November 6, 2008
Avex Group Holdings Inc. announces that its wholly owned subsidiary Avex Entertainment Inc. and Oorong RecordsInc. today concluded an agreement to jointly form a limited liability partnership (LLP), under which the two parties willcooperate mainly in artist management, music (visual content) production, promotions, artist development, and otherareas. AEI will establish Avex Management Inc. in January 2009 through a demerger (incorporation-type companysplit), and the new company will take over as partner under the LLP. Details are as follows.
1. LLP Profile
Name
ORS Limited Liability Partnership (the O, R and S shall be pronounced separately)
Location
Shibuya-ku, Tokyo
Partners
AEI and OR
Date when the LLP
agreement comes into effect
November 28, 2008
Amount invested
40 million yen (AEI: 20 million yen; OR: 20 million yen)
Date of foundation
December 2008 (planned)
2. Purpose of LLP and plans for the future
The LLP is for the purpose of developing a completely new type of creativity and approaching new user segments bycombining AEI’s knowhow in artist development, music production and promotion with OR’s unique artistdevelopment and music production capabilities.
As an activity under the LLP, AEI and OR plan to release the first album for their artist lego big morl on January 28,2009.
Contact: Avex Group Holdings Inc.
Investors & Public Relations Room+81-3-5413-8508
Avex Concludes Agreement on ORS Limited Liability Partnership
lego big morl
(l. to r.) Shintaro Yamamoto (bass), Takehiro Kanata (vocal and guitar), HiroAsakawa (drums), Hiroki Tanaka (guitar)
The band was formed in March 2006 when vocalist and guitarist TakehiroKanata, guitarist Hiroki Tanaka and bassist Shintaro Yamamoto, from thesame high school in Osaka, were joined by drummer Hiro Asakawa fromKumamoto.In August 2006, it released its first demo CD containing four tracks and soldexclusively at concerts. In March 2007, the band undertook its first tour withconcerts in Tokyo, Yokohama, Ibaraki and Gunma, further expanding itsperforming area outside of Osaka.In August of that year it distributed a free audio titled
“Tequila Good-by”
exclusively at concerts. In February 2008, it sold a second demo containingthree tracks, also sold only at concerts. The limited run of 1,000 discs sold out.That April, the band received media coverage for a limited-time free rentaloffer of its music at TSUTAYA as a first trial, and the sold-out release in Mayof a 100-yen single CD sold exclusively at Tower Records.
ORS:
http://ors-llp.jp/
lego big morl:
http://www.legobigmorl.jp/