Toei turns venture into subsidiary

Company to buy shares from partner

Toei Animation, Japan’s biggest toon production house, will turn its Hong Kong joint venture into a wholly owned subsidiary, the company has announced.

Toei will buy the shares in the subsid, Toei Animation Enterprises, from its local partner, Animation Intl., a Hong Kong-based contents production company.

More Japanese toon companies are expanding their presence in China. On Friday, Tokyo-based toon house GHD will begin beaming toons in China via the Internet and TV in association with Chungwha Telecom. Called Gonzo Channel, specialty channel will offer GDH-produced toons with Chinese subtitles.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety