Tokyo TV to set up new animation company in China

According to the Nikkei, Tokyo TV Holdings will set up a new production company in China to distribute Japanese anime series in China and produce programmes for local markets. The new company will co-finance with local partners and will be responsible for programming by local companies. The program will be broadcast on a Chinese video platform with the goal of the new company to be profitable by 2024.

Tokyo TV to set up new animation company in China

Tokyo TV is expected to invest 2 billion yen ($18.3 million) in its initial capital alone.

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