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.”



Fans Celebrate ‘Squid Game’ Finale with Seoul Parade

Performers dressed as "Squid Game" soldiers march in a parade through central Seoul, followed by a fan event with cast to celebrate the release of the third season of Netflix's hit series, in Seoul, South Korea, June 28, 2025. (Reuters)
Performers dressed as "Squid Game" soldiers march in a parade through central Seoul, followed by a fan event with cast to celebrate the release of the third season of Netflix's hit series, in Seoul, South Korea, June 28, 2025. (Reuters)
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Fans Celebrate ‘Squid Game’ Finale with Seoul Parade

Performers dressed as "Squid Game" soldiers march in a parade through central Seoul, followed by a fan event with cast to celebrate the release of the third season of Netflix's hit series, in Seoul, South Korea, June 28, 2025. (Reuters)
Performers dressed as "Squid Game" soldiers march in a parade through central Seoul, followed by a fan event with cast to celebrate the release of the third season of Netflix's hit series, in Seoul, South Korea, June 28, 2025. (Reuters)

Thousands of fans gathered in Seoul on Saturday to celebrate the final "Squid Game" season, ending a global Netflix hit that is seen as a symbol of South Korea's cultural clout.

The third and final season was released Friday, concluding the series that sees desperate people compete in deadly versions of traditional children's games for a massive cash prize.

Director Hwang Dong-hyuk said he had "poured everything" into the series, which launched nearly four years ago.

"So while it's sentimental to see it end," he said, "there's also a sense of relief".

Fans gathered near Seoul's Gyeongbokgung Palace, led by marchers dressed in the bright pink uniforms worn by the show's mysterious masked agents.

They were followed by others carrying oversize toys from one of the games featured in the series, along with the show's flag.

Park Sang-gyu, a fan who stayed up all night watching the final season, said the dystopian drama was "ultimately a story about people".

"As you watch, you realize it's not just about the games -- it reflects many aspects of real life."

The walls of the Seoul Metropolitan Library were lit up with key scenes, including Young-hee -- the giant motion-sensing animatronic doll featured in one of its brutal games.

Lee Byung-hun, who played the masked Front Man overseeing the competition, said the show had become "something of a cultural phenomenon".

"One that has drawn one of the boldest lines in the history of Korean content," he said.

The first two seasons of the series are among Netflix's most-watched shows, and in 2022, Hwang and the show's leading actor, Lee Jung-jae, became the first Asian men to win Emmy Awards.

The final season follows its hero Gi-hun, played by Lee, as he returns to the ultra-violent games to dismantle them from within after surviving the first round.

Along with filmmaker Bong Joon-ho's Oscar-winning 2019 thriller "Parasite" and K-pop sensation BTS, "Squid Game" is considered one of the most powerful examples of South Korea's rise as a global cultural force.