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Story summary
- Sony Pictures Entertainment and Sony Music Entertainment Japan acquired an 80% stake in Peanuts Holding LLC for $460 million, buying WildBrain's 41% stake.
- The Schulz family retains the remaining 20% stake.
- Sony will leverage its network to strengthen the Peanuts brand, which has a 75-year legacy.
- Executives will preserve Charles Schulz's legacy while pursuing opportunities to keep the franchise relevant.
- WildBrain will continue its partnership to support ongoing brand success.
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