Nexon Korea has been a large -scale investment after a long absence, to the production company of "Avengers/End Games" $ 500 million

Nexon Korea has been a major investment in a long time, to the production company of "Avengers/End Game" $ 500 million (image provided: Wowkorea)

Nexon announced on Tuesday that it will invest $ 500 million (USD, about 57,936.5 million yen) to AGBO established by the film director Russo brothers and producer Mike Larocca. In the first half, we plan to invest up to $ 100 million (about 11,585.8 million yen). Nexon will secure more than 38%of AGBO's assortment in this investment, and will be a shareholder following the management of AGBO, a major shareholder. Investment is led by Nexon Film and Television, the company's highest strategic officer (CSO) and vice president of Vice President Nick Van Daik, veteran in the entertainment field. Vice President Nick and Vice President Tim Conners will join the AGBO Board of Directors. Through investment, Nexon accelerates the global expansion of the company and new knowledge (IP) in the movie and television field. AGBO is also planning to strengthen its influence in the global entertainment market. The company is producing content for video streaming services and distribution to theaters, along with partner companies such as Netflix, NBC Universal, Amazon Prime Video, Disney Plus, Apple TV, A24, and Roku.

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