Hachette and Kadokawa Close Deal to Create Yen Press

HachetteHachette and Kadokawa have closed their previously announced deal to create a joint venture, Yen Press LLC.

Effective May 1, Kadokawa, a Japanese publisher of manga and light novels, is the majority owner of the new stand-alone company, and Hachette is its minority shareholder.

With the completion of this deal, Yen Press will become a distribution client of Hachette, and Hachette will provide sales, distribution and publishing support services.

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