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U-NEXT HOLDINGS Co.Ltd. ( (JP:9418) ) has issued an announcement.
U-NEXT HOLDINGS has agreed to acquire 70% of leading karaoke operator XING INC., owner of the JOYSOUND brand and a subsidiary of Brother Industries, turning it into a consolidated subsidiary to strengthen its position in the entertainment market. By integrating XING’s extensive karaoke catalog, proprietary distribution and playback technologies, and nationwide karaoke locations with U-NEXT’s large subscriber base, content library and sales network, the group aims to expand unique content on its streaming platform, build new B2B2C live-viewing models, grow karaoke equipment sales into sectors such as hospitality and healthcare, and deepen cross-selling of telecoms, music and payment services in the night-economy market, while improving service quality and productivity through shared sales and engineering resources.
The most recent analyst rating on (JP:9418) stock is a Hold with a Yen2208.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.
More about U-NEXT HOLDINGS Co.Ltd.
U-NEXT HOLDINGS Co., Ltd. is a Japanese digital entertainment and services group best known for its U-NEXT video streaming platform, which has over 5 million paying subscribers. The company also operates nationwide stores and facilities and offers a broad lineup of services including content distribution, telecommunications, music distribution, electricity, and cashless payment solutions, targeting both consumers and business clients across Japan.
Average Trading Volume: 555,240
Technical Sentiment Signal: Buy
Current Market Cap: Yen351.6B
See more data about 9418 stock on TipRanks’ Stock Analysis page.