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.