Leading tech company takes majority stakes in Moonlight Film and Sanai Pictures.Kakao M Corp, the entertainment division of South Korean tech giant Kakao Corp, has entered the film industry by acquiring majority stakes in local production houses Moonlight Film and Sanai Pictures.Kakao operates Korea’s leading mobile messaging service KakaoTalk, as well as the Daum web portal, streaming platforms for TV, music and webtoons, shopping services and navigation apps.Moonlight Film and Sanai Pictures, which often collaborate, are known for films such as the recent Ryu Jun-yeol-starrer Money, Yoon Jong-bin’s Cannes thriller The Spy Gone North, Kim
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