On Friday, June 28, 2024, GLOE Corporation ("GLOE") announced that it will underwrite a third-party allotment of new shares of Deliverance Technology Laboratory Corporation ("Deliverance Technology Laboratory") and make the company a subsidiary.
Maximizing the knowledge of GLOE and Distribution Technology Laboratory to grow the video distribution market
PR TIMES On Friday, June 28, 2024, GLOE announced that it would acquire shares of Delivering Giken by subscribing to a third-party allotment of new shares, thereby making the company its subsidiary.
GLOE's mission is to " make people and society HAPPY through games. GLOE is an e-sports specialist that is expanding its business into the peripheral areas of games and e-sports with the mission of "making people and society HAPPY through games. GLOE is also actively involved in the Internet streaming viewing culture that is taking root in the modern age, and provides a wide range of support for distributors in gaming and non-gaming areas.
Since its establishment in 2019, DISTRIBUTION GIKEN has supported numerous distributors by providing the live streaming data analysis tool " Giken Access ", while taking advantage of its technical knowledge and expertise in live streaming. In addition, he won the Excellence Award in the "Game Thesis Award 2022," a contest in which unpublished game-related papers were solicited from a wide range of people. We continue to lead and support the live streaming market by cooperating with the "Game Streamers Awards," a festival that honors and celebrates the most active streamers of the season, and by continuing to publish the "Live Streaming Viewer Ranking.
The video distribution market in Japan is expected to grow to 525 billion yen by 2023. GLOE's acquisition of DISTRIBUTION GIKEN is expected to create more opportunities for distributors to be active and contribute to the gaming and e-sports industry. For more details, please visit GLOE's official website.
Comment from Mr. Yuya Tanida, President of GLOE Corporation
GLOE is committed to creating new lifestyles with games, and we believe that Deliverance Giken is a company that is doing great work and deserves our respect, as it is doing its utmost to raise the social awareness and value of streamer culture. By joining GLOE, we hope to support those who have made the decision to "live as a streamer" so that they can focus on their activities and continue to take on the many challenges of creating a sustainable lifestyle together. We are most excited about the synergies between GLOE and Distribution Giken that will help to increase the number of people who feel this way and make things better for them. Stay tuned for our future endeavors.
Comments from Akihito Furusawa, President of GLOE Inc.
The influence of streamers on the gaming industry as a whole continues to expand significantly in all directions. We believe that widening the scope of distribution and viewing, lowering the threshold, and promoting the daily penetration and development of streamer culture itself will greatly contribute to the realization of our mission, "Making people and society HAPPY through games. We believe that this will contribute greatly to the realization of our mission "to make people and society HAPPY through games". We are looking forward to working together with this group of specialists on new challenges. Please look forward to our future activities.
Comment from Mr. Koshi Makino, President of Deliverance Technology Institute, Inc.
With the mission of "accelerating the self-realization of individuals," Deliverance Giken has been working hard to improve the expression of streamer culture and to gain recognition from society. With the support of GLOE's long-standing relationship with representatives Yada and Furusawa, we have decided to become a subsidiary of GLOE. Both companies are partners in creating synergies by combining strengths. We are very excited to be able to expand our services to all streamers, something we have not been able to do until now. We look forward to further expanding our activities and providing benefits to even more streamers in the future. We will be diligent.
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