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> The main factor behind this shift appears to be the acquisition of Fontworks by the US-based Monotype in 2023.

When I read the headline, my bet was that the culprit would be US Private Equity, and that there's no way a Japanese or Chinese company would pull such a move. That kind of destructive rent extraction is just not in their normal playbooks.

Yeah, I wasn't entirely correct, but pretty damn close.