News
Kadokawa, Dwango Invest in Each Other to Expand Tie-Up
posted on by Egan Loo
The major Japanese media company formed last October.
The two companies had already agreed to distribute Kadokawa's electronic books, films, anime, and other forms of media content on Dwango's services. Kadokawa Group Holdings is the parent company of the publishers Nico Nico Douga video-sharing site.
As part of their expanded partnership, Dwango acquired 730,000 shares or 2.68% of Kadokawa Group Holdings for 1,716,960,000 yen ($21,114,000). In return, Kadokawa Group Holdings acquired 16,800 shares or 8.48% of Dwango for 3,017,280,000 yen (US$37,104,000).
Kadokawa had agreed to allow part of the content from its new "Book Walker" electronic book service to be readable on the "Nico Nico Viewer" sofware for electronic books.
Sources: animeanime.biz
