games, cinema, television, derivatives and other experiments, commented Nick Van Dye, President of the Young Subsidiary Nixon Film & Television who concluded this operation.

With this investment, NIXON now holds 38% of the AGO studio, which welcomes Nick Van Dye and Tim Connors of Nixon in its board, alongside brothers Joe and Anthony Russo ( Captain America, avengers, revenue in Collin wood ). The value of Ago exceeds the billion dollars for the occasion. In 2020, the studio went out Extraction ( Tyler rake in France), one of the most viewed movies on Netflix.

Asian giant, Nixon is worn by the franchise Dungeon & Fighter, which has generated more than $18 billion since its creation and will expand in the form of the combat game DNF Duel next summer. The other major Franchises of Nixon are Maple story ( wood by almost half of the population in South Korea ) and Kart rider (more than 380 million users saved on PC). Nixon also holds the Swedish Studio Embark, whose TPS Arc Raiders has recently been unveiled at Game Awards and will come out this year.

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