Tuesday, February 26, 2013

GyaO, Gree To Create Joint Venture To Invest In Anime Content

TOKYO (Nikkei)--GyaO Corp., a Yahoo Japan Corp. (4689) subsidiary and online content provider, and Gree Inc. (3632) said Monday they will establish an investment firm for anime content on May 31.

They will each contribute half of the 100 million yen capital for the new company, tentatively called Future Content Partners Inc. GyaO and Gree formed a comprehensive business tie-up in November.

Future Content Partners will develop online anime distribution and social games by investing in the production of new anime content. GyaO Chief Operating Officer Yusuke Dan will serve as president, and Gree President Yoshikazu Tanaka will sit on the board of directors.

(The Nikkei, Feb. 26 morning edition)

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