GyaO, GREE Form Investment Venture for Anime Content
posted on by Joanne Mertz
Yahoo Japan subsidiary GyaO and the social networking platform GREE announced on Monday that they agreed to set up a fund and establish an investment management company for anime media content. Under the temporary name of "Future Contents Partners, Co.," the investment management company will not only deal with anime production, but also the development of social games and internet distribution. In collaboration with the other partners, GyaO is set to open a portal site for anime in the first half of 2013.
GyaO already hosts media content such as video games, e-books, and videos. Two popular GREE game titles, Driland and Odoriko Clinoppe (Dancer Clinoppe), have both inspired television anime, and GREE is the home of numerous anime-inspired mobile games.
Yahoo Japan entered a contract with GREE for a comprehensive business partnership last November, and established the new corporation as part of the larger business plan. The capital stock for the new corporation will be 100 million yen (about US$1 million), with both Gree and GyaO financing about 50%. Yusuke Dan from GyaO will be the new company's representative director.