DoCoMo Buys 3 Percent Of Nippon TV For $112 million

Another in Japanese operators’ efforts to shore up their content offerings: Japanese incumbent DoCoMo has bought a 3 percent stake in Nippon Television Network for 13.3 billion yen ($111 million). The two companies teamed up last April to launch a mobile TV service and this moved is aimed at strengthening ties between the two companies…which sounds like DoCoMo is trying to shore up its content offerings.
Last year DoCoMo acquired a 2.6 percent stake in Fuji Television Network, Japan’s biggest broadcaster and in 2005 it acquired a stake in Tower Records Japan for $100 million.
Variety: Following the earlier deal last year, the partners launched D.N. Dream Partners, a $84 million content fund, in April. Structured as a seven-year limited liability partnership, the fund has since contributed coin to the two hit “Death Note” pics, as well as NTV toon series “Sasami.”
Some more details in the release here.

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