Establishment of All Nippon Entertainment Works Co., Ltd. - – New Company to Support Overseas Development of Japanese Content –Aug 15th 2011
Innovation Network Corporation of Japan (INCJ) announced today that it would establish a new company to develop and introduce the Japanese copyrighted works to international audiences.
1. Establishment of New Company The Innovation Network Corporation of Japan (INCJ) announced today that it would make a 6 billon yen ($80 million) investment in a new company to engage in planning and development activities for introducing copyrighted works of Japanese companies and individuals to international audiences.
The aim of the new company is to remake attractive Japanese contents into films for the global market including Hollywood by working together with producers in the U.S., and to roll them out to TV programs, games and books (including novels and manga) to meet the needs of the global market.
The Ministry of Economy, Trade and Industry (METI) welcomes the establishment of the new company and expects that the activities of the new company will contribute to the deeper and wider appreciation of Japanese culture and to the growth of the Japanese contents industry.
2. Summary of the New Company Company Name: All Nippon Entertainment Works Co., Ltd. Investment amount: 6 billion yen ($80 million) (100% invested by INCJ) Collaboration partner companies: Asmik Ace Entertainment, Inc., Dentsu Inc., Fuji Television Network,Inc., Mitsubishi Corporation, Nikkatsu Corporation, Production I.G,Inc., TOHO-TOWA Company, Limited, Tokyo Broadcasting System Television,Inc. and Tomy Company, Ltd. (alphabetical order)
* The list will be further expanded and enhanced going forward.
Business activities: The new company will remake appealing movie stories, etc. in Japan for the global market and promote planning and development projects toward movie production in Hollywood jointly with producers in the U.S. The operation bases are planned to be established both in Tokyo and Los Angeles. Release Date August 15, 2011
Division in charge Media and Content Industry Division, Commerce and Information Policy Bureau