Money will be used to expand wireless, new media
Stateside anime distributor A.D. Vision has received a $20 million infusion from a Japanese investor group led by Sojitz, a producer of anime and other filmed content, in exchange for a minority stake in the company.
Houston-based A.D. Vision, the No. 1 producer and distributor of anime outside Japan, intends to use the monies from Japanese Contents Investments to expand its wireless and new-media offerings. That’s an area of expertise for Sojitz, a holding company with more than $48 billion in annual sales.
A.D. Vision’s film division generates about $150 million of the more than $600 million in annual anime and manga sales Stateside. Its top sellers include “Neon Genesis Evangelion,” “Robotech” and “Hello Kitty.”
The company’s Anime Network is the first Stateside channel devoted to anime. ADV also has two publishing arms, monthly mag Newtype USA and ADV Manga, which is dedicated to graphic novels.