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The Development Bank of Japan (DBJ) has become the latest major investor to back Tokyo-based K2 Pictures’ pioneering new film production fund, signaling growing institutional confidence in the company’s bid to shake up Japan’s long-stagnant film financing system. K2 Pictures said Friday that it has secured a ¥500 million ($3.3 million) investment from DBJ for…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: The Balancer community has proposed a plan to distribute funds recovered from the protocol’s recent hack. South Korea’s largest exchange, Upbit, halted deposits and…
Hong Kong’s beleaguered film industry is looking to rekindle the passion for its movies that once reached fever pitch across Asia during its glory days, with a series of high-profile “gala presentations” that are sharing the city’s stars — and its box office successes — with the region. Wilfred Wong, chairman of the Asian Film…
In an age when audiences are spoiled for choice across countless entertainment platforms, it’s no secret that cinema operators worldwide are feeling the heat. The numbers alone make for grim reading. When PwC released its annual media and entertainment outlook in July, the industry winced: U.S. cinema revenue, the firm predicted, would not return to…
Over the years, plenty of forgettable movies have been hawked in the hallways of the American Film Market, but there have also been some indelible classics — among the most notable, Wong Kar-wai’s swooningly seductive In the Mood for Love, which has consistently topped critics’ polls as one of the best films of all time….
Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more. Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled…
Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins. Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins. In a Friday statement, the FSA announced the launch of its…
The King of Monsters is revving up to roar again. Legendary Tokyo-based Toho Studios shared the title Monday morning for mighty Godzilla’s next rampage, revealing that the follow-up to the 2023 smash-hit Godzilla Minus One will be called Godzilla Minus Zero (also styled Godzilla -0.0) and that Oscar-winning director and VFX supervisor Takashi Yamazaki will…
Japan’s animation industry surged 14.8 percent to reach record revenues of $25 billion (3.8 trillion yen) in 2024, with most of the growth driven by the expanding international popularity of Japan’s favorite art form. The results were released this week by the Association of Japanese Animations (AJA), which presented a preview of its annual Anime…
In a tribute that’s as overdue as it is fitting, the 38th Tokyo International Film Festival will present its Lifetime Achievement Award to filmmaker Yoji Yamada, whose extraordinary career has spanned more than six decades and nearly the entire postwar evolution of Japanese cinema. Yamada made his directorial debut in 1961 with the domestic drama…