Toho Animation Acquires GKIDS to Expand Japanese Media in North America
The acquisition bolsters Toho's international reach and strengthens GKIDS' distribution capabilities.
- Toho Animation has acquired a 100% equity share in GKIDS, making it a wholly owned subsidiary while allowing GKIDS to maintain operational independence.
- GKIDS, known for distributing Studio Ghibli films in North America, will leverage Toho's resources to enhance its reach and influence in the animation industry.
- The acquisition follows successful collaborations between the two companies on projects such as 'Weathering With You' and 'The Boy and the Heron.'
- Toho's acquisition is part of a broader strategy to prioritize animation, expand international markets, and support intellectual property creation.
- The deal positions Toho to compete more effectively with major players like Disney and Netflix in both box office performance and awards recognition.