History
In 1945, Genyoshi Kadokawa established Kadokawa Shoten Publishing Co., focusing on the publishing business.
In 1975, Kadokawa's president, Haruki Kadokawa decided to venture into the film business, launching the film division of Kadokawa Shoten, Kadokawa Pictures was born. His goal was to try to reap synergy benefits by creating film adaptations of the publishing house's most popular books and marketing them simultaneously. The company's first film was the 1976 release The Inugamis, directed by Kon Ichikawa and adopted from a Kadokawa Shoten published novel written by Seishi Yokomizo. Due to an aggressive marketing campaign, the film ended as the second-largest earner of the year in Japan.
Between 1976 and 1993, Kadokawa produced close to 60 films. The company's pictures were usually large-scale epics with sizable budgets and matching advertising campaigns, aimed for mass audiences and box-office success. While critics weren't always kind on Kadokawa's works, the films were consistently popular among the viewing public. By 1992, 7 out of top 20 all-time highest box-office grossing Japanese films were Kadokawa's productions. During his time at Kadokawa Shoten, Haruki Kadokawa was often hailed as the savior of Japan's struggling film industry. Kadokawa's efforts to branch into foreign markets were consistently less successful. Its biggest failure came in 1992 when the 25 million US$ film Ruby Cairo starring Andie MacDowell failed to find a distributor in the United States. Haruki Kadokawa was forced to resign from Kadokawa Shoten after being arrested for smuggling cocaine. The new president was Haruki's younger brother Tsuguhiko, who had previously been forced out of the company in favor of Haruki's son Taro.
Kadokawa Shoten later acquired Daiei Film Co. from Tokuma Shoten following the passing of its president, Yasuyoshi Tokuma. In November 2002, Chairman Maihiko Kadokawa announced that Daiei Film Co. would merge with the company’s own film division to form Kadokawa-Daiei Film Co. Ltd.
In March 2004, Kadokawa-Daiei Pictures Inc. acquired a 44% stake in Nippon Herald Films Inc. and acquired the remaining 56% stake the following year. It later changed its name to Kadokawa Pictures.
On March 1, 2006, it merged with the Kadokawa Herald to become Kadokawa Herald Pictures Inc. and later Kadokawa Pictures. In 2007, it changed its name to Kadokawa Shoten Pictures, with Shinichiro Inoue as its President and CEO.
After a merger with Kadokawa Shoten Publishing Co. in 2011, it becomes the studio division of its parent company, Kadokawa Group Holdings Ltd and maintains its name, Kadokawa Pictures, focusing on mixed-media business.
Read more about this topic: Kadokawa Pictures
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