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Yamaha Subsidiary to Establish Visual Content Company |
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At the meeting today of the Board of Directors of Yamaha Corporation (Yamaha), it was decided that consolidated subsidiary Yamaha Music Entertainment Holdings, Inc. (Hereinafter: YMEH; Location: Shibuya-ku, Tokyo; Representative: Keiji Taniguchi), will establish a visual content production company jointly with Atoss International Ltd. (Hereinafter: Atoss; Location: Minato-ku, Tokyo; Representative: Chiaki Shiromizu), a company engaged in the broadcasting business and sales of program production services.
As part of activities to strengthen Yamaha’s musical software business, Yamaha made a 10% equity investment in Atoss in March this year, and the two companies began a cooperative relationship. When YMEH was established this June, this investment was carried over, and the two companies will now establish a new company through joint investment to further promote their visual content businesses. The details are as follows:
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| 1.Outline of the New Company |
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Company name |
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Yamaha Atoss Music and Visuals, Inc. |
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Date of establishment |
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October 1, 2007 |
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Address |
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16-7, Dogenzaka 1-chome, Shibuya-ku, Tokyo, Japan |
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Representative |
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Junichi Sumii, Representative Director and President |
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Paid-in capital |
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¥40 million (with YMEH investing 55% and Atoss 45%) |
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Lines of business |
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Sale of planning and production services for packaged visual content products; management and operation of related licenses; visual content, broadcast program planning, and production; and agent business as well as other related services. |
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Sales |
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Target of approximately ¥1.2 billion in annual sales by the fifth year after establishment |
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| 2.Outline of the Companies Investing in Yamaha Atoss Music and Visuals, Inc. |
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Company name |
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Yamaha Music Entertainment Holdings, Inc. |
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Date of establishment |
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June 1, 2007 |
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Address |
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16-7, Dogenzaka 1-chome, Shibuya-ku, Tokyo, Japan |
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Paid-in capital |
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¥100 million (wholly owned subsidiary of Yamaha) |
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Representative |
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Keiji Taniguchi, Representative Director and President |
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Lines of business |
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In overall management of the music entertainment businesses of the Yamaha Group. |
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Company name |
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Atoss International Ltd. |
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Date of establishment |
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July 29, 1989 |
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Address |
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BOIS Building II, 6-9, Minami Aoyama 2-chome, Minato-ku, Tokyo, Japan |
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Paid-in capital |
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¥257 million |
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Shareholders |
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Chiaki Shiromizu, Keiichiro Tsukamoto (President/CEO of Impress Holdings, Inc.), E-Holdings Co., Ltd., YMEH, Television KANAGAWA, Inc. |
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Representative |
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Chiaki Shiromizu, President and CEO |
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Lines of business |
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Broadcasting under Japan’s Broadcasting Law; planning, production, and sales of broadcast programs; planning and production for advertisements, publicity, and sales promotion; creating and operating corporate in-house, satellite-based telecommunications systems; and planning, production, and sale of DVD packages. |
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For further information, please contact
Yamaha Corporation
Public Relations Division, Public Relations Group
TEL. +81-3-5488-6601
FAX. +81-3-5488-5060
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