Company nabs majority stake in TV unit
TOKYO — TV Asahi announced Thursday that it has bought a majority stake in toon house Shin-ei Animation.
Shin-ei is best known for producing the long-running “Doraemon,” “Crayon Shin-chan” and “Atashinchi” series that air weekly on TV Asahi. Net on Wednesday acquired $28.5 million in Shin-ei shares, or 80%, boosting its holdings in the company to 90%. The network bought a 10% stake in Shin-ei in 2003.
The two companies plan to combine their respective strengths to develop toons and business opportunities on the Internet and abroad.
Founded in 1976, Shin-ei recorded $37 million in sales in the fiscal year ended in June.