Daily Variety reports that Osaka, Japan-based content-management company Icot has launched two movie funds, one specifically for animation. A 24-episode animated series titled Rabugetsu Chu will be bankrolled by private-sector investors ponying up a total of $3.4 million through brokerage Mizuho Securities.
Slated for network broadcast in 2006, Rabugetsu Chu (Love Get Chu) is based on developer Marie Koizumi’s popular mobile game in which a girl pursues her dream of becoming a voice actor. Mitsuhiro Togo is set to direct and Radix and Ariko System will produce. Investors will buy shares through an online brokerage, while another $5 million is raised for three live-action pics.
Icot is a year-old conglomerate of 10 companies led by Kansai Electric Power and ad agency Dentsu. The group will manage all rights to projects produced with the new funds and other funds it will establish each year.
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