What’s Nintendo planning next?
Japan-based Nintendo have today expressed a large interest in mobile content delivery network company Dwango, as reported by Business Week. Nintendo Co. stock (7974) rose eagerly to more than 5 percent as of 11:30 a.m. Tokyo time on Friday, November 15th — seeing the largest influx since last August.
Upon Nintendo making a purchase of 612,000 shares of the mobile media company, Dwango stock (3715) soared as much as 21 percent.
Nintendo isn’t planning to distribute games through Dwango’s video delivery system Niconico, Nintendo spokesman Yasuhiro Minagawa said. Nintendo currently promotes its games through the system, he said.
Nintendo acquired the shares at the request of Dwango Chairman Nobuo Kawakami for his personal funding needs, said Minagawa.
Nintendo, which posted a net loss of 8 billion yen ($81 million) in the three months ended Sept. 30, maintained its projection to sell 9 million Wii U units and 18 million 3DS devices in the full fiscal year, the company said last month.
Is Nintendo planning on implementing a change for way in which Nintendo Direct presentations, for example, are delivered to our Nintendo 3DS and Wii U systems?