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MAPPA Signs Business Partnership With CyberAgent As CyberAgent Takes Stake In Parent MHD

MAPPA and CyberAgent signed a business partnership agreement on November 11, and CyberAgent acquired a portion of the shares in MHD Inc., MAPPA's parent company. The investment size was not disclosed.

Reporting from 6 sources: Anime News Network, KAI-YOU, Denfaminicogamer, Anime Anime, and 2 more.

Why it matters

CyberAgent now holds shares in MAPPA's parent MHD without changing MAPPA's management, which puts a streaming and advertising group inside the corporate structure of a studio it already works with on ABEMA and game adaptations.

MAPPA Signs Business Partnership With CyberAgent As CyberAgent Takes Stake In Parent MHD

Key Facts

  • MAPPA and CyberAgent signed a business partnership agreement on November 11, 2026.
  • CyberAgent acquired a portion of shares in MHD Inc., MAPPA's parent company; the size of the stake was not disclosed.
  • MAPPA's management structure is unchanged and the studio will continue as an independent animation studio.
  • The partnership covers consideration of cooperation in anime planning and production, broadcasting and streaming, games, merchandise, and events.
  • MAPPA President Manabu Otsuka also holds the president title at MHD Inc.

MAPPA's management structure stays the same, and the studio said it will keep working as an independent animation studio. The two companies will consider cooperation across anime planning and production, broadcasting and streaming, games, merchandise, and events, combining MAPPA's animation production with CyberAgent's experience in media, game operations, and advertising. They have already worked together on planning, ABEMA broadcasts and streaming, and game adaptations. MAPPA President Manabu Otsuka said the studio will keep prioritizing work quality at an appropriate pace. CyberAgent President Takahiro Yamauchi said both sides share a creative-first value and will work from a medium- to long-term view so anime from Japan can reach audiences abroad.

CyberAgent formed its Anime & IP Business Headquarters in February 2024, and the MAPPA deal extends a run of anime investments: CygamesPictures became a consolidated CyberAgent subsidiary and was renamed Cypic earlier in 2026, and CyberAgent also set up the animation studio CA Soa. The stake in MHD is the piece that ties a production house to that distribution and IP apparatus. MAPPA President Manabu Otsuka also holds the president title at MHD.

The relationship predates the agreement. Cygames, part of the CyberAgent group, commissioned MAPPA to produce the 2014 anime Rage of Bahamut: Genesis, and the two presidents have exchanged views for about eight years, according to a dialogue published on both companies' websites. MAPPA, founded in 2011, has worked on Jujutsu Kaisen, Chainsaw Man, and Attack on Titan, and it launched the music label mappa records in 2025. The scope under discussion runs from planning and production to broadcast, streaming, game adaptation, merchandise, and events.

Written with AI by Yomimono from the 6 cited sources below, including Japanese-language reporting where cited. See our editorial policy.

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Sources