Japan TV network will acquire Totoro creator Studio Ghibli as animation studio prepares for future

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Japan TV network will acquire Totoro creator Studio Ghibli as animation studio prepares for future
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Studio Ghibli, the famed Japanese animation studio of Hayao Miyazaki, will become a subsidiary of Nippon Television Network Corp. The companies said Thursday the move was approved by both boards.

FILE - Hayao Miyazaki of Japan, director of the animated film"Ponyo," poses at a special screening of the film in Los Angeles on July 27, 2009. Studio Ghibli, the famed Japanese animation studio of Miyazaki, will become a subsidiary of Nippon Television Network Corp., both sides said Thursday, Sept. 21, 2023.– Studio Ghibli, the famed Japanese animation studio of Hayao Miyazaki, will become a subsidiary of Nippon Television Network Corp., both sides said Thursday.

The boards of both companies agreed at meetings Thursday that the major commercial broadcast network will become Studio Ghibli's top shareholder, with a 42.3% stake. Financial details were not given. The deal was first discussed last year at an “onsen” hot springs, the companies said, when Suzuki asked Nippon TV executive Yoshikuni Sugiyama for help in managing Ghibli. Sugiyama promised to give support.

Ghibli and Nippon TV have collaborated in the past, since “Nausicaä of the Valley of the Wind” aired on TV in 1985. Nippon TV has also helped produce various Ghibli works, starting with Miyazaki’s 1989 “Kiki’s Delivery Service.” It also helped set up the museum devoted to Ghibli works in Tokyo.

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