By Kentaro Otsuka / Yomiuri Shimbun Staff Writer
Mitsubishi UFJ Financial Group Inc. $(MUFG)$ has announced that it has established a fund to invest in film production.
The fund will support a company established by major publisher Kodansha Ltd., and Credeus Inc., a production company known for the "Kingdom" movie series. MUFG also intends to seek backing from external investors.
By funding the Japanese film industry, which is considered financially weaker than those of other countries, MUFG aims to help create movies that can compete worldwide.
Mitsubishi UFJ Trust and Banking Corp. will handle the formation and management of the fund, as well as raising money from investors. MUFG Bank Ltd. will contribute 6.6 billion yen and will receive a portion of future box office revenues. The total size of the fund has yet to be decided.
In Japan, movies are usually made through the "production committee" system, in which related companies share costs. However, the use of this new fund is expected to allow for a wider array of potential backers, such as investors and financial institutions.
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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.
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June 10, 2025 05:22 ET (09:22 GMT)
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