Nintendo‘s share price has jumped in value following its announcement that a Zelda movie is in the works.
The company’s share price closed at ¥6,382 on Tuesday, after which Nintendo made the announcement.
When trading started again today, the price immediately surged, by as much as 6.7% at one point, and at the time of writing sits at around ¥6,780.
It’s the highest the company’s share price has been since June 2021, when at one point it closed at ¥6,858.
Bloomberg columnist Gearoid Reidy also posted on Twitter that the increase is the biggest jump since December 2020.
Following years of speculation, Nintendo announced yesterday that it will be involved in the making of a Legend of Zelda movie.
The film will be produced by Shigeru Miyamoto, representative director and fellow of Nintendo, and veteran Hollywood producer Avi Arad, the former chief creative officer of Marvel Entertainment.
It will be co-produced by Nintendo and Arad Productions, and will be directed by Wes Ball, the director behind the Maze Runner trilogy and next year’s Kingdom of the Planet of the Apes.
During its latest earnings report on Tuesday, Nintendo announced that the Switch has now cleared 132.46 million lifetime sales.
During the three months until September 30, Nintendo reported operating profit of ¥94.5 billion and revenue of ¥334.9 billion, which were both up on analysts’ expectations.
Nintendo kept its hardware sales forecast the same at 15 million but said it was raising its software sales outlook by 5 million units to 185 million.
Switch has to sell just over 21 million units more if it’s to become Nintendo’s best-selling hardware ever, beating Nintendo DS‘s 154 million.