Patrick Frater Asia Bureau Chief Leading Japanese indie film company Gaga Corporation has seen a controlling share stake sold to Genda Inc., a fast-moving entertainment conglomerate with its roots in arcade gaming.
Genda is buying the 78% share holding owned by Gaga chairman Tom Yoda’s T.Y. Limited company. Yoda will retain the outstanding 22% in his own name and stay on as Gaga’s chairman and representative director.
The value of the transaction was not disclosed. While a new management structure will see Sato Yuzo, director, CCO of Genda, become the representative director and president/CEO, and Kataoka Nao, founder and representative director and chairman of the board at Genda, will become director of the board at Gaga, Gaga’s other senior management remain unchanged in their posts.
Gaga was founded in 1986, with T.Y. Limited coming on board in 2009 as majority owner. Today it operates as producer, distributor and sales agent.Read more on variety.com
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