Kadokawa nabs rival’s distrib

Co. to invest in films based on books it publishes

TOKYO — Kadokawa Shoten Publishing announced Monday that it is buying rival Tokuma Shoten Publishing’s film producer/distrib Daiei, including its 1,600-strong library, in a deal estimated to be worth 2 billion to 3 billion yen ($17.24 million to $25.86 million).

This is one more step in Tokuma’s debt reduction, and part of a major overhaul of Kadokawa’s visual content business. A Kadokawa subsidiary will take over Daiei’s operations which will be integrated into the publisher’s expanding film business.

Kadokawa’s aim is to shift film investment into films based on books it publishes and towards those for which it can secure video and DVD rights.

Daiei’s operating profit increased by 79% to $2.6 million in the year ended August 2001. In comparison, Kadokawa’s movie and visual content business lost about $6.9 million in the year ended March 31.

More Film

  • Solo A Star Wars Story

    'Solo: A Star Wars Story' Earns $11.4 Million at International Box Office

    TOKYO — Kadokawa Shoten Publishing announced Monday that it is buying rival Tokuma Shoten Publishing’s film producer/distrib Daiei, including its 1,600-strong library, in a deal estimated to be worth 2 billion to 3 billion yen ($17.24 million to $25.86 million). This is one more step in Tokuma’s debt reduction, and part of a major overhaul […]

  • Transilvania Pitch Stop Looks to Fast-Track

    Transilvania Pitch Stop Looks to Fast-Track Regional Co-Productions

    TOKYO — Kadokawa Shoten Publishing announced Monday that it is buying rival Tokuma Shoten Publishing’s film producer/distrib Daiei, including its 1,600-strong library, in a deal estimated to be worth 2 billion to 3 billion yen ($17.24 million to $25.86 million). This is one more step in Tokuma’s debt reduction, and part of a major overhaul […]

  • solo a star wars story

    Box Office: 'Solo: A Star Wars Story' Flies to $14.1 Million on Thursday

    TOKYO — Kadokawa Shoten Publishing announced Monday that it is buying rival Tokuma Shoten Publishing’s film producer/distrib Daiei, including its 1,600-strong library, in a deal estimated to be worth 2 billion to 3 billion yen ($17.24 million to $25.86 million). This is one more step in Tokuma’s debt reduction, and part of a major overhaul […]

  • Touch Me Not

    Golden Bear Winner Adina Pintilie on Exploring Intimacy in 'Touch Me Not'

    TOKYO — Kadokawa Shoten Publishing announced Monday that it is buying rival Tokuma Shoten Publishing’s film producer/distrib Daiei, including its 1,600-strong library, in a deal estimated to be worth 2 billion to 3 billion yen ($17.24 million to $25.86 million). This is one more step in Tokuma’s debt reduction, and part of a major overhaul […]

  • Harvey Weinstein arrested

    Harvey Weinstein Charged With Rape and Other Sex Crimes, Barred From Travel

    TOKYO — Kadokawa Shoten Publishing announced Monday that it is buying rival Tokuma Shoten Publishing’s film producer/distrib Daiei, including its 1,600-strong library, in a deal estimated to be worth 2 billion to 3 billion yen ($17.24 million to $25.86 million). This is one more step in Tokuma’s debt reduction, and part of a major overhaul […]

More From Our Brands

Access exclusive content