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NEWS: Japan's Ministry of Finance Aims to Make Cool Japan Fund Profitable by 2025 or Risk Consolidat




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Aresef



Joined: 22 Jun 2005
Posts: 852
Location: MD
PostPosted: Wed Nov 23, 2022 6:16 pm Reply with quote
Quote:
Cool Japan Fund and Sentai Filmworks CEO John Ledford have invested in Sentai Holdings, LLC — the parent company of Sentai Filmworks, HIDIVE, and Anime Network.


Doesn't AMC own Sentai et al now?
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dragonmastr



Joined: 09 Feb 2012
Posts: 183
PostPosted: Wed Nov 23, 2022 6:39 pm Reply with quote
If Cool Japan's existence is mainly for promoting anime and manga on an international level, how do they even expect to measure "profitability"?
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WANNFH



Joined: 13 Mar 2011
Posts: 1362
PostPosted: Wed Nov 23, 2022 9:26 pm Reply with quote
dragonmastr wrote:
If Cool Japan's existence is mainly for promoting anime and manga on an international level, how do they even expect to measure "profitability"?
Considering most of their investment doesn't even touch the manga and anime industry that much at all (it's mostly promoting a Japanese business - like inbound tourism, apparel fashion brands and food services), that barely even scratches where they actually making "profits" (and how much they sank on the thing that looked good on paper, but these areas are what exactly got hit first by the heavier COVID restrictions and now they are in massive debt).
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-Matthew-



Joined: 12 Mar 2022
Posts: 453
PostPosted: Wed Nov 23, 2022 11:29 pm Reply with quote
WANNFH wrote:
dragonmastr wrote:
If Cool Japan's existence is mainly for promoting anime and manga on an international level, how do they even expect to measure "profitability"?
Considering most of their investment doesn't even touch the manga and anime industry that much at all (it's mostly promoting a Japanese business - like inbound tourism, apparel fashion brands and food services), that barely even scratches where they actually making "profits" (and how much they sank on the thing that looked good on paper, but these areas are what exactly got hit first by the heavier COVID restrictions and now they are in massive debt).

Sad if it is true. And I believed they promote in anime and manga.
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Alan45
Village Elder



Joined: 25 Aug 2010
Posts: 9444
Location: Virginia
PostPosted: Thu Nov 24, 2022 7:40 am Reply with quote
What would they "consolidate" it with? The aged politician's full employment fund? The Pork Producer's Board?

This sounds like that one employee at an office. Constantly being placed on one PIP (personal improvement plan) after another. Always on the edge of being fired but never quite there.
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Hoppy800



Joined: 09 Aug 2013
Posts: 3153
PostPosted: Thu Nov 24, 2022 10:23 am Reply with quote
Scrap it, it's a giant money sink beyond belief.
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Ashen Phoenix



Joined: 21 Jun 2006
Posts: 2796
PostPosted: Thu Nov 24, 2022 10:32 am Reply with quote
I'm not familiar with this beyond its name so I'm curious: Has Cool Japan made a trackable contribution to Japan's tourism by way of anime/manga/pop culture promotion across the globe? Like, does anyone have those numbers to argue for its continued existence?
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TarsTarkas



Joined: 20 Dec 2007
Posts: 5582
Location: Virginia, United States
PostPosted: Fri Nov 25, 2022 3:50 am Reply with quote
I still don't understand how you can measure profitability for an organization that promotes Japan. It is not a business, unless it is creating anime shows or manga. Which doesn't seem to be the case.

Now if they are financially in the red, that means they have taken out loans or royalely failed to budget their expenses properly. That has nothing to do with profitability. If they are in the red, someone needs to go to jail.
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Ming Yi



Joined: 20 Dec 2005
Posts: 182
PostPosted: Fri Nov 25, 2022 6:58 am Reply with quote
One thing that isn't mentioned in this article but by Asahi Shimbun is that an insider stated that the hallyu wave has overtaken public global interest over Cool Japan. K-pop, K-beauty, and Korean fashion are popular among Gen Z Japanese youth, and avant-garde Japanese fashion sub-cultures like gyaru are slowly going out of style as more young Japanese people are now dressing conservatively (i.e. long skirts).
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Blanchimont



Joined: 25 Feb 2012
Posts: 3037
Location: Finland
PostPosted: Fri Nov 25, 2022 10:35 am Reply with quote
Ming Yi wrote:
One thing that isn't mentioned in this article but by Asahi Shimbun is that an insider stated that the hallyu wave has overtaken public global interest over Cool Japan. K-pop, K-beauty, and Korean fashion are popular among Gen Z Japanese youth, and avant-garde Japanese fashion sub-cultures like gyaru are slowly going out of style as more young Japanese people are now dressing conservatively (i.e. long skirts).

That made me think of something people here often used to say; When economy is in a boom women tend to dress in skimpier skirts, and when on the other hand economy is in a slump women tend to dress in longer skirts.

Probably just an old wife's tale and not related in any way of course. But looking at the world right now.... Confused
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invalidname
Contributor



Joined: 11 Aug 2004
Posts: 2309
Location: Grand Rapids, MI
PostPosted: Fri Nov 25, 2022 4:55 pm Reply with quote
To paraphrase a comment on the AWO Discord, what would be “cool” would be not seeing “this video is not available in your region” on practically all Japanese pop-culture content on YouTube. One reason Korean pop culture is gaining traction is the simple reason that it’s more readily available than its Japanese counterpart.
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