DoCoMo teams up with Avex to provide mobile video content

6 Oct 2008

NTT DoCoMo is reportedly teaming up with Avex Entertainment in February 2009 to establish a joint venture to offer on-demand video content distribution services for mobile phones. Japan Today carries an article in which it claims Avex Entertainment, a unit of Avex Group Holdings, will own 70% of the new joint venture, Avex Broadcasting & Communications, while the remainder will be owned by the mobile giant. The joint venture will be capitalised at JPY3.5 billion (USD33.2 million).