Tokyo-based broadcaster TBS Holdings said on December 16 it has agreed to invest $150 mln in U.S. film production company Legendary. The two firms form a partnership to expand Japanese content for global audiences.
TBS said the deal with the producer of films including «Dune» and «A Minecraft Movie» aims to boost the international value of its content through joint development of video projects based on Japanese manga, animation and games.
The $150 mln investment includes shares previously held by Apollo Global Management and Legendary’s management team, valuing the studio at more than $4 bn. A source familiar with the...