The makers of MapleStory invest $400 million in a Russo brothers-founded company to expand to film and TV – Jay Peters

Nexon wants to expand its game franchises to film and TV. | Image: Nexon

Nexon, which develops the popular MMORPG MapleStory, wants to bring its gaming franchises to film and TV, and it’s investing nearly half a billion dollars — and the potential for more — to do so. The company announced Wednesday that it’s making a minority investment of $400 million in AGBO, a company founded by Avengers co-directors Anthony and Joe Russo and producer Mike Larocca, and says it will invest up to an additional $100 million in the first half of this year “if requested by AGBO.”

According to a press release, “the agreement is intended to accelerate the global expansion of Nexon’s existing and new franchise intellectual property (IP) in film and television and to further support AGBO’s development, production, and ownership of…

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