Japan's Kadokawa Holdings, the core company of theKadokawa media group, has announced a wide-ranging tie-up with leading Koreanfilm outfit CJ Entertainment.
Kadokawa officials told reporters in Tokyo that the twocompanies will jointly produce films using Kadokawa comics, novels and othercontents as source material. In addition to film investment, they will partnereach other in international film sales, as well publishing and otherfilm-related businesses.
The first fruit of this union will be One Missed Call3 (Chakushin Ari 3), the third installment in Kadokawa's popular horrorfranchise.
Commenting on the tie-up, Kadokawa Holdings chairmanTsuguhiko Kadokawa said: "The Korean film industry continues to producesuperbly talented people, while building a system with companies like CJ thatstrongly supports their work. I think the current Korean film boom willcontinue a long time."
CJ Entertainment's production credits include the hits JSA(Joint Security Area), Untold Scandal and Memories ofMurder. It also distributes DreamWorks films in Korea, Hong Kong and China,while operating Korea's largest exhibition circuit.
Kadokawa has been aggressively expanding its media empirein recent years, including the launch of a new production arm, Kadokawa Pictures,the acquisition of distributor Nippon Herald and an investment stake inDreamWorks.