Japan's Biggest Indie Film Distributor Gaga Sells 51 Percent Stake to Two Companies

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Tokyo

Huis Ten Bosch, operator of a theme park in Nagasaki, will take a 36 percent stake, while Creek & River, a staffing agency in the entertainment, gaming and advertising sector, will take 15 percent.

Tom Yoda, founder and chairman of Gaga, Japan's biggest independent film distributor, has sold 51 percent of the company, but will remain its biggest shareholder.

Huis Ten Bosch, operator of a theme park in Nagasaki, will take a 36 percent stake, while Creek & River, a staffing agency in the entertainment, gaming and advertising sector, will take 15 percent. Their combined stake makes Yoda, 76, a minority shareholder, though the board of directors and management are expected to continue in their present form.

Gaga announced a move into film and TV anime production in March, beginning with Itazura na Kiss, a live-action feature adaptation of a best-selling manga. The sale of the stake will raise money to strengthen such moves and diversify its business platforms, according to the company.


 

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