Asahi National Broadcasting Co., better known as TV Asahi, said Tuesday it has acquired a 1.83 percent stake in Toei Co., one of the nation's three major movie producers.
The equity purchase of 2.7 million outstanding shares is in line with the TV broadcasting station's strategy to become a top player among "total content providers," TV Asahi said.
Toei is a producer of TV movies and prerecorded videotapes.