Metaps and Avex agree to establish a Joint Venture 〜Aim to create a new artist/musician support business utilizing Timebank etc〜

Metaps Inc. (Head Office: Minato-ku, Tokyo; President: Katsuaki Sato, “Metaps”) and Avex Inc. (Head Office: Minato-ku, Tokyo; President: Masato Matsuura, “Avex”) announced today that they have agreed to establish a joint venture company, mee Inc. (Head Office: Minato-ku, Tokyo; President: Katsuaki Sato, Masato Matsuura, “mee”).  




In recent years, due to the growth of the Internet and smart phones, the way contents is being consumed is becoming more and more diversified. With this new tie-up, it will accelerate the collaboration between both companies, one which owns the know-how on the latest marketing methodologies, not limited to SNS etc., and another which owns the know-how on producing top artists / talents. Both companies will be working together towards a new entertainment business with a mutual theme, called “Movement for Entertainment & Economy”.

In the first phase of the partnership, the artists belonging to Avex will be registered onto the Timebank platform, which is operated by Metaps and there will be a collaboration on the co-promotion.

■“New Company” Overview (tentative)

(1)Name

mee Inc.

(2)Location

1-4-1 Mita, Minato-ku, Tokyo

(3)Representative

Katsuaki Sato, Masato Matsuura

(4)Business Contents

Digital content development

(5)Capital

10 million yen (including capital reserve)

(6)Date of Incorporation

May 2018

(7)Major shareholders

Metaps Inc. (60%), Avex Inc. (40%)


■ About Avex Inc. 
Under the tagline "Really! Mad + Pure", we expanded new businesses in overseas market and also created external collaboration, in addition to music, animation and digital, which is our core focus. We are also maximizing the attractiveness and value of contents and services using “Entertainment x Tech” as the keyword.

Company name: Avex Inc. 
Establishment: April 11, 1988
Location: Avex Building, 3-1-30 Minami-Aoyama, Minato-ku, Tokyo 107-8577
Capital: 4,275.3919 million yen


■ About Metaps Inc. 
Metaps is a company that aims to build new economic models by making full use of the innovative technologies that is available. We have set Fintech as our priority investment area, and we are actively developing the business in the following six different verticals; Payment, Cryptocurrency, Loans, Investment, Insurance and Management. We operate the “Timebank” marketplace, which allows users to buy, sell and utilize the “time”. ( http://timebank.jp/ )


Company name: Metaps Inc.
Establishment: September 3, 2007
Location: Mita 1 - chome, Address 1, Minato - ku, Tokyo 4
Capital: 5,414 million yen
Business description: Marketing business, Finance business, Consumer business