Broadmedia Corporation completed the acquisition of remaining 37.4% stake in Digital Cinema Club, Inc. from Sunrise Co., Ltd. and BroadBand Tower, Inc..
October 26, 2017
Share
Broadmedia Corporation (JASDAQ:4347) entered into share transfer contract to acquire remaining 37.4% stake in Digital Cinema Club, Inc. from Broadband Tower, Inc. (JASDAQ:3776) and Sunrise Co., Ltd. on October 10, 2017. Broadmedia Corporation will acquire 33.1% (780 shares) and 4.2% (100 shares) from Sunrise Co., Ltd. and Broadband Tower, Inc. respectively. On closing, Digital Cinema Club, Inc. will become wholly owned subsidiary of Broadmedia Corporation. The transaction was resolved by the Board of Directors of Broadmedia Corporation on October 10, 2017. The tentative share acquisition date is October 13, 2017.
Broadmedia Corporation (JASDAQ:4347) completed the acquisition of remaining 37.4% stake in Digital Cinema Club, Inc. from Sunrise Co., Ltd. and BroadBand Tower, Inc. (JASDAQ:3776) in October 2017.
Broadmedia Corporation is a multimedia distribution company. The Company operates in five business segments. The Content segment involves in the provision of cloud game services, distribution of video for multi-devices, content distribution for mobile, and operation of wide area correspondence high school. The Broadcasting segment involves in the production of fishing special programs, and the supply of programs for broadcast satellite (BS) broadcasting and communication satellite (CS) broadcasting and cable television station. The Studio segment involves in the subtitle production, program sales and movie distribution businesses. The Technology segment provides contents delivery network (CDN) services, digital cinema services and Internet service to hotel rooms. The Network Sales segment involves in the sale of Internet service provider (ISP) services and broadband lines, and the provision of cell phone services.
Broadmedia Corporation completed the acquisition of remaining 37.4% stake in Digital Cinema Club, Inc. from Sunrise Co., Ltd. and BroadBand Tower, Inc..
BROADMEDIA CORPORATION 
