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Kadokawa Shoten Publishing Co. said Thursday one of its units will pay 1.44 billion yen to acquire the entire operations of film producer Daiei Co.

With the payment, Kadokawa-Daiei Pictures Inc. will take over Daiei’s operations, including production and distribution of films and videos, and management of a visual studio, according to the parent company listed on the second section of the Tokyo Stock Exchange.

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