From Spidey to Snoopy, Hollywood’s Acquisition Mania Has Come for ‘Peanuts’

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It’s got Spider-Man, it’s got Slimer, and now Sony adds another powerful “S” to its slate: Snoopy. Yes, Sony now controls the Peanuts gang in yet another case of Hollywood acquisition mania.

This week, Sony Pictures Entertainment and Sony Music Entertainment (Japan) bought a 41% share of Peanuts Holdings LLC, the company that owns the Charles M. Schulz-created property, from WildBrain for roughly $457 million. Of course, 41% is less than half, but Sony Music Entertainment…



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From Spidey to Snoopy, Hollywood’s Acquisition Mania Has Come for ‘Peanuts’



It’s got Spider-Man, it’s got Slimer, and now Sony adds another powerful “S” to its slate: Snoopy. Yes, Sony now controls the Peanuts gang in yet another case of Hollywood acquisition mania.

This week, Sony Pictures Entertainment and Sony Music Entertainment (Japan) bought a 41% share of Peanuts Holdings LLC, the company that owns the Charles M. Schulz-created property, from WildBrain for roughly $457 million. Of course, 41% is less than half, but Sony Music Entertainment…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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