Company to pump up investment in film

Media conglom Kadokawa Group Holdings plans to raise Yen 10 billion ($117 million) by issuing convertible bonds this month.

It will pump $33 million into a new digital post-production facility at Kadokawa Studio — a massive amount for the local production biz. Construction will start in January and is skedded for completion by July 2011.

Kadokawa will invest $60 million in its digital and visual media businesses, including pic and game production while $5.8 million will go to boosting Kadokawa’s presence in the Chinese market.

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