Nintendo jumps on higher profit target and new Zelda movie

Japanese gaming giant announces plan for live-action film with Marvel Studios

20231108 Zelda

Nintendo plans to co-produce a new movie based on The Legend of Zelda series. (Screenshot from Nintendo YouTube)

NATSUMI KAWASAKI, Nikkei staff writer

TOKYO -- Nintendo shares rose the most in over two and a half years on Wednesday after the Japanese gaming giant boosted its full-year profit forecast and announced the development of a new live-action movie based on its popular Legend of Zelda franchise.

The Tokyo-listed stock jumped as much as 7% after the movie deal was made public, marking Nintendo's latest push beyond its core gaming business after "The Super Mario Bros. Movie" earned more than $1.3 billion at the box office this year. The shares ended the day 6.1% higher at 6,774 yen ($45).

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