According to Asahi Newspaper, Innovation Network Corporation of Japan (INCJ) has invested six billion yen ($77 million) in the establishment of a new company “All Nippon Entertainment Works”. The company will acquire film rights of Japanese anime and toys and produce movies in Hollywood with producers in the US. INCJ plans to acquire ten film rights and an investment of three billion yen in the first three years.
INCJ is an investment corporation funded by Japanese government and Development Bank of Japan. The business of INCJ is supervised by Japanese Ministry of Economy, Trade and Industry.
Source: Asahi.com
