so they teamed up with the people who rung duongo. the company manages a video sharing platform used by 14 million people around the world. mergers of internet-based and traditional media companies have happened before. in 2001, aol acquired time warner. the company split after ten years. but kuoaka executives have high hopes. >> we want to make a new type of media of the 21st century. >> reporter: japan's population is aging and people are having fewer children. it means domestic demand for entertainment targeting young adults is shrinking. publishers face other challenges. as smartphones and other digital devices spread, people aren't buying as many books as they used to. then, there's the issue of piracy. the japanese government estimates that in north america alone, losses from bootleg manga and anime amount to $20 billion annually. this publishing firm has started to find ways to fight piracy. it used to take them several months to translate popular japanese manga into other languages. impatient fans outside of japan found illega