Animate and Broccoli Forms New Joint Venture Called AniBro

ANN reports that Animate, one of the largest retailer of anime, games, and manga in Japan, is buying (PDF) a 11.31% stake in Broccoli, a publisher of manga, games, music, owner of the retail chain Gamers and the parent company of U.S. manga publisher Broccoli Books:

the two companies are forming a partnership through a new joint venture called AniBro. ANIMATE has obtained 3.7 million shares, or 11.31%, of Broccoli from the Digital Adventure company. Although the value of those shares have not been officially announced, 3.7 million Broccoli shares were worth about 250 million yen (US$2.3 million) at the close of trading on Wednesday.