TOKYO, Apr 10 (Pulse News Wire) – TBS Holdings,inc. (9401.T) finalized details of its joint venture with CJ ENM Co., Ltd.
And U-NEXT HOLDINGS, set to launch on April 10. The venture, named StudioMonowa, aims to establish a global production system for intellectual property (IP). Located at Tokyo, Minato Ku Nishishinbashi Ni Choume 7-4 CJ Building, the company's capital will amount to ¥1.250 billion. CJ ENM will hold 51%, TBS Holdings will contribute 40%, and U-NEXT HOLDINGS will invest ９%.
StudioMonowa will focus on planning video content, acquiring and developing IP. The company’s net assets stand at ¥2.500 billion and total assets are valued at ¥2.500 billion. Several executives from TBS Holdings and its subsidiaries will concurrently serve as directors and officers of StudioMonowa. In related developments, TBS Holdings plans for StudioMonowa to become a subsidiary through additional investments totaling 40%.
The establishment of StudioMonowa marks a significant step towards enhancing TBS Holdings' global entertainment presence.
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