Dwango (company) explained

DWANGO Co., Ltd.
Native Name:株式会社ドワンゴ
Native Name Lang:ja
Romanized Name:Kabushiki gaisha Dowango
Type:Kabushiki gaisha
Subsidiary
Industry:Entertainment
Founded: in Tokyo, Japan
Founder:Interactive Visual Systems d/b/a DWANGO
Hq Location:Tokyo, Japan
Area Served:Japan
Key People:
Services:Niconico
Parent:Kadokawa Corporation
Subsid:Dehogallery
Dwango AG Entertainment
Dwango Music Publishing
FromNetworks
Project Studio Q
Spike Chunsoft
Vantan
Vaka
Virtual Cast
Watanabe Amaduction

is a telecommunications and media company based in Japan, headed by Nobuo Kawakami. The company became a wholly owned subsidiary of Kadokawa Corporation on October 1, 2014. The company was spun off from a U.S.-based service offering online multiplayer for video games, DWANGO (Dial-up Wide-Area Network Game Operation), which was shut down in 1998. Dwango's majority shareholders until its merger with Kadokawa Corporation included Kawakami himself, Kadokawa Corporation, and Avex Group. Dwango runs the popular Japanese video sharing site Niconico. The company also is the 100% owner of the game developer Spike Chunsoft, which Dwango bought as the companies Spike and Chunsoft in 2005 when they were separated companies, before merging them in 2012.

History

In November 2013, it was confirmed Nintendo purchased 612,200 or 1.5% shares of the company at the request of Nobuo Kawakami.[1] [2]

On May 14, 2014, it was announced that Dwango and Kadokawa Corporation would merge on October 1, 2014, and form the new holding company Kadokawa Dwango Corporation. Both Kadokawa and Dwango became subsidiaries of the new company.[3] [4]

In February 2019, Kadokawa Dwango announced that Dwango would stop being their subsidiary to be a direct subsidiary of Kadokawa Corporation in a reorganization of the company.[5]

In July 2019, Mages was acquired by its CEO concept studio Chiyomaru Studio and stopped being a subsidiary of Dwango and part of the Kadokawa Group.[6]

Notes and References

  1. News: Nintendo Rises After Buying Stake in Web Company Dwango . Bloomberg News . November 15, 2013 . April 13, 2015 . Amano, Takashi . https://web.archive.org/web/20131203135251/http://www.businessweek.com/news/2013-11-14/nintendo-rises-after-buying-stake-in-web-content-company-dwango . December 3, 2013.
  2. Web site: dwango co ltd (3715:Tokyo) . Bloomberg Businessweek . November 15, 2013 . April 13, 2015 . https://web.archive.org/web/20131203080629/http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=3715%3AJP . December 3, 2013 . dead .
  3. News: Schilling. Mark. May 14, 2014. Kadokawa and Dwango to Merge. Variety. April 13, 2015.
  4. News: October 1, 2014. Publisher Kadokawa, Internet firm Dwango complete merger. The Japan Times. April 13, 2015.
  5. Web site: Ressler . Karen . Nobuo Kawakami Steps Down as Kadokawa Dwango President . Anime News Network . February 16, 2019.
  6. Web site: Game Director Chiyomaru Shikura Buys Out MAGES., Goes Independent . September 22, 2022 . Anime News Network . en.