Sojitsu Holding Takes Stake in Klockworx
Trading house Sojitsu Holding is set to take 17% of distribution company Klockworx, reports VARIETY. Sojitsu hopes to develop and market content for the international market, including live-action films and animation. Sojitsu will buy current Klockworx shares and will not participate in Klockworx management.
"We plan to set up a project team between our two companies to discuss areas of cooperation," Klockworx vp Itaru Fujimoto said.