Breaker Inc. Announces Investment By gumi Ventures.
Next generation media entertainment company, Breaker Inc., has announced a significant investment from gumi Ventures, L.P. At the same time Breaker revealed its intention to forge a strategic alliance with the investment company’s parent, the major mobile online game developer, gumi, Inc.
The investment and impending partnership paves the way for Breaker to continue its drive to become a significant force in the rapidly growing online video entertainment market.
The plan is to maximize the respective companies’ extensive experience and knowledge in the mobile entertainment industry. Details of the investment and strategic alliance will be released at a later date.
Earlier this year Breaker received seed round financing of $2 million from Tokyo-based strategic consulting and business development firm Dream Incubator Inc., Siemer Ventures, and others.
Industry experts predict an explosion in the demand for streaming video, and Breaker sees a huge opportunity in Japan, which, on a per capita basis, has the largest mobile content market in the world but has been lagging in streaming video. Breaker’s focus is innovative content to the ‘always-connected’ generation, with an emphasis on entertainment, music, and fashion.
Breaker CEO Alan Swarts said, “We’re a Japanese entertainment company with global aspirations. That’s why we’re honored to be in partnership with such a pioneering and international company like gumi. We look forward to developing an entirely new kind of entertainment together. ”
gumi CEO Hironao Kunimitsu said, “We believe that the current shift in the online video market is the same kind of paradigm shift that happened in the mobile online game industry, and that in the online video market Breaker can be the leading company. By using our experience in online mobile games and Breaker’s experience in video content production we intend to build and offer entertainment that hasn’t been seen before.”
Digital media venture studio Designed for Revolution Ltd. (DFR Asia) originally conceived and launched Breaker, and plays an ongoing management role.