Sony, Toppan Printing (Japan’s 2nd largest printing company), KDDI(Japan’s 2nd largest telco) and the Asahi Shimbun (newspaper publisher) announced last Thursday that they would launch a joint venture for an e-publication distribution service. Sony has introduced an e-book reader device called “Reader” in Europe and the U.S., and the company plans to introduce it in Japan by the end of this year in rivalry with the combination of Apple’s iPad and iBook Store.
Four founding companies take 25% stake each in the new company, and their distribution platform is expected to be in service in this year.
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