DreamWorks Gets $100M Japanese Investment
Created 04/26/2004 - 23:00
files/pictures/picture-35.jpgTokyo-based Kadokawa Holdings will invest $100 million in DreamWorks, reports VARIETY. This deal will make the Japanese media corporation 2.83% shareholder in the privately held studio, which was created by Jeffrey Katzenberg, Steven Spielberg and David Geffen in 1994. As part of the investment, Kadokawa will have exclusive distribution rights to DreamWorks films, videos, DVDs and other products in Japan. The deal is similar to ones DreamWorks has with Universal and Korean distribution company Cheil.
Kadokawa is a quickly expanding player in the Japanese market. It recently acquired a majority stake in Japanese film distributor and exhibitor Nippon Herald Film. Additionally, it owns distributor Asmik-Ace Ent. and film producer Daiei Co., which includes many Japan's classics.