Nintendo acquires CG animation studio and renames it Nintendo Pictures

Nintendo has entered an agreement to acquire CG animation company Dynamo Pictures in order to develop visual content using Nintendo IP. The gaming company is buying 100% of outstanding shares of Dynamo Pictures and rebranding it as Nintendo Pictures Co., Ltd. The deal is expected to close on October 3.
According to a regulatory filing, Nintendo stated:
Nintendo has decided to acquire 100% of the outstanding shares (excluding treasury shares) of Dynamo Pictures and make it a wholly owned subsidiary to strengthen the planning and production structure of visual content in the Nintendo Group.
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