Squaresoft Manga Online

Square will be adding manga content to its Japanese Play Online website. According to Famitsu Magazine, in the spring of 2001, Square will jointly establish a new company with Shueisha (publisher of Shonen Jump manga magazine, which has a weekly circulation of around 5.8 million copies) to digitize manga and provide them online. Square has not finalized any of the details yet, including how users will browse manga, or how a potential fee would be levied. Square will post weekly manga stories from Shonen Jump on the internet. Shueisha will acquire a 70% stake in the new firm and Square will acquire the remaining 30%.

Source: Anime News Network