Share
Monthly Archives:

  • Major Shake-up at Faith

    Several sources are reporting that Intel Capital and Yoshimoto Kogyo have bought a small stake in Faith Inc.. Last week Faith’s U.S. arm Moderati was sold to Bellrock Media, as pointed out in the most recent Mobile Music Watch newsletter; “Following its board meeting last Friday, Faith Inc. announced that co-founder and COO Makoto Nakanishi will resign from the company and acquire 100% of its struggling US subsidiary Faith Communications.”. According to their statement, the US subsidiary is losing money and plagued with problems, including a postponed trial launch of its Mobile Virtual Network Operator (MVNO) service and heavy capital requirements.

    This development is sure to impact many of the players involved - past and present - perhaps one of the better supporting examples for the mobile web 2.0 folks to point-out.

    Intel, Yoshimoto Buy Total of Four Percent Stake in Faith
    Faith has taken a 12.4 percent stake in Yoshimoto Group service provider Fandango. Meanwhile, Yoshimoto has agreed to buy a 4.6 percent stake in Giga Networks, a Faith Group content provider that plans to broadcast content featuring Yoshimoto talent to mobile device users. Also see this article from Variety.

    Posted: 20 February 2007 | Filed: U.S Market, Wireless News | Feedback | Print |
Double Your Chances of Business Success in Japan

Servcorp Serviced Offices and Virtual Offices
Related Posts:
  • Faith, Square Enix and Taito JV

    • Faith Inc. have announced they will take the lead position in a joint venture with game publishers Taito and Square Enix. The three companies have founded a new company,...

  • Mobile Music Moves Off-Portal

    • Ever since the first ringtone sites began appearing on NTT DoCoMo's i-mode menu back in 1999, most mobile music content providers in Japan have pushed to have their services...

  • Faith to Launch High-Class Voce

    • There's a new MVNO coming to U.S. shores called Voce, created by Faith Inc., a Japanese content provider that made its footprint in the American mobile market through its...

  • Previewing Content - Japan: Sometimes, US: No

    • Last week, sr. contributing editor Michael Thuresson sent in a user-level review of his new Sanyo handset that he uses on the Sprint network. As you scroll through a...

  • DoCoMo Demos Throw Mail at CEATEC

    • The annual CEATEC event is underway at Makuhari Messe in Tokyo with DoCoMo showing off an interesting new way to send mobile mail. Machine Translation: The throw E-mail is an application...

    previous post: Most Popular Japanese Handsets in 2006 :: next post: EZ News Flash Hits 1 Million Users