2017-7-21: Famous Agency for sale? Asking price is...
How interesting, we have had both regular studio and uncensored studio come knocking on our door to inquire if WE might be interested to acquire them. [let me emphasize once again, I am translating from reports from a Taiwanese-owned, Japan-based company which operate booking service for AV idols. ]
Those are pretty unusual propositions each on its own. But the timing hints that it's not just coincidence. Now we heard a third similar inquiry: a famous agency is contacting us about a possible sale.
Well, I have to say, we are a bit excited that established industry players have us on their mind with such proposals.
So what can I tell you about this agency... It's not a major company. Their top idol had come to Taiwan last year for an event (but not booked by us). They currently manage 3 idols who are each a contract girl with different studios.
When the studio [I assume he means the regular censored studio] approached us, the asking price was 90 million yens. So we were expecting an agency to be worth about the same. But the agency was asking for twice that! That's a lot higher than we expected.
The agency says they [meaning the business or the boss' physical health?] are in fine condition. The boss is only considering retirement because the workload is heavy. If a prospective buying is really interesting, a bargain can be negotiated.
Is an agency really worth more than a studio? Or has Yen exchange rate gone down a cliff? [This last question makes no sense to me]
Despite the high asking price, we intend to have a sit-down negotiation. Also, this is a crack in the belief that foreigners can't enter the industry. I know about two agencies which had recieved Chinese [he means ethnic Chinese, not necessarily national Chinese] capital investment. Yet another agency has been in final negotiations with a Hong Kong investor.
So what's behind all the movement? Is there a race to the exits by the established players? Are [ethnic] Chinese finally breaking into the industry? Is there a shortage of capital?
If there's any progress or new gossips as we go forward, I will report in here, stay tuned.