Studio Ghibli's North American Distributor Is Being Acquired by a Japanese Entertainment Giant
Japanese entertainment giant Toho has officially reached an agreement to acquire GKIDS, the North American distributor known for bringing movies like The Boy and the Heron and Wolfwalkers to North American audiences.The deal was announced on Tuesday, and gives Toho a 100% equity share in GKIDS. Financial terms were not disclosed.It goes without saying that the acquisition gives Toho, the studio behind movies like Godzilla Minus One and home to anime including My Hero Academia and Jujutsu Kaisen, a much stronger distribution foothold in North America. As the press release puts it, the move "sets the company’s plans for growth and expansion outside of Japan, and aims to connect its Japanese and international productions, creators, and studios more directly and widely with creators and…
Read more