“There are plenty of artist-led companies that do tiny, little obscure arts films whose purpose is to challenge and disturb audiences, and there’s certainly a role for them in the media business,” Van Dyk said. Nexon was comfortable with that arrangement because the two sides agreed on their vision for creating popular franchises, he said. Nexon has the option to invest an additional $100 million in AGBO, if requested, in the first half of this year.īut Van Dyk, who previously held executive roles at Disney and Activision Blizzard, said it was important for AGBO to continue to be creatively independent. AGBO co-founder and Russo producing partner Mike Larocca said the companies expect to announce specifics of how they might collaborate in the coming months. Nexon may also dig into AGBO’s intellectual property to grow new games, the executives said. AGBO is looking at Nexon games that it could develop into entertainment franchises.
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