Fuji HD and SBI Group have announced a capital and business alliance and will establish a joint venture focused on music concerts and events. The companies are reportedly planning to support the international expansion of one of Japan's largest idol events as their first initiative.
SBI Group and Fuji Media Holdings announced that they had entered into a capital and business alliance in the media sector and would jointly establish a joint venture. The initial business focus will be music concerts and events.
The joint venture is expected to leverage Fuji's program production capabilities and SBI's domestic and international networks and customer base, with the aim of expanding video content globally in the future.
The companies have indicated a policy of supporting the international expansion of one of Japan's largest idol events, hosted by Fuji, as their first initiative.
Meanwhile, SBI Holdings announced its financial results for the April-September period, reporting higher revenue and profit on strong performance in the financial services sector. First-half revenue reached a record high of ¥1.0575 trillion.