TOKYO/PALO ALTO, U.S. -- Japanese entertainment group Toho will invest $225 million in California-based film and TV studio CJ ENM Fifth Season under plans announced Monday, shifting its sights overseas as streaming squeezes Japan's movie industry.
Media & Entertainment
Japan's Toho to step up overseas push with $225m stake in U.S. studio
Group pursues record investment to follow success of 'Godzilla Minus One'
Toho's film "Godzilla Minus One" grossed about $11.5 million during opening weekend in North America, according to Box Office Mojo. © 2023 TOHO CO., LTD.
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