ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Sony steps up quest for content with 'Peter Rabbit' purchase

Silvergate Media acquisition brings entertainment M&A to over $3.5bn

Silvergate Media developed the "Peter Rabbit" TV series. (Photo courtesy of Sony)

TOKYO/PALO ALTO, U.S. -- Sony is accelerating its transformation from a consumer electronics maker into a media enterprise with its latest acquisition of the company behind the animated "Peter Rabbit" series.

Sony announced this week that it bought Silvergate Media Group for about $195 million. The company has now spent more than 400 billion yen ($3.66 billion) in less than two years to acquire movie, TV and music companies in search of new avenues for growth.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more