Investing in Japan
Latest UpdatesUS music producing company Primary Color Music establishes LLC in Tokyo
Jun 04, 2018
Primary Color Music, established in United States (in the state of Kansas) in 2015, is a commercial music production company with 10 employees and large clients such as Wendy’s, Toyota, and Coca-Cola. Company representatives believe that 80% of people in the United States have heard commercial songs created by the company.
The company's Japan-based representatives have been actively building relationships with Japanese commercial production companies, advertising agencies, and directors and they are working on projects with top global brands inside and outside of Japan. Driven by the increase of projects in Japan, they established a limited liability company (LLC) in Tokyo in November 2017 to boost their efforts in the Asian market. Within their first year of working in Japan, the Japanese market’s share of the company’s total sales grew to 20%. They are currently looking at leasing an exclusive studio for music production in Tokyo, with plans for building their own in the future.
For the establishment of their Japanese LLC, the JETRO Invest Japan Business Support Center (IBSC) provided consultation on topics such as on registration, taxation and labor matters and introduced service providers such as an administrative scrivener, accounting office, and bank.