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Hindustan Times
5 days ago
- Business
- Hindustan Times
Sony acquires stake in Bandai Namco, the company behind Pac-Man and Elden Ring: What it means
Sony is the brand behind PS5 and PlayStation at large, and has been making games for several decades. Over the years, Sony has invested heavily in other studios and publishers, and now the company has taken yet another step by investing in Bandai Namco. This is the same publisher behind games such as Pac-Man, Tekken, and recent classics like Elden Ring (made by From Software). Sony's headquarters in Tokyo, Japan.(Reuters) Sony announced this via a press release, describing it as a strategic partnership between Bandai Namco and Sony. As part of the deal, it has acquired 16 million Bandai Namco shares for approximately 68 billion yen, which works to around $464 million. Notably, this is not Sony's only recent strategic investment. The company has recently invested in several other domains, including an investment in FromSoftware's parent company, Kadokawa, after which the company acquired a 10% stake for approximately $300 million. Here is what Sony and Bandai Namco had to say "Through this business alliance and Sony's investment in Bandai Namco, as two of the leading Japanese entertainment companies, Bandai Namco and Sony will focus on expanding the fan community for IP such as anime and manga around the world and strengthening engagement, particularly in the anime field where rapid market growth is anticipated, while merging their strengths to create new and emotionally moving experiences for fans, and as a result of these efforts maximize the value of IP,' Sony said in a press release. Sony added, 'Bandai Namco and Sony have historically collaborated on various projects in the fields such as games, anime and music, and they plan to extend this collaboration to a broader range of areas. The two companies intend to implement initiatives including the expansion of works as well as products and services based on IP developed by Bandai Namco, leveraging Sony's strengths in areas such as the production and distribution of anime and other video content, as well as merchandising.' Bandai Namco's Nobuhiko Momoi said, 'The Bandai Namco Group promotes an 'IP axis strategy; that aims to maximize IP value by leveraging the appeal and worldview of IP, providing the optimal products and services at the optimal timing in the optimal regions. Momoi also added that Bandai Namco is "filled with excitement about the potential to create new entertainment by combining Sony Group's strengths and technological capabilities across various entertainment fields with Bandai Namco's IP axis strategy. Through this collaboration, we aim to connect with IP fans worldwide, co-create the future together, and realize our Purpose, 'Fun for All into the Future,' and Mid- to Long-term Vision, 'Connect with Fans.'' MOBILE FINDER: iPhone 16 LATEST Price
NDTV
22-07-2025
- Politics
- NDTV
Returning Home Is Just The First Step For Displaced Meitei Families In Manipur
Imphal West: After more than two years of heartbreak and displacement, several Meitei families made a poignant return to Kangchup, a village nestled in Lamshang subdivision of Imphal West district in Manipur. Once filled with laughter and life, their homes now stand as charred remnants of the ethnic violence that erupted in early May 2023 between the Meitei community and the Kuki tribes. The flames not only consumed their houses but also uprooted their lives, forcing them into relief camps overnight. Today, amidst the ruins, hope flickers again. With the government announcing plans to rehabilitate thousands of displaced families across the state, these villagers dare to dream of rebuilding, not just their homes, but also the bonds that once held their community together. Internally displaced person Angom Ongbi Memchoubi Devi expressed her gratitude. "We truly appreciate the government's initiative, and we are very happy at the prospect of returning to our respective homes. Living as dependents on others has been extremely difficult and uncomfortable," Ms Memchoubi told ANI. "Life in the relief camps is especially challenging. Many of us have been crammed into single rooms with no privacy. Even in the pre-fabricated shelters, the rooms are too small, and the attached bathrooms make daily life quite inconvenient. We wholeheartedly welcome the decision to allow us to return home," she added. More than 50,000 people from the Meitei community and Kuki tribes were internally displaced during the ethnic clashes, and the majority have spent over two years living in relief camps, waiting, hoping, and enduring. In Faijang area of Kangpokpi district, rows of fabricated sheet shelters have become makeshift homes, weathering both time and hardship. Here, 896 people from 184 families continue to live in limbo. While some young people have moved to other districts in search of education or jobs, many remain, with nowhere else to go. Camp in-charge Momoi acknowledged the government has provided essential facilities, but her heart still longs for Imphal, the city where her life once felt whole. In-charge of the IDP camp, Momoi, spoke to ANI about the current situation. "There's no major hardship here. All necessary facilities are being provided by the government. In terms of difficulties, there's nothing significant. But yes, we do miss Imphal -- we've lived there since childhood, went to school and college there, so of course we miss it," she said. At the IDP camp in Faijang, we met Thomas, a young man with a dream and a voice fluent in Hindi. Having lived in both Imphal and Delhi, Thomas aspires to become a journalist. But in the shadows of displacement, his journey is far from easy. He said the biggest challenge facing residents of the camp and nearby underdeveloped areas is not just survival, but access to quality healthcare, a basic right that still feels out of reach. "All of us from the Kuki community who can't return to Imphal due to the conflict have to go to Senapati. After that, for medical facilities, we have to travel to Dimapur, Guwahati, or even Delhi. We IDPs face many problems; some had their homes burned, some were looted, and some lost family members. Many people have also become mentally disturbed because of all this," said Thomas. As Meitei and Kuki families slowly begin their return, their resilience stands as a powerful reminder of the human spirit's endurance. Yet, true rehabilitation goes beyond physical resettlement; it requires lasting peace, adequate security, and access to essential services like healthcare and education. Only then can these communities move from survival to rebuilding lives with dignity, hope, and a renewed sense of belonging.
