J:COM to consider full stake in Asmik Ace

Tokyo, japan -- Japan's No. 1 cabler Jupiter Telecommunications (J:COM) intends to acquire all shares of indie distrib and pic producer Asmik Ace Entertainment and turn it into a wholly possessed subsid. J:COM aims to include original content from Asmik to the program line-up. Initially, J:COM tends to buy the 96.6% of Asmik Ace shares possessed through the Sumitomo buying and selling house, using the transfer to happen within thirty days, based on Japanese press reviews. No cost has yet been introduced. It'll then get the remaining shares. Asmik Ace were built with a complicated birth, taking its current form inside a merger of pic producer Ace Pictures and distrib Asmik in 1998. In 2004, when then co-owner Kadokawa Holdings acquired exclusive privileges to distribute DreamWorks photos in Japan, Asmik Ace required control of publicity and distribution. This Year, Sumitomo bought Kadokawa's 20% stake in Asmik Ace, improving its share to the present 96.6%. Among Asmik Ace's recent releases are "Spy Kids 4D," "Scream 4" and "50/50," along with the domestic mellers "Bread of Happiness" and "A Yell From Paradise." J:COM expects to give the 270 photos that Asmik Ace is the owner of the privileges on its movie channels. Asmik Ace will even produce five to 10 original dramas yearly for J:COM strands, while its photos is going to be launched concurrently in theaters as well as on J:COM's VOD services. Asmik Ace content is going to be open to mobile phone customers via J:COM partner KDDI's Lismo streaming service. By The month of january, J:COM had 3.63million cable customers, up 6.7% on a single month the year before. It's 7.14 million subs because of its combined cable, Internet and telephony services, up 9.5% on 2011. Contact the range newsroom at news@variety.com