Japan TV Network Will Acquire Totoro Creator Studio Ghibli as Animation Studio Prepares for Future 

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. (AP)
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. (AP)
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Japan TV Network Will Acquire Totoro Creator Studio Ghibli as Animation Studio Prepares for Future 

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. (AP)
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. (AP)

Studio Ghibli, the famed Japanese animation studio of Hayao Miyazaki, will become a subsidiary of Nippon Television Network Corp., both sides said Thursday.

Succession worries had been a priority at Ghibli, as Miyazaki has turned 82, and producer Toshio Suzuki is 75, the companies said in a joint statement.

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.

Nippon TV said it will send executives to support Ghibli’s management, while honoring its creative independence so it can focus on animation and other artistic projects.

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.

Miyazaki’s son Goro is also an animation director and has been mentioned as a possible successor. But he had expressed doubts, saying the responsibility was too great.

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.

Earlier this year, Miyazaki finished “The Boy and the Heron,” completed after seven years. It is based on a book but is also loosely based on Miyazaki’s wartime childhood. The Japanese title, which better expresses its theme, translates to: “How Will You Live?”

Miyazaki won an Oscar for his 2001 “Spirited Away.” He has occasionally declared he was retiring but has always returned to his craft.

He has produced an extensive range of animation works enjoyed by adults as well as children, including “My Neighbor Totoro” and “Ponyo.”



Bruce Springsteen Is Officially a Billionaire

 Bruce Springsteen & the E Street Band perform during a concert at Strawberry Arena in Stockholm, Sweden, on Monday, July 15, 2024. (AP)
Bruce Springsteen & the E Street Band perform during a concert at Strawberry Arena in Stockholm, Sweden, on Monday, July 15, 2024. (AP)
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Bruce Springsteen Is Officially a Billionaire

 Bruce Springsteen & the E Street Band perform during a concert at Strawberry Arena in Stockholm, Sweden, on Monday, July 15, 2024. (AP)
Bruce Springsteen & the E Street Band perform during a concert at Strawberry Arena in Stockholm, Sweden, on Monday, July 15, 2024. (AP)

The Boss is officially a billionaire, Forbes said Friday, estimating that Bruce Springsteen is conservatively worth $1.1 billion.

The guitar hero bard behind hits including "The River" has solidified much of his wealth in recent years, the financial outlet indicated, in no small part due to a blockbuster sale in 2021 of his music catalog to Sony for an estimated half-a-billion dollars.

The deal followed his wildly successful Broadway show run. Now, Springsteen is on a global tour currently set to run through 2025.

According to industry tracker Pollstar, in 2023 Springsteen sold more than 1.6 million concert tickets, raking in $380 million in revenue.

And the 74-year-old "Dancing in the Dark" singer shows no signs of slowing down.

For decades the "Jungleland" songwriter has penned music that focuses a sentimental lens on underdogs and the working class -- and he's sold 140 million albums globally, placing him among the all-time bestselling musicians ever.

A Rock and Roll Hall of Fame inductee with 20 Grammys and an Oscar to his name, Springsteen is also set to be the subject of a forthcoming biopic, with Jeremy Allen White of "The Bear" fame slated to play him.

His marathon shows are the stuff of legend, with the longest clocking in at more than four hours, a performance he pulled off in Helsinki in 2012.

Other industry heavyweights who have hit the billionaire mark include Rihanna, Jay-Z and Taylor Swift.