Establishment of “Contents Bank”,
May 9, 2011
a joint venture to provide online video content Offer YOSHIMOTO KOGYO's content in Japan and overseas!
YOSHIMOTO KOGYO CO., LTD.
TV Bank Corporation (head office: Minato-ku, Tokyo, Representative: Tomotaka Nakagawa), a consolidated subsidiary of SOFTBANK CORP. (hereafter “SOFTBANK”) and Yoshimoto Creative Agency Co., Ltd. (head office: Chuo-ku, Osaka, Representative: Nobuhiro Mizutani), a wholly-owned subsidiary of YOSHIMOTO KOGYO CO., LTD. (hereafter “YOSHIMOTO KOGYO”) agreed to establish a joint venture, Contents Bank Inc. (head office: Chuo-ku, Tokyo, hereafter “Contents Bank”) to provide attractive content created and procured by the YOSHIMOTO KOGYO Group in Japan and overseas. Contents Bank will be established on May 10, 2011 to launch its operation.
Starting from today, “Yoshimoto Neta Network” site (hereafter “YNN”) launches its service to offer latest local information as part of “We live in your town” project, announced by YOSHIMOTO KOGYO on April 27, 2011. On the YNN site, Contents Bank will launch Ustream distribution of “Yoshimoto 47 prefectures channel”, which consist of live streaming by 47 units of entertainers assigned to each prefecture.
Contents Bank will take advantage of know-how and organizational power of the both Groups, and strive to expand user base of digital content service by offering a variety of YOSHIMOTO KOGYO's content through Ustream or PPLive, etc.
Outline of Contents Bank Inc.
|Representative||Tomotaka Nakagawa, President|
|Capital||JPY 25 million (capital reserve: JPY 25 million)|
|Capital structure||TV Bank Corporation: 60%
Yoshimoto Creative Agency, Co., Ltd.: 40%
About TV Bank Corporation
TV Bank Corporation is a provider of a uniquely developed live video distribution system and videos for 3G mobile phone and iPhone provided by SOFTBANK MOBILE Corp.
About Yoshimoto Creative Agency Co., Ltd.
Yoshimoto Creative Agency Co., Ltd. is an agency for entertainers, athletes, etc. and creates, distributes and produces variety of content.
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