Sony Plans to Spend $18 Billion on Strategic Investments

 The investments will span across content, technology, and share repurchases.

A Japanese company Sony plans to spend 2 trillion yen, 18 billion dollars, on strategic investments in the three years from fiscal 2021 through fiscal 2023. Chairman, President, and CEO Yoshida Kenichiro claimed that the company will reinforce its gaming and anime content businesses.

The company also wants to increase the collaboration between its entertainment units such as movies, games, and music. Specifically, Sony wants to ensure that it maximizes the value of an IP by capitalizing on it throughout its creative units.

“Through investments in IP, group collaboration within Sony, and investment in social and mobile, we are excited for the opportunity to continue to expand our community,” said Sony Interactive Entertainment CEO Jim Ryan.

Previously Sony agreed to buy an American anime streaming service Crunchyroll with around 90 million registered users for $1.2 billion.

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