‘Avengers’ Directors Sell Stake in Company at $1.1 Billion Value

Video-game maker Nexon Co. bought a $400 million minority stake in AGBO, the independent film production company co-founded by “Avengers” directors Joe and Anthony Russo, allowing both parties to develop games and films based on new entertainment properties.

The investment will give the Tokyo-based Nexon at least a 38% stake in the Los Angeles-based production company, valuing it at $1.1 billion, according to a statement Wednesday. AGBO may seek an additional $100 million from Nexon in the first half of this year.

Directors Joe and Anthony Russo

Photographer: Jesse Grant/Getty Images

The worldwide consolidation of independent television and film production companies picked up over the past year ...