Sony Takes Control of Peanuts With WildBrain Buyout

MT Newswires Live03-03 07:53

Sony Group (TYO:6758) said its units Sony Music Entertainment (Japan) and Sony Pictures Entertainment have completed the purchase of an additional 41% stake in Peanuts Holdings from Canada-listed WildBrain for $460 million, according to a Tuesday filing on the Tokyo Stock Exchange.

The acquisition lifts Sony's indirect holding in Peanuts to 80% from about 39%, making the owner of the "Peanuts" franchise a consolidated subsidiary.

The Schulz family retains a 20% interest in the intellectual property created by Charles M. Schulz.

Sony expects to record a remeasurement gain of about 45 billion yen in operating income in the fourth quarter of the fiscal year ending March 2026, reflecting the fair value of its previously held stake.

Peanuts Worldwide, a unit of Peanuts Holdings, will continue managing the brand.

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