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Miyamotoo on 24 October 2016
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bunchanumbers said:
onionberry said:

They are expanding to other business like movies and orlando parks, even restaurants. They still own a small part of the team but is not like the team was a money maker for them.

But it could have been. TV deals for sports teams go into the billions now. Sure the investment in the team has paid for itself many times over, but they still could have made more money in the long run by owning the team.

 

Cobretti2 said:
Platina said:
That's a lot..

Wonder if they would have made more if they held onto the team for longer, but a quick way to make a lot of money

easily more money in the long term. ticket revenue, sponsorship deals. merch profits.  

 

They said they selling Marines stake because they want to invest that money in other business that way more important for their core bussines, they said that money will be used for Nintendo themed parks (If I recall those parks will costa around $300-400m), movies, toys and otherNintendo merchandaise, restaurants...so not that they will only make profit from those new business but that will be huge marketing for their IPs and that will directly influence on better selling of their products. All that is huge part of their plan of levering awareness and visibility of their IPs in almost every aspect of life, so with all that on mind actualy Mariners stake is great move from Nintendo.