Nippon TV has acquired Studio Ghibli after the company failed to find a successor to its co-founder and director, Hayao Miyazaki.
According to CNN, the board of directors met last Thursday to approve the deal. Financial terms were not disclosed but the board has allowed Nippon TV to acquire shares of Studio Ghibli, which makes the studio a subsidiary of Nippon TV.
Miyazaki, 82, and Studio Ghibli’s president, 75-year-old Toshio Suzuki, were hoping to convince Miyazaki’s son Goro to run the studio. Goro is an animator at the studio but said in a statement that the job would be ” too much to shoulder by myself,” The Guardian reports.
In 2013, Miyazaki announced his retirement, CNN reports. However, he recently came out of retirement to finish his final film The Boy and the Heron. The film took seven years to create and has already premiered in Japan. It will be released in the U.S. on December 8.
Studio Ghibli said in a statement that the company was deeply grateful for the positive responses to The Boy and the Heron.
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