MUFG plans movie production fund to boost Japan's content industry
TOKYO -- Mitsubishi UFJ Financial Group is launching a fund to finance Japanese movie production, starting with a more than 6 billion yen ($42 million) investment in a business set up by publisher Kodansha, aiming to boost the competitiveness of the nation's content industry.
MUFG Bank will contribute about 6.6 billion yen to the fund, with external institutional investors also being invited to contribute. The total size of the fund will not be disclosed.
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