Kadokawa, Dwango invest in each other to expand the tie

The mainstream Japanese company Kadokawa Group Holdings and the company's online services Dwango announced Thursday that they are investing in each other to expand the Alliance formed last October.

The two companies had already agreed to distribute eBooks of Kadokawa, movies, anime and other forms of content for media on Dwango services. Kadokawa Group Holdings is the parent company of the publishing house Kadokawa Shoten, ASCII Media Works, Fujimi Shobo and Enterbrain; Kadokawa Pictures is also the parent company of the company. DWANGO is the corporate home of Niwango, the company that runs the Nico Nico Douga video-sharing site.

As part of its expanded partnership, Dwango acquired 730,000 actions or 2.68% of shares of the Kadokawa group by 1,716,960,000 yen (about US $ 21,114,000). In return, Kadokawa Group Holdings acquired 16,800 actions or 8.48% of Dwango by 3,017,280,000 yen (US $ 37,104,000).

Kadokawa agreed to allow part of the content of its new e-book "Book Walker" service to be readable in the "Nico Nico Viewer" downloads of eBooks.

Sources: animeanime.biz
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