TBS Reports 524 Million Yen Loss in Anime Division Despite Revenue Surging Over 80%

TBS Holdings released its fiscal year results for the period ending March, with the anime division posting 80.8% revenue growth to 3.198 billion yen, yet still recording a net loss of 524 million yen due to high production investment costs.

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Cloverway Founder Yasuo Matsuo Launches New Global Production Studio "IP Bay"

Yasuo Matsuo, founder of the renowned anime rights agency Cloverway, has launched a new studio called IP Bay, aimed at bringing Japanese intellectual properties to the international market. The company made its global debut at the Cannes Film Market.

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