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Sony acquires majority stake in Peanuts for $457 million

Sony Music Entertainment Japan and Sony Pictures Entertainment have agreed to buy WildBrain's 41% stake in Peanuts Holdings LLC, the company behind the iconic Peanuts franchise, for CAN$630 million, or about $457 million USD. This will give Sony 80% ownership, while the Schulz family retains 20%. The deal ensures continued collaboration with WildBrain and Apple TV for future content.

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