Kadokawa Group to acquire a majority stake in J-Novel Club.

Kadokawa Group, one of the largest Japanese publishers and distributors of light novels and related content, agreed to acquire a majority stake in J-Novel Club, a digital publishing company specializing in publication of Japanese light novels. Financial terms were not disclosed. "Since I founded J-Novel Club five years ago, the company has grown from essentially a one-man operation to publishing over 250 titles a year. In order to guarantee our future growth, I needed a strong partner, and I’ve found one in Bookwalker as well as Kadokawa. The possibilities for light novels to spread more and more throughout the world are nearly endless, and I’m sure that with this partnership we will be able to publish more and more of the content from not only our publishing partners we have worked with so far, but even more of the publishers and content creators we haven’t even started with yet! I can’t wait to get started," Samuel Pinansky, J-Novel Club Founder.