ImaginAsian Investment

Thursday, February 14, 2008

With the demise of AZN Television - it's good to see that ImaginAsian Entertainment is still looking to expand and widen their reach:

Fujisankei Communications International (FCI), a subsidiary of Japan’s Fuji Television Network, has made an investment in the Asian-American media outfit ImaginAsian Entertainment (IA).

The investment follows a similar move last year by Korea’s Sidus Corp. “Fujisankei’s decision to invest and marry their U.S. media goals with IA’s vision is a reflection on the emphasis Asian media companies are placing on leveraging their strategic importance in the marketplace—the companies that have the most to gain are getting smarter and organizing,” said Augustine Hong, the chairman and CEO of IA.

In addition to its financial investment, Fujisankei will provide a slate of news and entertainment content for the Asian-American cable outlet iaTV, including Japanese drama and variety shows.
Read the complete article here at World Screen.