Danica Davidson
May 4, 2021 
Japanese media company Kadokawa Corporation made a record 209.947 billion yen this past year, which translates to approximately $1.9 billion. It recently declared goals the company has, which include increasing their anime and e-book outputs.
They’re hoping to start releasing 40 animated titles a year, which is a 20% increase from what they’ve been doing. In order to do that, they’re thinking about making a “world-class 3DCG production studio gathering the world’s best creators.”
It was also recently announced that Kadokawa acquired a majority stake in publisher J-Novel Club, and this is part of their plans for putting out more e-books. Kadokawa already jointly owns Yen Press with Hachette.
Source: ANN
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Danica Davidson is the author of the bestselling Manga Art for Beginners with artist Melanie Westin, and its sequel, Manga Art for Intermediates, with professional Japanese mangaka Rena Saiya. Check out her other comics and books at www.danicadavidson.com.
