"Cool Japan" fund to fund anime dubbing/subbing and Internet distribution

[aetherltd]

There is a new "Cool Japan" venture capital fund, with a capital of over ￥40,000,000,000, to promote Japan's pop culture.  This is a heavily funded effort by the government of Japan and some major companies. The government of Korea has been funding K-Pop, and Japan has decided they need to spend heavily to keep up.

They just bought 100% of SDI Media, the world's largest commercial dubbing/subbing operation, and a satellite TV channel for broadcasting J-Pop and fashion. They are also funding an online anime distribution operation called "Anime Consortium Japan Inc."