Magazine article Screen International

Japan's CCC Takes 33% Stake in Taiwan's Deltamac

Magazine article Screen International

Japan's CCC Takes 33% Stake in Taiwan's Deltamac

Article excerpt

Culture Convenience Club (CCC), the company behind Japan's largest video rental chain Tsutaya, has acquired a 33.4% share in Taiwanese film and video distributor Deltamac, a subsidiary of optical media giant CMC Group.

CCC purchased the stake for $8.16m in a partnership agreement signed on June 25, marking the first stage of a long-term strategy for both territories to expand their businesses in Asia.

Deltamac is a major player in home entertainment distribution of Hollywood, Taiwanese and other Asian titles and one of Hong Kong's larger theatrical distributors. Sister company CMC Entertainment is a major theatrical player in Taiwan where it distributed Taiwanese epic Warriors Of The Rainbow: Seediq Bale.

Through the partnership with CCC, Deltamac aims to both strengthen its acquisition of Japanese and Asian contents and the export of Taiwanese films. Deltamac also looks to implement Tsutaya's digital distribution and platform creation know-how.

Deltamac executive Maggy Tsai commented on the deal: "It will help both sides grow their acquisition power and distribution channels in the Taiwanese, Chinese and Japanese markets. …

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