DoCoMo, Avex to jointly provide video content

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NTT DoCoMo Inc and Avex Entertainment Inc will set up a joint venture next February to offer on-demand video content distribution service for mobile phones.

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Avex Entertainment, a unit of Avex Group Holdings Inc, will own 70% of the joint venture, Avex Broadcasting & Communications Inc, while the rest will be held by the mobile phone giant. The joint venture will be capitalized at 3.5 billion yen.

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