Kadokawa Holdings (HD), thecore company of
Kadokawa will be the firstJapanese company to enter the Chinese multiplex market with a Chinese partner.
The two partners will soonlaunch a joint venture company that will build and manage the multiplexes, withthe first two opening in
The new joint venturecompany, Sun Wah Kadokawa, will be headquartered in
By the end of 2006, Sun WahKadokawa expects to be operating 44 screens and achieve sales of $14.8m (Y1.7bn)in the 2007 fiscal year.
Sun Wah's business interestsspan several areas including real estate, foodstuff, financial services andmedia. Its media arm is involved in film and TV production, mainland filmdistribution and it already operates a cinema in the Chinese city of
Celebrating its 60thanniversary this year, Kadokawa HD has interests in a wide range of mediabusinesses. Its group companies include Asmik Ace Entertainment, KadokawaPictures and Nippon Herald.