• Kyodo News

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JVC Kenwood Holdings Inc. will keep Victor Entertainment Inc. and aim to rehabilitate its struggling business with the music software company as the core operation under its wing, sources said Saturday.

JVC Kenwood, which was earlier considering selling the subsidiary, has said Masaaki Saito, a former president of Toshiba EMI Ltd., now EMI Music Japan Inc., will serve as Victor Entertainment’s president effective Dec. 1 as part of efforts to prop up the business.

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