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Home / Business and Economy / Sony Seizes Snoopy: Peanuts Franchise Now 80% Sony-Owned

Sony Seizes Snoopy: Peanuts Franchise Now 80% Sony-Owned

19 Dec

•

Summary

  • Sony now holds an 80% stake in the iconic Peanuts franchise.
  • The deal, valued at C$630m, significantly increases Sony's control.
  • Peanuts continues to be a global phenomenon across media platforms.
Sony Seizes Snoopy: Peanuts Franchise Now 80% Sony-Owned

Sony has significantly expanded its ownership of the Peanuts franchise, now holding an 80% stake. The Japanese conglomerate acquired an additional 41% of Peanuts Holdings from WildBrain for C$630 million, solidifying its dominant position.

The intellectual property, created by Charles Schulz, first debuted as a comic strip in 1950 and has since evolved into a vast global enterprise. Peanuts spans various media, including television series, films, toys, and theme park attractions, maintaining its cultural relevance.

This acquisition aligns with Sony's broader strategy to bolster its entertainment and content offerings. The company continues to invest in and leverage its extensive global network and expertise to further elevate brands like Peanuts, ensuring the enduring legacy of Charles Schulz's creations.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Sony now owns 80% of the Peanuts franchise, significantly increasing its stake.
The deal that raised Sony's stake to 80% is worth C$630 million.
Sony began building its stake in the Peanuts franchise in 2018.

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