AD Vision Gets Financial Support

Japan’s Sojitz Corporation announced Monday that Japan Content Investments (JCI), an investment group run by Sojitz, Development Bank of Japan, and film distribution company KlockWorx, will contribute money to AD Vision in return for equity in the company. AD Vision founder John Ledford will remain the majority shareholder and CEO. JCI subsidiary ARM will also contribute money for AD Vision to use in acquiring new distribution licenses. The investment will allow ADV Films to raise its output of new anime titles, which had dropped in 2006, back to previous levels or above. In return, AD Vision will assist Sojitz with the acquisition of North American and European content for importation into Japan. AD Vision also reportedly, “has big plans for its manga business.”

Source: ICv2 News