• Post
• Share
• Post

Jiji Press

20:03 JST, February 18, 2023

TOKYO (Jiji Press) — Japanese video streaming service provider U-Next Co. said Friday that it will absorb Premium Platform Japan Inc., which runs the Paravi video streaming service, at the end of March.

The merger will create the biggest Japanese provider of a paid video streaming service. In the Japanese market, however, the merged provider will be second to top player Netflix Inc. of the United States. The combined sales of the U-Next and Paravi services exceed ¥80 billion, with paid subscribers totaling over 3.7 million.

Top Articles in Business

• 

  Prudential Life Insurance Plans to Fully Compensate for Damages Caused by Fraudulent Actions Without Waiting for Third-Party Committee Review

• 

  Narita Airport, Startup in Japan Demonstrate Machine to Compress Clothes for Tourists to Prevent People from Abandoning Suitcases

• 

  Asics Opens Factory for Onitsuka Tiger Brand in Western Japan

• 

  JR Tokai, Shizuoka Pref. Agree on Water Resources for Maglev Train Construction

• 

  KDDI Opens AI Data Center at Former Sharp Plant in Osaka Prefecture; Facility Will Provide Google’s Gemini AI Model for Domestic Users

JN ACCESS RANKING

• 

  Japan Institute to Use Domestic Commercial Optical Lattice Clock to Set Japan Standard Time

• 

  Israeli Ambassador to Japan Speaks about Japan’s Role in the Reconstruction of Gaza

• 

  Man Infected with Measles May Have Come in Contact with Many People in Tokyo, Went to Store, Restaurant Around When Symptoms Emerged

• 

  China Eyes Rare Earth Foothold in Malaysia to Maintain Dominance, Counter Japan, U.S.

• 

  Prudential Life Insurance Plans to Fully Compensate for Damages Caused by Fraudulent Actions Without Waiting for Third-Party Committee Review