PRESS CONTACT: Shigeyoshi Fujiwara Corporate Communication, Faith Inc. mail_to_ir@faith.co.jp TEL: +81-(0)3-5776-6255 FAX: +81-(0)3-5776-6256 |
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Giga Networks in Faith Group makes MVP and Media Complex its subsidiaries |
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Tokyo-April 26, 2007---Giga Networks, Inc. (hereinafter referred to as gGiga Networksh), a subsidiary of Faith, Inc. (hereinafter referred to as gFaithh), has decided to make MVP, Inc. (hereinafter referred to as gMVPh) and Media Complex Co., Ltd. (hereinafter referred to as gMedia Complexh) its wholly owned subsidiaries by acquiring all of the stock owned by Aeria Inc. and the Aeria Group. MVP is active in digital content creation, production and distribution, while Media Complex is engaged in the content distribution business focusing on the senior-oriented market. About MVP Itfs cores of the business are the creation and production of digital content for mobile phones utilizing a wide array of entertainers, procurement of distribution rights for video content, and creation and production of the cross-media content compatible among online game, radio programmes and videos for PC. Content created and produced by MVP is distributed on a mobile phone website managed by the company itself and also on a video distribution website managed by other companies. About Media Complex Established in July 2006 through a joint investment between MVP and Fandango Inc. (hereinafter referred to as gFandango,h) a Yoshimoto Kogyo Group subsidiary, to develop video content distribution business targeting senior audience including the baby boomer generation. In November 2006, Media Complex launched www.warau-senior.com, a free video site for PC users that distributes comedy content targeting senior-oriented market such as classical rakugo and manzai, in cooperation with Fandango. Giga Networks strengthens the video content distribution business by utilizing the video and other digital content creation capabilities acquired by MVP as well as its marketing know-how and the results of its efforts in procuring rights for the distribution of video content and also by providing services for mobile phone and PC users to paying subscribers of over 3 million held by Giga Networksf mobile content distribution services. Giga Networks is the top-runner of this field in Japan with the largest number of paying subscribers to its mobile service targeting the senior market. By making senior-oriented content distributor Media Complex a subsidiary, Giga Networks will create and cultivate the market for distribution of senior-oriented content which is expected to undergo rapid expansion. |
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About Faith, Inc. (Stock code: 4295, TSE 1st section. Head office: Nakagyo-ku, Kyoto, CEO&President: Hajime Hirasawa) Faith is the pioneer of the ringtone business for the mobile phones. Originally, the concept of ringtone distribution started from this company. It commercialized the idea, and expanded the business not only within Japan, but also into the 21 countries throughout the world, including North America, Europe, the Asia-Pacific region, and South America. Moreover, the company provides the wide-ranging services such as on-line game and music distribution, and issuance of the electric money to settle e-commerce shopping. In future, Faith aims to provide the higher added-value service through the creation of ga new scheme for the distribution of the digital contenth in the global scale in various environments such as mobile phones and PCs. For more information, visit http://www.faith.co.jp/ |
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About Giga Networks In addition to providing ringtone distribution services for mobile phones, Giga Networks (head office in Shibuya-ku, Tokyo; President Keizo Odori, Shareholers: Faith, Inc. 95.4%, Yoshimoto Kogyo, Co., Ltd. 4.6%) undertakes planning, development, and distribution of entertainment content such as movies, music, and concert information. gChakushin Melody Gigah, which started in September 1999 as an i-mode site providing ringtone services, currently boasts a paid-membership of over 3 million subscribers. By making use of the users reach, Giga Networks expands and promotes high value-added services for future generation. For more information, visit http://www.giga.co.jp/ |
©2007 Faith, Inc, All Rights Reserved. |