TOKYO, Dec 13 (Nikkei) - Japanese entertainment group Toho will invest $225 million in California-based film and TV studio CJ ENM Fifth Season under plans announced Monday, shifting its sights overseas as streaming squeezes Japan's movie industry.
The deal, which marks Toho's largest investment abroad, will give Toho a 25% stake in Fifth Season and turn it into an equity-method affiliate. ...continue reading