Culture Convenience Club Co., Ltd. (hereinafter "CCC") and Sharp Corporation (hereinafter "Sharp") announced today that they have signed an agreement to establish a joint venture company for an e-entertainment content service business. The joint venture company will manage content service offering newspaper, magazine, video and audio content, for Sharp's "GALAPAGOS" tablet terminal and Sharp smart phones*1.

 

1. Joint Venture Company Overview

・Company Name：TSUTAYA GALAPAGOS Co., Ltd.
・Location：Shibuya-ku, Tokyo, Japan
・Representative：Rie Nakamura, Representative Director, President
・Principal Business：Management of "TSUTAYA GALAPAGOS"Delivery and sales of e-content, Advertisement service
・Capital：100 million yen
・Establishment Date：December 1, 2010
・End of Fiscal Year：March
・Net Assets：200 million yen
・Total Assets：200 million yen
・Shareholding Ratio：CCC: 51%, Sharp: 49%
 

2. Schedule
・November 19, 2010：Signature of agreement for the establishment of the joint venture
・December 1, 2010：Establishment of the joint venture company
・December 2010 (plan)：Start of e-entertainment content service business including newspaper and magazine content

 

*1 Sharp's smart phone supporting this service is planned to be released in the spring of 2011.