Nintendo has signed an agreement to acquire the animation company CG Dynamo Pictures in order to develop visual content with Nintendo IP. The gaming company is buying 100% of the outstanding shares of Dynamo Pictures and renaming it Nintendo Pictures Co., Ltd. The deal is expected to close on October 3rd.
According to a regulatory filing, Nintendo stated:
Nintendo has decided to acquire 100% of the outstanding shares (excluding treasury stock) of Dynamo Pictures and turn it into a wholly owned subsidiary to strengthen the visual content planning and production structure in the Nintendo group.
The deal suggests Nintendo is expanding further into the entertainment business. Having a studio gives Nintendo the freedom to produce its own content. While she’s not sure if the producer will develop feature films, game scenes or short films, it’s exciting to think about all the possibilities. Nintendo has franchises like Mario, Kirby, The Legend of Zelda, Donkey Kong, Star Fox and Animal Crossing.
The company is already working with Universal’s Illumination studio to release an animated film in April 2023 based on the Super Mario Bros. franchise.
This strategy of video game companies that develop content for IP-based movies and TV series is not new. Sony, responsible for Playstation, is also ready to develop titles with its large video game IP library. Projects already in production include Twisted Metal, The Last of Us and Ghost of Tsushima. There are 10 more in development.
The visual production company Dynamo Pictures, Inc. was established in 2011 and is known for her work on the animated short films “Pikmin” as well as season 2 of “Ghost in the Shell SAC_2045”, “Death Stranding”, “Monster Hunter: World”. ”,“ Final Fantasy XIII-2 ”,“ Person 5 ”,“ Yuri on Ice ”,“ Earwig and the Witch ”and much more.