Dream Link Entertainment Invests in Creative Labs, a World-Class Digital-First Consumer Product Studio, Co-Founded by Creative Artists Agency

Creative Labs, a digital studio co-founded by leading entertainment and sports agency Creative Artists Agency (CAA), has secured a $5 million investment commitment from Dream Link Entertainment (DLE,TYO:3686), a subsidiary of Asahi Broadcasting Group Holdings Corporation. This investment is the first close of a larger fundraise by Creative Labs to be completed over the next two quarters. DLE’s investment will occur over two tranches and through its affiliates; the first tranche of $2.7 million closed on November 17, 2020 through Pegasus Tech Ventures, a Silicon Valley-based global VC firm. In partnership with the leadership of Creative Labs, DLE will spearhead the launch of Creative Labs Japan, which will be headquartered in Tokyo, and focused on building new concepts for the Japanese market, in addition to bringing Japanese products and services to a global audience.